Professional Documents
Culture Documents
MC LC
MC LC..................................................................................................................................1
I. Gii thiu khi qut v cng ty c phn xut nhp khu th cng m ngh Artexport:.........2
1.Qu trnh hnh thnh v pht trin:......................................................................................2
2. Lnh vc kinh doanh:.........................................................................................................3
3. C cu t chc ca cng ty:...............................................................................................3
................................................................................................................................................4
S c cu t chc ca cng ty...........................................................................................4
4. Phn tch mi trng kinh doanh. .....................................................................................4
4.1. Th trng:...................................................................................................................4
4.2. Nh cung cp:..............................................................................................................5
4.3. Mt s i th cnh tranh:...........................................................................................5
4.3.1. Tng cng ty thng mi H Ni (Hapro):..........................................................5
4.3.2. Cng ty c phn xut nhp khu th cng m ngh (Hartexco):.........................6
4.3.3. Cng ty c phn xut nhp khu Tng hp I Vit Nam (Generalexim):.............6
II. Phn tch tnh hnh ti chnh Cng ty c phn xut nhp khu th cng m ngh Artexport
nm 2007:...................................................................................................................................7
1.Mt s vn l thuyt v phn tch ti chnh doanh nghip.............................................7
1.1. Mt s khi nim v phn tch ti chnh:....................................................................7
1.2. ngha v nhim v ca phn tch ti chnh doanh nghip:......................................7
1.2.1. ngha:................................................................................................................7
1.2.2. Nhim v:.............................................................................................................8
1.3. Mc ch ca phn tch ti chnh doanh nghip:.........................................................8
1.4. Ni dung phn tch ti chnh doanh nghip:................................................................9
2. Phn tch tnh hnh ti chnh ca cng ty trong nm 2007:..............................................10
2.1. Phn tch khi qut bo co ti chnh ca cng ty:...................................................10
2.1.1. Bng cn i k ton:.........................................................................................10
2.1.2. Bo co kt qu kinh doanh:..............................................................................13
2.1.3. Bng lu chuyn tin t:.....................................................................................14
2.2. Phn tch cc ch s ti chnh:...................................................................................16
2.2.1. Kh nng thanh ton:..........................................................................................16
2.2.2. Hiu qu s dng ti sn:...................................................................................17
2.2.3. Kh nng tr n:.................................................................................................18
3. nh gi chung:................................................................................................................21
3.1. im mnh:...............................................................................................................21
3.2. Hn ch v nguyn nhn:..........................................................................................21
III. xut gii php:............................................................................................................22
1. xut:............................................................................................................................22
2. Bo co qu trnh thc tp ti cng ty:.............................................................................23
Ti liu tham kho....................................................................................................................24
BO CO THC TP
I. Gii thiu khi qut v cng ty c phn xut nhp khu th cng m
ngh Artexport:
1.Qu trnh hnh thnh v pht trin:
Ngy 23/12/1964, theo Quyt nh s 617/BNgT-TCCB ca B Ngoi Thng (nay l
B Thng Mi) cng ty XNK Th cng m ngh (nay l cng ty c phn XNK Th
cng m ngh Vit Nam) c thnh lp.
Trc nm 1975 khi t nc cn chin tranh c lit, M v cc nc t bn thc hin
cm vn kinh t Vit Nam nn vic xut khu gp rt nhiu kh khn, c bit l hng
th cng m ngh .Tuy nhin, vi s n lc c gng ca mnh, cng ty vn duy tr
hot ng xut khu, hon thnh c nhim v m Nh nc v B giao.
Thi k t nm 1976 n trc nm 90 mc d l thi k ho bnh thng nht t
nc nhng cng ty ch yu xut khu tr n v xut khu theo ngh nh th vi cc
nc XHCN. Mc d gp nhiu kh khn, cng ty vn t chc tt vic trin khai sn
xut v thu gom hng nn kim ngch xut khu hng nm u tng, nm sau tng hn
nm trc m nh cao l nm 1988 cng ty xut khu c gn 100 triu rp , ng
thi cng ty a m rng th trng ra mt s nc t bn pht trin nh Php, c,
Ty Ban Nha
Nm 1991 nh du bc chuyn quan trng ca Cng ty t c ch bao cp sang c
ch hch ton kinh doanh, vic xut khu theo ngh nh th v c quyn khng cn
na, vy nn cng ty gp rt nhiu kh khn do c ch c li, c v con ngi ln
c s vt cht v cng n. Tuy nhin di s lnh o sng sut ca tp th lnh o
cng ty v s ch o st sao ca B Thng Mi, cng ty dn dn y mnh xut
khu vi kim ngch hng nm khong 30 triu la.
Thi k t nm 2000 n nay chng kin cuc khng hong kinh t th gii v ng
Nam , cnh tranh gay gt gia nhng ngi sn xut hng th cng m ngh, song
cng ty bit kt hp gia sn xut, xut khu v qung b thng hiu, to lp v tr
xng ng trn th trng. Ghi nhn nhng thnh tch ln lao ca tp th cn b cng
nhn vin, Nh nc trao tng Cng ty Hun Chng Lao ng hng nht nm
2004.
Ti nm 2005, cng ty chuyn sang hot ng theo m hnh c phn, buc cng ty
phi t vn ln khng nh v tr v thng hiu ca mnh, trn con ng hi
nhp v pht trin. Vic kinh doanh v qun l c hiu qu, to ra li nhun v m
rng sn xut, m rng th trng xut khu hng th cng m ngh ng vai tr
quyt nh. Do Artexport cam kt xy dng mt thng hiu vng chc, khng
nh bc tin ca cng ty trn con ng hi nhp v tr thnh a ch tin cy cho
cc bn hng trong nc v quc t.
BO CO THC TP
BO CO THC TP
S c cu t chc ca cng ty
4. Phn tch mi trng kinh doanh.
4.1. Th trng:
Theo thng k kim ngch xut nhp khu nm 2006, cng ty tin hnh xut khu
cc sn phm th cng m ngh ti 40 th trng trn ton th gii. Kim ngch xut
khu nm 2006 t hn 11 triu la trong ng u l th trng B 1.9 triu
la, n 1.4 triu la v xut khu sang th trng Nht Bn t kim ngch 1.3
triu la. Trong cc nm ti cng ty s y mnh khai thc cc th trng ln nh
Nga, M ng thi cng tp trung hn na vo cc th trng ln cn quan trng :
i Loan, Hng Kng, Hn Quc, Trung Quc.y l cc th trng gn ta, c nhu
cu nhp khu hng th cng m ngh ca Vit Nam vi khi lng hng nm tng
i kh, trong Trung Quc l nc xut khu ln v hng th cng m ngh v l
i th cnh tranh mnh, nhng ta vn c th bng nhng sn phm c o ca mnh
y mnh xut khu cc sn phm ny sang Trung Quc.
Cng trong nm 2006, Artexport nhp khu thit b, my mc, hng tiu dng,
nguyn liu t gn 30 quc gia. Trong kim ngch nhp khu t th trng
4
BO CO THC TP
Singapore t gn 5 triu la, Nht 3.7 triu la, th trng Trung Quc gn 3.6
triu la.
4.2. Nh cung cp:
Trong lnh vc xut khu cng ty c 1 li th rt ln l 3 xng sn xut sn phm
g, thu ren v gm s cung cp cc mt hng trc tip xut khu. Bn cnh l
ngun hng rt phong ph v mu m t cc lng ngh th cng m ngh truyn
thng trn c nc. C th k ra y 1 s ci tn ni ting nh lng la Vn Phc, g
ng K, gm s Bt Trng, c ng Yn, th cm Ha Bnh, th cm Chm,
thu Hu, chm bc ng Xm, ng i Bi, ng Phc Kiu ca Qung Nam,
la H ng, la M Chu, Qung Nam, tre H Nam, nn l bi th Hu, Non
nc, gm s Chu u, Hi Dng, th cm ty Bc. mi lng ngh hin c nhiu
loi hnh sn xut kinh doanh; l cc t sn xut, h gia nh, doanh nghip t
nhn, cng ty c phn, cng ty TNHH, hp tc x, v.v...iu cng to iu kin
cho cng ty trong vic la chn nh cung cp ph hp, khng cn tnh trng gom
hng t cc h sn xut nh l manh mn.
Cc mt hng phc v cho gia cng sn xut hng xut khu nh nguyn liu thu,
dt may, bng ch yu c nhp t cc nh cung cp Trung Quc, c, M; ha
cht, sn bng, vcni dng sn xut mt hng ci, my tre, hng m ngh nhp khu
phn ln t cc nc Trung Quc, Singapore, MalaixiaCc loi vt t, my mc,
thit b thng c nhp t cc doanh nghip Nht Bn , Trung Quc, Hn Quc v
i Loan.
4.3. Mt s i th cnh tranh:
BO CO THC TP
4.3.3. Cng ty c phn xut nhp khu Tng hp I Vit Nam (Generalexim):
Cng ty c phn Xut nhp khu Tng hp I Vit Nam - Tn giao dch Generalexim,
tin thn l doanh nghip nh nc c thnh lp nm 1981 v uc c phn vo
nm 2006. Cng ty c phn Xut nhp khu Tng hp I Vit Nam t tr s chnh ti
46 Ng Quyn, H Ni, Vit Nam
Generalexim c thnh lp t nm 1981 trc thuc B Thng mi v chuyn i
thnh cng ty c phn nm 2006. Generalexim c thnh lp t nm 1981 trc thuc
B Thng mi v chuyn i thnh cng ty c phn nm 2006. Thi k u thnh
lp, Generalexim hot ng ch yu trong lnh vc xut nhp khu nhng sau
nhanh chng chuyn sang cng ty kinh doanh a ngnh ngh, trong xut nhp khu
chim khong 85% doanh thu v li nhun hng nm. Trn th trng trong v ngoi
nc cng ty lun c nh gi cao v uy tn giao dch v nng lc ti chnh lnh
mnh, p ng quy m kinh doanh. Cng ty c tr s chnh ti H Ni vi c 3 chi
nhnh ti Hi Phng, Nng, Tp. H Ch Minh.Cng ty kinh doanh cc lnh vc
chnh sau:
1. Kinh doanh thng mi:
- Xut khu: Cc sn phm nng sn: c ph, ht tiu, go, lc nhn, hnh , ht
iu, ch, hoa hi, qu, sn lt,cc loi u...; cc sn phm g; hng may mc; hng
cng nghip nh; khong sn; hng th cng m ngh,...
6
BO CO THC TP
- Nhp khu: Thit b cng nghip (my cn thp, bng ti...), my mc, phn bn,
phng tin vn ti, nguyn vt liu cho cc ngnh sn xut v xy dng (st, thp,
nhm, ng, bt thc n gia sc, gia cm, nguyn liu sn xut thuc th y...), cc loi
ho cht (theo quy nh nh nc cho php), hng tiu dng...
2. Sn xut: x nghip gia cng hng may mc xut khu ti Hi Phng.
3. Dch v: lm i l mua/bn hng ho theo yu cu ca khch hng trong v ngoi
nc; cho thu vn phng, kho hng ti H Ni, Hi Phng, Nng v thnh ph
H Ch Minh; XNK u thc, cc dch v v thng mi, giao nhn hng ho xut
nhp khu, tm nhp ti xut...
4. Hot ng ti chnh, lin doanh - lin kt:
+ i tc chin lc ca Ngn hng TMCP Xut nhp khu Vit Nam (Eximbank)
+ Hot ng u t ti chnh
+ Cng ty c phn Bt ng sn Tng hp 1 (G-Land)
+ Hp tc chin lc vi BeeLogistic thnh lp Cng ty c phn Gii php phn phi
BEEGEN
+ C ng sng lp Cng ty c phn Khong sn ML Qung Ngi
Vi thnh tch trong hot ng kinh doanh ca mnh, Cng ty c phn Xut nhp khu
Tng hp I Vit Nam vinh d c Nh nc Cng ha x hi ch ngha Vit
Nam trao tng Hun chng c lp hng Ba. V c bit, thng hiu cu Cng ty
c khng nh khi Cng ty c trao gii thng Sao Vng t Vit, mt gii
thng ginh cho cc thng hiu xut sc cu Vit Nam trong qu trnh hi nhp.
II. Phn tch tnh hnh ti chnh Cng ty c phn xut nhp khu th
cng m ngh Artexport nm 2007:
1.Mt s vn l thuyt v phn tch ti chnh doanh nghip
1.1. Mt s khi nim v phn tch ti chnh:
Ti chnh doanh nghip l qu trnh to lp, phn phi v s dng cc qu tin t pht
sinh trong qu trnh hot ng ca doanh nghip nhm t ti mc tiu ca doanh
nghip.
Phn tch ti chnh doanh nghip l mt tp hp cc khi nim, phng php v cng
c cho php x l cc thng tin k ton v thng tin khc v qun l nhm nh gi
tnh hnh ti chnh, ri ro, cht lng hiu qu cc haotj ng c doanh nghip .
1.2. ngha v nhim v ca phn tch ti chnh doanh nghip:
1.2.1. ngha:
- Bng cch phn tch tnh hnh ti chnh ca doanh nghip ta c th gi y , chnh
xc tnh hnh phn phi, s dng v qun l cc loi vn, ngun vn, vch r kh
nng tim tng v vn ca x nghip. Trn c s ra bin php nng cao hiu qu
s dng vn, gip doanh nghip cng c tt hn hot ng ti chnh ca mnh.
BO CO THC TP
- Phn tch tnh hnh ti chnh l cng c khng th thiu phc v cho cng tc qun l
ca c quan cp trn, c quan ti chnh, ngn hng nh: nh gi tnh hnh thc hin
cc ch , chnh sch v ti chnh ca nh nc, xem xt vic cho vay vn
1.2.2. Nhim v:
- nh gi tnh hnh s dng vn, ngun vn nh: xem xt tnh hp l trong vic phn
b vn, ngun vn; xem xt mc m bo vn cho nhim v sn xut kinh doanh,
pht hin nhng nguyn nhn dn n tnh trng tha, thiu vn.
- nh gi tnh hnh thanh ton, kh nng thanh ton ca x nghip, tnh hnh chp
hnh cc ch , chnh sch ti chnh, tn dng ca nh nc.
- nh gi hiu qu vic s dng vn.
- Pht hin kh nng tim tng, ra cc bin php ng vin, khai thc kh nng tim
tng nhm nng cao hiu qu s dng vn.
1.3. Mc ch ca phn tch ti chnh doanh nghip:
Phn tch tnh hnh ti chnh ca doanh nghip mt mt khc l p ng nhu cu s
dng thng tin ca nhiu i tng. i vi tng i tng s dng thng tn m phn
tch ti chnh phc v nhng mc ch c th.
i vi nh qun tr doanh nghip: Phn tch tnh hnh ti chnh nhm mc tiu:
- To thnh cc chu k nh gi u n v cc hot ng kinh doanh qu kh, tin
hnh cn i ti chnh, kh nng sinh li, kh nng thanh ton, tr n, ri ro ti chnh
ca doanh nghip.
- nh hng cc quyt nh ca ban gim c nh: quyt nh u t, ti tr, phn
chia li tc, c phn,
- L c s cho cc d bo ti chnh: k hoch u t, phn ngn sch tin mt,
- L cng c kim sot cc hot ng qun l.
i vi ch s hu/ c ng: H cng quan tm n li nhun v kh nng tr n, s
an ton ca tin vn b ra, thng qua phn tch tnh hnh ti chnh gip h nh gi
hiu qu ca qu trnh sn xut kinh doanh, kh nng iu hnh hot ng ca nh
qun tr quyt nh s dng hoc bi min nh qun tr, cng nh quyt nh vic
phn phi kt qu kinh doanh.
i vi ngi cho vay: (Ngn hng, cc nh cho vay, nh cung cp) mi quan tm ca
h hng vo kh nng tr n ca doanh nghip. Do h cn ch n tnh hnh v
kh nng thanh ton ca n v cng nh quan tm n lng vn ca ch s hu,
kh nng sinh li nh gi n v c kh nng tr n c hay khng khi quyt
nh cho vay, bn chu sn phm cho n v.
i vi cc i tng khc: Nh c quan thu, thng qua thng tin trn bo co ti
chnh xc nh cc khon ngha v n v phi thc hin i vi nh nc, c quan
thng k tng hp phn tch hnh thnh s liu thng k, ch s thng k,
BO CO THC TP
BO CO THC TP
Ti sn
A.Ti sn ngn hn
I.Tin v cc khon
tng ng tin
1.Tin
II.Cc khon u t ti
chnh ngn hn
1.u t ngn hn
2.D phng gim gi
u t ngn hn
III.Cc khon phi thu
ngn hn
1.Phi thu ca khch
hng
2.Tr trc cho ngi
bn
3.Cc khon phi thu
khc
IV.Hng tn kho
1.Hng tn kho
V.Ti sn ngn hn
khc
1.Chi ph tr trc
ngn hn
2.Thu GTGT c
khu tr
3.Thu v cc khon
phi thu Nh nc
4.Ti sn ngn hn
khc
B.Ti sn di hn
I.Cc khon phi thu
di hn
II.Ti sn c nh
1.Ti sn c nh hu
hnh
_Nguyn gi
_Gi tr hao mn ly
k
2.Ti sn c nh v
hnh
_Nguyn gi
_Gi tr hao mn ly
k
3.Chi ph xy dng c
264,881,800,193
210,490,851,439
T l theo quy
m
Cui
u
nm
nm
74.03
80.13
39,226,592,583
5,916,358,905
10.96
2.25
33,310,233,678.00
563.02
39,226,592,583
5,916,358,905
10.96
2.25
33,310,233,678.00
563.02
1,120,160,000
88,000,000
0.31
1.49
1,032,160,000.00
1172.91
1,483,772,130
88,000,000
0.41
0.03
1,395,772,130.00
1586.10
Cui nm
u nm
(363,612,130)
(0.10)
Chnh lch
54,390,948,754.00
Tng
i
25.84
Tuyt i
(363,612,130.00)
177,329,015,115
118,325,834,606
49.56
45.04
59,003,180,509.00
49.87
104,003,936,065
100,583,481,748
29.07
38.29
3,420,454,317.00
3.40
36,553,131,183
4,527,480,562
10.22
1.72
32,025,650,621.00
707.36
36,771,947,837
13,214,872,296
10.28
5.03
23,557,075,541.00
178.26
37,590,982,845
37,590,982,845
75,836,267,467
75,836,267,467
10.51
10.51
28.87
28.87
(38,245,284,622.00) (50.43)
(38,245,284,622.00) (50.43)
9,615,049,650
10,324,390,461
2.69
3.93
(709,340,811.00)
28,571,429
560,359,974
0.01
5,624,439,475
758,320,256
0.16
(6.87)
28,571,429.00
2.14
0.21
(5,064,079,501.00)
(90.04)
758,320,256.00
8,267,979,991
4,699,950,986
2.31
1.79
3,568,029,005.00
75.92
92,921,713,388
52,193,604,496
25.97
19.87
40,728,108,892.00
78.03
0.00
67,642,333,000
44,275,405,917
18.90
16.85
23,366,927,083.00
52.78
39,927,889,043
43,160,837,792
11.16
16.43
(3,232,948,749.00)
(7.49)
63,462,743,935
63,093,800,640
17.74
24.02
368,943,295.00
0.58
(7.59)
(3,601,892,044.00)
18.07
296,700,000
296,700,000
0.08
0.11
0.00
0.00
296,700,000
296,700,000
0.08
0.11
0.00
0.00
27,417,743,957
817,868,125
7.66
0.31
26,599,875,832.00
3252.34
10
BO CO THC TP
bn d dang
III.Bt ng sn u t
IV.Cc khon u t
ti chnh di hn
1.u t vo cng ty
lin kt lin doanh
V.Ti sn di hn khc
1.Chi ph tr trc di
hn
5,800,405,808
3,750,000,000
1.62
1.43
2,050,405,808.00
54.68
5,800,405,808
3,750,000,000
1.62
1.43
2,050,405,808.00
54.68
19,478,974,580
4,168,198,579
5.44
1.59
15,310,776,001.00
367.32
19,478,974,580
4,168,198,579
5.44
1.59
15,310,776,001.00
367.32
Tng cng ti sn
Ngun vn
A.N phi tr
I.N ngn hn
1.Vay v n ngn hn
2.Phi tr ngi bn
3.Ngi mua tr tin
trc
4.Thu v cc khon
phi np Nh nc
5.Phi tr cng nhn
vin
6.Chi ph phi tr
7.Cc khon phi tr,
phi np khc
II.N di hn
1.Vay v n di hn
2.D phng tr cp
mt vic lm
B.Ngun vn ch s
hu
I.Vn ch s hu
1.Vn u t ca ch
u t
2.Thng d vn c
phn
3.Qu u t pht trin
4.Qu d phng ti
chnh
5.Li nhun cha phn
phi
II.Ngun kinh ph v
qu khc
1.Qu khen thng
phc li
357,803,513,581
262,684,455,935
100.0
0
100.0
0
95,119,057,646.00
36.21
253,676,275,721
220,000,382,740
73,062,783,625
23,503,962,942
204,105,893,002
191,040,001,002
134,668,486,171
31,159,271,243
70.90
61.49
20.42
6.57
77.70
72.73
51.27
11.86
49,570,382,719
28,960,381,738
(61,605,702,546)
(7,655,308,301)
24.29
15.16
(45.75)
(24.57)
20,998,286,472
9,085,963,604
5.87
3.46
11,912,322,868
131.11
3,624,714,637
7,323,958,984
1.01
2.79
(3,699,244,347)
(50.51)
0.00
0.00
5,400,000
5,400,000
3,303,773,580
1,559,191,483
0.92
0.59
1,744,582,097
111.89
95,501,464,484
7,243,129,517
26.69
2.76
88,258,334,967
1218.51
33,675,892,981
33,605,468,081
13,065,892,000
13,065,892,000
9.41
9.39
4.97
4.97
20,610,000,981
20,539,576,081
157.74
157.20
0.02
0.00
70,424,900
70,424,900
104,127,237,860
58,578,562,933
29.10
22.30
45,548,674,927
77.76
103,923,585,525
58,436,698,513
29.04
22.25
45,486,887,012
77.84
85,220,000,000
50,000,000,000
23.82
19.03
35,220,000,000
70.44
18,100,000,000
2,700,000,000
5.06
1.03
15,400,000,000
570.37
678,732,075
3,198,732,075
0.19
1.22
(2,520,000,000)
(78.78)
234,024,250
170,031,278
0.07
0.06
63,992,972
37.64
(309,170,800)
2,367,935,160
(0.09)
0.90
(2,677,105,960)
(113.06)
203,652,335
141,864,420
0.06
0.05
61,787,915
43.55
203,652,335
141,864,420
0.06
0.05
61,787,915
43.55
357,803,513,581
262,684,455,935
100.0
0
100.0
0
95,119,057,646
36.21
Qua bng phn tch tnh hnh bin ng ti sn v ngun vn ta thy t tng ti sn
(tng ngun vn) ca doanh nghip cui nm so vi u nm tng 95,119,057,646
ng, tng ng vi 36.21%.
11
BO CO THC TP
12
BO CO THC TP
Nm 2007
572,736,463,304
39,138,835,474
23,318,328,541
638,602,971,513
89.69%
Chnh lch
7.35%
61.14%
74.12%
9.43%
2.74%
9.78%
3.32%
T nm 2006 n nm 2007 gi vn hng bn tng 7.35%. Trong khi doanh thu thun
v bn hng v cung cp dch v tng 9.43%. Nm 2006 gia vn hng bn bng
92.43% so vi doanh thu thun th nm 2007 gim 2.74% cn 89.69%. Hot ng
bn hng v cung cp dch v ca doanh nghip nm 2007 c m rng hn so
vi nm 2006 v to ra nhiu doanh thu hn. Li nhun gp theo cng tng t hn
50 t ng ln gn 66 t ng (tng 31.67%)
D vy chi ph bn hng v qun l doanh nghip nm 2007 li tng cao t bin
mc 61.14% v 74.12% nn nm 2007 tng chi ph bn hng v qun l doanh nghip
chim ti 9.78% doanh thu thun, tng thm 3.32%.Qua bo co lu chuyn tin t
cng thp c tin tr cho ngi cup cp hng tng 10.12% cng vi tin chi khc
cho hot ng kinh doanh tng 188.55%.
Ch tiu
Thu nhp hot ng ti chnh
Chi ph hot ng ti chnh
Li nhun hot ng ti chnh
Nm 2006
Nm 2007
7,619,954,304
13,091,464,724
-5,471,510,420
9,088,954,947
11,354,437,938
-2,265,482,991
Chnh
lch
19.28%
-13.27%
58.59%
Thu nhp t hot ng ti chnh tng trong khi chi ph cho hot ng ny gim
13.27% nn li nhun ti chnh thu c nm 2007 tng 58.59%. Mc d vy y
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BO CO THC TP
Nm 2006
407,146,850
116,766,494
290,380,356
Nm 2007
40,039,867
1,084,896,878
-1,044,857,011
Chnh lch
-90.17%
829.12%
-459.82%
Qua bng phn tch ta thy nm 2006 cc hot ng khc ca doanh nghip to ra
290,380,356 ng li nhun. Tuy nhin n nm 2007 thu nhp khc gim 90.17%
cn chi ph khc tng n hn 1 t ng v vy hot ng khc ca cng ty b thua l
rt nng. y l do nhng sai phm ca Tng gim c trong 2 nm 2005 v 2006
kin cng ty tht thot hng t ng. Vic chi ph khc nm 2007 tng t bin l do
hch ton sai ca k trc.
Nm 2007
Nm 2006
741,781,280,711
720,321,161,387
(496,081,292,862)
(8,759,268,548)
(7,178,025,904)
(656,097,143)
280,392,485,234
(219,671,099,369)
289,827,982,119
(450,504,982,805)
(8,885,632,638)
(9,683,450,180)
(1,049,206,742)
(2,247,551,000)
92,465,391,188
(76,129,922,500)
267,582,564,452
(40,103,748)
(147,199,921)
4,529,885,967
3,440,575,477
2,427,412,381
32,661,460
24,939,392,000
(2,000,000,000)
(2,645,500,000)
19,950,309,983
BO CO THC TP
(257,958,323,919) (315,058,981,654)
(3,942,232)
(259,958,323,919 (272,818,721,903
)
)
33,310,233,677
(5,203,495,991)
5,916,358,906
11,119,854,897
39,226,592,583
5,916,358,906
15
BO CO THC TP
Nm 2006
1.102
0.650
0.031
Nm 2007
1.204
0.984
0.178
0.8
0.6
0.4
0.2
0
BO CO THC TP
Nm 2006
2.222
13.181
30.002
11.999
7.036
51.169
Nm 2007
1.785
9.441
14.229
25.301
15.236
23.628
S vng qua ti sn
S vng quay ti sn c nh
S vng quay vn lu ng
S vng quay hng tn kho
Artexport Generalaxim
BO CO THC TP
2.2.3. Kh nng tr n:
T l n/ ti sn
T l vn ch s hu/ ti sn
T l n phi tr/ vn ch s hu
H s chi tr li vay
Nm 2006
77.7
22.3
348.4
1.819
18
Nm 2007
70.9
29.1
243.6
1.013
BO CO THC TP
T l n/ti sn
150
T l VCSH/ti sn
100
T l n phi tr/VCSH
50
0
Artexport Generalaxim
- T l n/ tng ti sn:
T l n trn tng ti sn ca cng ty lun mc trn 70% qua 2 nm lin tip (nm
2007 l 0.709 cao hn so vi Generalaxim). iu cho thy t l n lun chim mt
t l ln trong tng ti sn, iu ny dn n nhng ri ro trong kh nng thanh ton
trong di hn v thanh khon trong ngn hn cho Artexport. Ngc li t s n cao
gip cho cng ty c th tn dng c n by ti chnh ni chung gia tng kh
nng sinh li. V t l n/ tng ti sn mc cao nn nm 2007 doanh nghip cng
gp kh khn trong vic vay thm tin.
- T l vn ch s hu/ ti sn:
T l VCSH/ ti sn ca Artexport nm 2006 l 22.3% v nm 2007 tng n 29.1.
Nm 2007 mc d t l VCSH/ ti sn tng nhung so snh vi t l 32.9 ca
Generalexim th vn cn thp hn.Qua ta thy c ngun vn ch s hu ca
Artexport chim mt t l cn thp so vi tng ti sn hay kh nng t ti tr cho vn
lu ng rng l thp nn mc ri ro trong hot ng sn xut kinh doanh l tng
i cao.
-T l n phi tr/ vn ch s hu:
Qua 2 nm ta thy t s n phi tr trn vn ch s hu lun duy tr mc cao 3.484
v 2.463. Trong khi nm 2007, Generealexim t l ny l 2.035 thp hn so vi
Artexport. iu ny c th c gii thch bi n ngn hn lun chim mt t l rt
cao so vi cc khon n (nm 2006 l 72.73%, nm 2007 l 61.49%). S liu ny mt
ln na cho thy mc ri ro cao trong chin lc kinh doanh ca Artexport cng
nh doanh nghip cng ngnh Generalexim.
- H s chi tr li vay:
H s chi tr li vay nm 2006 l 1.819 trong khi nm 2007 ch cn 1.013. iu
cho thy chi ph tr li vay chim t l ln so vi EBIT. Doanh nghip ang ng
trc nhng kh khn ln ca vic tr n. Mc tng doanh thu thp hn mc tng ca
cc khon chi ph khin cho li nhun gim. Nm 2007 li nhun sau thu ch cn
hn 85 triu ng (gim 83 ln).
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BO CO THC TP
Nm 2006
8.57
1.18
1.23
2.73
Nm 2007
10.31
0.18
0.01
0.02
12.23
0.08
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BO CO THC TP
3. nh gi chung:
3.1. im mnh:
T nm 2006 n nm 2007 hot ng kinh doanh ca cng ty c nhiu chuyn
bin, cng ty tng bc m rng kinh doanh th hin mc tng kim ngch xut
khu tng 15,23% t 39,251,670 USD. l v cc doanh nghip Vit Nam ni
chung v Artexport ni ring c c rt nhiu thun li sau khi Vit Nam gia nhp
WTO. Bn cnh , mt hng th cng m ngh - mt trong s ngnh c nh gi
l c nhiu tim nng pht trin bn vng, xut khu ln v c t sut li nhun cao v
th cng m ngh l ngnh hng xut khu c t l ngoi t ln hn hn cc ngnh
ngh khc, do ch yu sn xut t ngun nguyn liu sn c trong nc.
Ba xng sn xut sn phm thu, gm v g trc thuc cng ty gip Artexport
ch ng hn trong ngun cung mt hng. Sn phm c mu m a dng, cht lng
c m bo to c uy tn vi khch hng.
Thng qua vic phn tch tnh hnh ti chnh ca cng ty chng ta cng thy c
cng ty ang n lc gim c mc tn ng ti sn lu ng bng cch gim ng
k lng hng tn kho tit kim chi ph ng thi gia tng tin v cc khon tng
ng tin ci thin hn na kh nng thanh ton.
c bit trong thng 7 nm 2007, Artexport s c thm mt s cng ty thnh vin
trong c:
- Cng ty CP Bt ng sn Artexport (tn ting Anh: Artexport Land)
- Cng ty CP u t v xy dng Artexport (tn ting Anh: Artexport Construction)
- Cng ty CP Chng khon Artexport (tn ting Anh: Artexport Securities)
Vic gia tng u t di hn, u t vo cc cng ty thnh vin c cng ty k vng
to ra ngun li nhun ln trong tng lai ng thi a dng ha ngnh ngh kinh
doanh ca cng ty
3.2. Hn ch v nguyn nhn:
Tuy nhin, li nhun sau thu nm 2007 gim t ngt cho thy nhiu bt cp cn tn
ti trong doanh nghip. Bn cnh nhng im mnh c c t ngnh ngh v mi
trng kinh doanh cng nh nhng n lc trong thi gian qua ca cng ty, Artexport
cn phi i mt vi hng lot cc kh khn.
u tin phi k n tnh trng cng n qu cao dn n mt cn i ngun vn ca
cng ty. Mc d n lc trong vic tng tin mt, cc khon u t ngn hn v
gim lng hng tn kho ci thin kh nng thanh ton nhng vic n ngn hn
lun mc cao khin kh nng thanh ton ca Artexport l khng my sng sa.
ng thi cc khon phi thu cng t hn so vi n phi tr. Mc d c gng thu
hi n nhng t trng cc khon phi thu trong tng ti sn lu ng li c xu hng
tng cho thy tnh trng thu hi n kh i ca Artexport cha t c hiu qu nh
mong i.
Th hai l n lc gim mc ti sn lu ng bng cch gim lng hng tn kho
tit kim chi ph nhng Artexport li s dng khng hiu qu cc ngun chi ph khc
nh chi ph bn hng, chi ph qun l doanh nghip. Trong nm 2007, 2 chi ph trn
tng cao khin li nhun thun t hot ng kinh doanh gim i ng k. Bn cnh
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22
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http://www.generalexim.com.vn
6. Bo co ti chnh nm 2007 ca cng ty Artexport.
7. Bn cn i k ton v bo co kt qu kinh doanh nm 2007 ca cng ty
Generalexim.
24