B CNG THNG

TRNG CAO NG KT_KT VINATEX TP.HCM

KHOA: QUN TR KINH DOANH

BI TIU LUN MN: QUN TR TI CHNH

CH :

PHN TCH TI CHNH

CNG TY BIBICA

GVHD: PHM CHNH THNH

SVTH:Nhm3
1. L Th Bch Chung
2. Phan Th Phng Tho
3. V Th Thy
4. Trn Th T Trinh
5. Nguyn Th M An
6. L Th L Trinh

7. Ng Thi Thit
8.L Vy Phng
9.Phu Thi Ngoc Phu
10.Mai Thi Ngoc Phu
11.Lng Hoai Thng
12.Ha inh S

PHN TICH TAI CHINH

CNG TY BIBICA
A . VAI NET V CNG TY C PHN BANH KEO BIBICA
Tn cng ty: Cng ty c phn banh keo BIBICA.
Tn ting anh: BIEN HOA CONFECTIONERY CORPORATION.
Tn giao dich: BIBICA.
Ma chng khoan: BBC.
Tru s chinh: Khu cng nghip Bin hoa 1, thanh ph Bin hoa, tinh ng Nai.
in thoai: (84-61) 836576 .836240
Fax: (84-68) 836950
ia chi email: bibica@hcm.vnn.vn
Website: www.bibica.com.vn
Ni m tai khoan:
Tai khoan ng Vit Nam:
710A.00305 tai ngn hanggf Cng Thng chii nhanhhs khu cng nghip Bin Hoa.
0.12.700.000098.5 tai ngn hang ngoai thng chi nhanh ng Nai.
Tai khoan ngoai t:
710S.00305 tai ngn hang cng thng chi hanh khu cng nghip Bin Hoa.
0.12.700.000087.5 tai ngn hang ngoai thng ng Nai.
Vn iu l:90.000.000.000 (chin mi ty ng chn)
Thi gian hoat ng: k t ngay cng ty c cp giy phep chng nhn ng ky kinh
doanh.
Ma s thu: 3600363970.
Bibica la mt thng hiu manh trn thi trng banh keo Vit Nam hin nay. Thng
hiu Bibica lun dc ngi tiu dung tin nhim binh chon at danh hiu hang Vit
Nam cht lng cao t m 1997-2007.
Thng hiu Bibica cung c chon la mt thng hiu manh trong mt trm thng
hiu manh tai Vit Nam, ng thi cung la thng hiu anh trong 500 thng hiu ni
ting trong tap chi bussiness Forum thuc VCCI va cng ty truyn thng cuc sng
(Life) thc hin. Mt s san phm cua Bibica nh banh bng lan kem cao cp thc
Hura, keo cng nhn cao cp Volcanoa c chon tai tr cho cac hi nghi mang
tam quc t nh hi nghi ASEM 5, Hi nghi APEC 14.

B. PHN TICH TAI CHINH

I. CAC BAO CAO TAI CHINH TRONG 3 NM 2005-2006-2007
1.BNG CAN I K TOAN TNG HP NM 2005-20062007
n v tnh:VN
ST
T
I

Ni dung
Tai sn ngn hn
Tin

Nm 2007

khon

va

cac
tng

ng tin
Cac khon u t
2
3
4
5
II
1
2

tai chnh ngn

Nm 2006

Nm 2005

179,079,163, 156,306,589, 100,830,486,

900

247

720

44,423,027,9 22,569,254,2 11,158,972,4

53

39

14,055,000,0 35,000,000,0
00

00

79
-

hn
Cac khon phi 30,318,114,5 33,166,654,3 27,896,506,4
thu ngn hn
Hang tn kho

46
00
91
86,850,781,7 63,822,664,8 61,414,409,4

94
65
10
Tai sn ngn hn 3,432,279,60 1,748,015,84
360,598,340
7
3
khac
200,093,292, 86,670,014,9 77,821,142,1
Tai sn dai hn
261
98
78
Cac khon phi
thu dai hn
116,047,273, 64,626,860,6 65,831,998,9
Tai sn c nh
723
32
37
- Tai sn c nh 52,428,380,2 58,548,317,0 63,905,528,1
63
hu hnh
- Tai sn c nh
765,196,492
v hnh

00
41
1,098,989,72
538,934,796
8

- Tai sn c nh
thue tai chnh
- Chi ph xay
dng c bn d
3
4
5
III

dang
Bt ng sn u

62,853,696,9 4,979,553,90 1,387,536,00

68

t
Cac khon u t 41,834,900,3 9,753,219,38 3,719,805,00
8
0
tai chnh di hn 22
Tai sn dai hn 12,236,737,3 12,289,934,9 8,269,338,24
14
khac
Tng cng tai 379,172,45
sn

IV

N phi tr

N ngn hn

N dai hn

Vn ch s hu

Vn ch s hu

6,161

78
242,976,60

1
178,651,62

4,245

8,898

172,176,511, 59,617,754,8 86,886,793,2

837
51
80
141,006,182, 56,438,880,3 83,286,318,7
097
20
49
31,170,329,7 3,178,874,53 3,600,474,53
40
1
1
206,995,944, 183,358,849, 91,764,835,6
324
394
18
205,372,248, 182,493,104, 90,184,590,2

941
011
35
- Vn u t ca 107,707,820, 89,900,000,0 56,000,000,0
000
00
00
ch s hu
- Thng d vn 70,226,583,3 70,258,833,3 27,382,833,3
51
c phn
- C phiu qu
- Chenh lech
anh gia lai sn
- Chenh lch ty
gia hi oi

51
-

51
-

9,527,554,23 6,650,040,65

- Cac qu

- Li nhun sau
thu cha phan
phi
- Ngun vn u

17,910,291,3 15,684,230,0
60

02

t XDCB
Ngun kinh ph 1,623,695,38
865,745,383
3
va qu khac
Qu
khen 1,623,695,38
865,745,383
3
thng phuc li
- Ngun kinh ph - Ngun kinh ph

a
VI

hnh

TSC
Tng

6650040658
151,716,226
1,580,245,38
3
1,580,245,38
3
-

thanh -

cng 320,660,31

242,976,60

178,651,62

4,245

8,898

ngun vn

0,068

2.BNG KT QU HOT NG KINH DOANH NM 2005-2006-2007

n v tnh:VN
STT
1
2
3
4
5

CH TIU
Doanh thu bn hng
v cung cp dch v
Cc khon gim tr
doanh thu
Doanh thu thun v
bn hng v cung cp
dch v
Gi vn hng bn
LN gp v bn hng
v cung cp dch v

Nm 2007

Nm 2006

Nm 2005

456,850,115,543

343,061,150,267

287,091,873,695

2,874,617,047

1,730,500,189

1,729,630,268

453,975,498,496

341,330,650,078

285,362,243,427

335,662,124,255

254,957,271,575

216,296,053,953

118,313,374,241

86,373,378,503

69,066,189,474

6
7
8
9
10
11
12
13
14
15
16
17
18

Doanh thu hot ng

ti chnh
Chi ph ti chnh
Chi ph bn hng
Chi ph qun l doanh
nghip
Li nhun thun t
hot ng kinh doanh
Thu nhp khc
Chi ph khc
Li nhun khc
Tng li nhun k
ton trc thu
Thu thu nhp doanh
nghip
Li nhun sau thu
thu nhp doanh nghip
Li c bn trn c
phiu
C tc trn mi c
phiu

14,189,899,449

8,996,554,183

219,830,271

4,426,820,713
74,254,015,306

3,270,215,531
51,331,387,150

3,152,731,691
35,855,608,472

21,060,872,607

16,312,967,470

14,356,957,577

32,761,565,064

24,455,362,535

15,920,722,005

1,222,964,533
659,430,628
563,533,905

1,160,267,499
538,102,347
622,165,152

560,727,081
390,346,920
170,380,161

33,325,098,969

25,077,527,687

16,091,102,166

8,881,794,431

5,541,746,009

3,772,985,317

24,443,304,538

19,325,537,571

12,318,116,849

2,512

2,967

2,200

3.BO CO DNG TIN QUA CC NM

n v: VN
CH TIU
I
.
1
2
-

Lu chuyn tin t
hot
ng
kinh
doanh
Li nhun trc thu
iu chnh cho cc
khon:
Khu hao ti sn c
nh
Cc khon d phng

M
s

Nm 2005

Nm 2006

Nm 2007

01

16,015,950,746

12,699,615,378

33,325,098,969

02

8,270,584,159

2,941,147,277

10,220,161,070

03

335,143,653

446,535,204

I
I
.
-

Li, l chnh lch t

gi hi oi cha
thc hin
Li, l t hot ng
u t
Chi ph li vay
Li nhun t hot
ng kinh doanh
trc thay i vn
lu ng
Tng,
gim
cc
khon phi thu
Tng, gim hng tn
kho
Tng,
gim
cc
khon phi tr
Tng gim chi ph tr
trc
Tin li vay tr
Thu
thu
nhp
doanh nghip np
Tin thu khc t hot
ng kinh doanh
Tin chi khc t hot
ng kinh doanh
Lu chuyn tin
thun t hot ng
kinh doanh

04
05

6,664,500,725

( 13,453,687,035)

06

3,094,576,449

230,448,500

3,297,174,121

08

27,716,255,007

22,535,711,880

33,835,282,329

09

(3,068,290,163)

(879,861,907)

(2,646,989,734)

10

(2,745,423,501)

4,007,154,478

(22,692,973,276)

11

5,481,298,172

(17,645,279,424)

57,503,095,921

12

876,128,812

(4,359,203,301)

(99,051,419)

13

(3,094,576,449)

(230,448,500)

(3,297,174,121)

14

(5,143,423,080)

(2,295,965,830)

(9,336,108,814)

15

440,892,190

1,728,454,011

16

(3,800,000)

(600,000,000)

(1,937,741,448)

20

20,459,060,988

532,107,396

53,056,793,449

21

(6,741,110,031)

(4,423,576,587)

(86,384,621,457)

5,409,524

Lu chuyn tin t
hot ng u t
Tin chi mua
sm, xy dng ti
sn c nh v cc
ti sn di hn khc
Tin thu t thanh l,
nhng bn ti sn
c nh v cc ti
sn di hn khc

22

I
I
I
.

Tin chi cho vay,

mua cc cng c n
ca n v khc
Tin thu hi cho vay,
bn li cc cng c
n ca n v khc
Tin chi u t, gp
vn vo n v khc
Tin thu hi u t,
gp vn vo n v
khc
Tin thu li cho vay,
c tc v li nhun
c chia
Lu chuyn tin t
hot ng u t

3
.
4
.

Tin chi tr n gc
vay

5
.
6
.

Tin chi tr n thu

ti chnh
C tc, li nhun
tr cho ch s hu

2
.

(10,460,501,325)

(38,055,000,000)

24

7,661,074,203

59,000,000,000

(54,868,223,551)

25,979,158,270

25

(2,774,715,000)

26

27

167,832,269

13,453,687,035

30

(9,515,825,031)

(7,055,171,440)

(80,869,590,179)

31

16,850,000,000

32

(945,000,000)

33

75,977,912,342

4,299,860,000

130,370,772,676

34

(80,756,337,786)

(16,210,895,309)

(80,704,202,232)

35

36

(1,578,730,500)

Lu chuyn tin t
hot ng ti chnh
Tin thu t pht
hnh c phiu, nhn
gp vn ca ch s
hu
Tin chi tr gp vn
cho cc ch s hu,
mua li c phiu ca
doanh nghip
pht hnh
Tin vay ngn hn,
di hn nhn c

1
.

23

Lu chuyn tin
thun t hot ng
ti chnh
Lu chuyn tin
thun trong k
Tin
v
tng
ng tin u nm
Tin
v
tng
ng tin cui k

40

(7,302,155,944)

4,938,964,691

49,666,570,444

50

3,641,080,013

(1,584,099,353)

21,853,773,714

60

7,529,033,775

12,138,533,497

22,569,254,239

70

11,170,113,788

10,554,434,144

44,423,027,953

II.PHN TICH TAI CHINH

1.Phn tich kha nng sinh li:
a) sut sinh li trn tng tai san

b)Sut sinh li trn vn c phn thng

LI RNG
ROE =
VCSH
&K
tiu

2005

2006

2007

/ mi Uzng

12,318,116,849

19,325,537,571

24,443,304,538

VCSH

91,764,835,618

183,358,849,394

206,995,944,324

ROE

13.42%

10.53%

11.8%

c) Li nhun bin t

LI RNG
LNM =

DOANH THU

&K
tiu

2005

2006

2007

/ mi Uzng

12,318,116,849

19,325,537,571

24,443,304,538

Doanh thu

285,362,243,427

341,330,650,078

453,957,498,496

LNM

4.31%

5.66%

5.38%

Nhn xet: kha nng sinh li cua cng ty Bibica qua nm bao cao
Nhin chung kha nng sinh li cua Bibica khng n inh. Cu th la:
Li nhun bin t cua nm 2006 tng so vi 2005 la 1.35%, nhng n
nm 2007 giam 0.28%

 Sut sinh li trn tng tai san (ROA) nm 2006 so vi 2005 tng 1.06%
nhng nm 2007 lai giam 1.51%.
Sut sinh li trn vn c phn thng nm 2006 giam so vi nm 2005 la
2.89% n nm 2007 lai tng 1.27%.
Tt ca nhng con s trn a th hin rng Bibica su dung khng hiu qua tai san
va ngun vn cua cng ty lam cho tai san va ngun vn o khng phat huy c
ht tac dung .vi vy cng ty cn co bin phap nng cao kha nng sinh li trong
thi gian sp ti.
2) phn tich mc quay quay vong tai san
a) Ky thu tin binh qun

KPT*365
DSO =
DOANH THU
&K
tiu

2005

2006

2007

KPT

27,896,506,491

33,166,654,300

30,318,114,546

Doanh thu

285,362,243,427

341,330,650,078

453,975,498,496

DSO QJj y)

36

35

24

b)Vong quay khoan phai thu

365
Lkpt =
DSO
&K
tiu

2005

2006

2007

DSO

36

35

24

Lkpt

10

10

15

c)Vong quay hang tn kho

GVHB
VTK =
GTKTB
&K tiu

2005

2006

2007

GVHB

216,296,053,953

254,957,271,575

335,662,124,255

GTKTB

61,414,409,410

63,822,664,865

86,850,781,794

VTK

3.52

3.99

3.86

d)Vong quay tai san c inh

DT
VTSCD =

TSCDTB

&K
tiu

2005

2006

2007

DT

285,362,243,427

341,330,650,078

453,975,498,496

TSCDTB

77,821,142,178

86,670,014,998

200,093,292,261

VTSCD

3.66

3.93

2.26

Nhn xet: mc quay vong tai san cua Bibica qua nm bao cao
Mc quay vong tai san cua cng ty Bibica khng u. Th hin ro:
Ky thu tin binh qun giam t nm 2005-2007 cu th nm 2005 la 36 ngay,
nm 2006 la 35 ngay va 2007 la 24 ngay.
Vong quay cac khoan phai thu tng t 2005-2007, cu th nm 2005 va
2006 la 10 va nm 2007 la 15.
Vong quay hang tn kho nm 2006 so vi 2005 tng 0.47% nhng 2007
giam so vi 2006 la 0.13.cho thy Bibica tiu thu hang nhanh nn lng
tn kho giam.
Vong quay tai san c inh nm 2006 so vi 2005 tng 0.27%, nhng nm
2007 giam so vi 2006 la 1.67. vong quay TSCD cua Bibica giam co th la
cng ty ang m rng quy m san xut hoc cung co th doanh thu cua

doanh nhip giam sut khi tai san c inh khng thay i va khi vong quay
TSCD tng thi ngc lai.
3) Phn tich rui ro
3.1) anh gia kha nng thanh toan n ngn han
a) Ty s kha nng thanh toan n ngn han CR

TSLD
CR =
NNH
&K
tiu

2005

2006

2007

TSLD

100,830,486,720

156,306,589,247

179,079,163,900

NNH

83,286,318,749

56,438,880,320

141,006,182,097

CR

1.21%

2.76%

1.27%

b) Ty s kha nng thanh toan nhanh QR

(TSLD-TK)
QR =
NNH
&K
tiu

2005

2006

2007

TSLD

100,830,486,720 156,306,589,247 179,079,163,900

TK

61,414,409,410

63,822,664,865

86,850,781,794

NNH

83,286,318,749

56,438,880,320

141,006,182,097

QR

0.47

1.63%

0.65%

c) Ty s ngn lu t hoat ong san xut kinh doanh

7 6 1 * 1 / 8 7
7 H SXKD
=

NGN LU
H SXKD
NNH

&K
tiu

2005

2006

2007

Ngn OXW

HSXKD

20,459,069,988

532,107,396

53,056,793,449

NNH

83,286,318,749

56,438,880,320

141,006,182,097

7VQJkQOXW
HSXKKD

24.56%

0.94%

37.62%

3.2) anh gia kha nng thanh toan n dai han

a) Ty s n trn vn D/A

D/A =

7 1 * 1
7 1 * 9 N

&K
tiu

2005

2006

2007

7ng Q

86,886,793,280

59,617,7754,851

172,176,511,837

7ng Yn

178,651,628,898

242,976,604,245

379,172,456,161

D/A

48.63%

24.53%

45.4%

b) Ty s n dai han trn vn c phn D/E

9 N VAY
D/E =
9 N CP
&K
tiu

2005

2006

2007

9 n vay

3,600,474,531

3,178,874,531

31,170,329,740

9 n cp

91,764,835,618

183,358,849,394

206,995,944,324

D/E

3.92%

1.73%

15.05%

C) Ty s n dai han

NDH
7 V NDH =

(NDH+VCP)

&K
tiu

2005

2006

2007

NDH

3,600,474,531

3,178,874,531

31,170,329,740

NDH+VCP

95,365,310,149

186,537,723,925

238,166,247,064

7VNDH

3.77%

1.7%

13.08%

d) Ty l ngn lu san xut kinh doanh trn tng n

Chi tiu

2005

2006

2007

NL SXKD

20,459,060,988

532,107,396

53,056,793,449

Tng n

86,886,793,280

59,617,754,851

172,176,511,837

0.89%

30.81%

Ty l
NL 23.54%
SXKD/Tng n

e) S ln thanh toan lai vay t thu nhp

EBIT
TIE =
I
&Ktiu

2005

2006

2007

EBIT

16,091,104,366

25,077,530,654

33,325,1011,481

2,200

2,967

2,512

TIE

7.3

8.45

13.2

Nhn xet: mc rui ro cua Bibica qua 3 nm bao cao

Kha nng thanh toan n ngn han:
Ty s thanh toan n ngn han va ty s thanh toan nhanh cua 2006 so vi 2005 la
tt nhng nm 2007 lai giam so vi 2006. ty s ngn lu t hoat ng san xut
kinh doanh nm 2005 la 24.56%>20% nn cng ty hoat ng tt, n nm 2006
la 0.94%<20% suy ra cng ty hoat ng khng hiu qua va nm 2007 la 37.62%
cho thy cng ty hoat ng tt.
Kha nng thanh toan n dai han:
Kha nng thanh toan n dai han khng n inh. Nhin chung cac ty s v n dai
han cua nm 2006 u giam so vi nm 2005, nhng nm 2007 lai tng. Ring
vi ty s TIE lai tng u t 2005-2007.

The end_!mr mat_hi!