Improving financial reporting audit and analysis with strengthening financial management in small and medium enterprises in Vietnam - 34

DECREE No. 57 / 2002 / QD - HNND OF JANUARY 24 , 2002 ON DEPLOYING AI TO PROJECT ANALYSIS AND RANKING OF APPLICABLE IT​​​​​​​​

- Pursuant to the Law on State Bank of Vietnam ; Law on Credit Institutions dated December 12 , 1997 ;

- Pursuant to Decree No. 15 / CP dated March 2 , 1993 of the Government on tasks , powers and responsibilities for State management of Ministries and ministerial - level agencies ;​​​​

- At the request of the Director of the Credit Information Center .

DECISION :​​​

Article 1 : Allow the Credit Information Center to pilot the project of analyzing and classifying corporate credit. The analysis and classification of corporate credit is carried out at the Credit Information Center according to the classification method and the comparison method. The specific contents are as follows:

1- Information collection:

Information indicators collected for use in the analysis process include:

- Balance sheet;

- Business performance report;

- Bank debt situation;

- Other non-financial information.

2- Business classification: by economic sector, by size.

- By industry: agriculture, forestry and fishery; trade and services; construction; industry;

- By size: large; medium; small.

3- Basic financial analysis indicators include:

- Liquidity indicators;

- Performance indicators;

- Debt balance indicator;

- Income target.

4- Analysis criteria, weights for criteria, and scoring scale are shown in Table 04 of the project.

5- How to calculate the criteria scores:

The content of the scoring method is shown in tables 3A, 3B, 3C, 3D of the project.

6- Enterprises are classified into 6 credit categories with rankings from high to low, with symbols as follows: AA; A; BB; B; CC; C.

The maximum score for a business is 135 points, the minimum score is 27 points, the business credit gap is determined by the formula:

Distance Maximum Score - Minimum Score 135 - 27

Credit type = ----------------------------------

---

Business Number of types of business credit

career

= -------------- = 18

6

Evaluation content of each type according to table 05 of the project.

Article 2. The pilot period is 02 years, from the effective date of this Decision. After the pilot period, the Credit Information Center shall report the results to the Governor of the State Bank .

Article 3. The subjects of the pilot credit analysis and classification are State- owned enterprises ; foreign-invested enterprises; and Joint Stock Companies.

Article 4. During the pilot period, the Credit Information Center is only allowed to provide information assessment and credit classification for enterprises to units under the State Bank; credit institutions. Units use information for the right purpose; do not provide information to third parties.

Article 5. This Decision comes into force 15 days after the date of signing .

Article 6. Chief of Office, Director of Credit Information Center, Heads of units under the State Bank, Directors of State Bank branches in provinces and centrally run cities, Chairmen of Board of Directors, General Directors (Directors) of credit institutions are responsible for implementing this Decision.

TABLE 3A​​​

THE AUTHORIZED USE OF ...​​​​​​​​​​

US 3B SIGN​​

THE FULL PACKAGE OF INDUSTRIES IN THE WORLD IS A RESULT OF THE USE OF THE FULL PACKAGE OF ENTREPRENEURS PNG AND NHTH ƯƠ NGM ẤN ID Ị CHV Ị

Target

Note: Enterprises have ratios: From A to the left: 5 points After A to B: 4 points

After B to C: 3 points After C to D: 2 points

From behind D to the right: 1 point

* Some special cases:

- Profitability indicators in items 9, 10, 11 < 0: 0 points

- Liabilities/Working Capital ratio in item 7 < 0: 0 points

TABLE 3 C​​

THE WORLD IS A COUNTRY MANAGEMENT SYSTEM , WHICH IS THE COUNTRY MANAGEMENT SYSTEM OF THE WORLD, WHICH IS THE COUNTRY MANAGEMENT SYSTEM OF THE WORLD ?