1

PHN 1
TNG QUAN V CNG TY C PHN NG NINH HA
1.

Gii thiu tng quan v Cng ty C phn ng Ninh Ha

Tn giao dch: CNG TY C PHN NG NINH HA

Tn ting Anh: NINH HOA SUGAR JOINSTOCK COMPANY (NSC)
Tr s giao dch: Thn Phc Lm, X Ninh Xun, Huyn Ninh Ha, Tnh
Khnh Ha
in thoi: 058.224.57.90

Fax: 058.362.01.43

Email: nscjoinstock@vnn.vn
Website: www.ninhhoasugar.com.vn
Ch tch Hi ng qun tr: ng Phm nh Mnh Thu
Gim c: B Nguyn Th Hoa
Vn iu l: 81.000.000.000 VND ( tm mi mt t ng)
Khi lng c phiu ang nim yt: 8.100.000 c phiu
Khi lng c phiu ang lu hnh: 8.100.000 c phiu
Hin ang nim yt trn sn chng khon Thnh ph H Ch Minh vi m chng
khon NHS
2. Qu trnh pht trin ca Cng ty C Phn ng Ninh Ha
Cng ty c phn ng Ninh Ha tin thn l Nh my ng Ninh Ha, n v trc
thuc Cng ty ng Khnh Ha. Thng 4/1994, nh my ng c khi cng xy
dng ti x Ninh Xun, huyn Ninh Ha, tnh Khnh Ha. Ngy 06/01/1996, theo quyt
nh s 27/Q-KSC ca Gim c Cng ty ng Khnh Ha, nh my ng Ninh
Ha c thnh lp vi nhim v chnh l sn xut ng t ma. n thng 4/1996, nh

2
my chnh thc i vo sn xut vi h thng thit b c cng sut thit k 1.250 tn
ma/ngy.
Ngy 10/11/2005, UBND tnh Khnh Ha ra quyt nh s 2267/Q-UB v vic
chuyn Nh my ng Ninh Ha thuc Cng ty ng Khnh Ha thnh Cng ty c
phn. n 23/08/2006, UBND tnh Khnh Ha ra cng vn s 4884/UB ND ph
duyt gi tr doanh nghip bn giao sang Cng ty c phn ng Ninh Ha.
Cng ty C phn ng Ninh Ha chnh thc i vo hot ng theo giy Chng
nhn ng k kinh doanh s 4200636590 ng k ln u ngy 02 thng 03 nm 2006,
ng k thay i ln 3 vo ngy 02 thng 11 nm 2009 do S K hoch v u t Tnh
Khnh

Ha

cp.

Tuy qu trnh hot ng cha lu song vi tinh thn khng ngng n lc phn u, di
s ch o st sao ca Hi ng Qun tr, Ban Gim c, s h tr ca cc ban, ngnh,
a phng v cc doanh nghip bn trong ngnh, Cng ty c phn ng Ninh Ha
lun duy tr c sn xut n nh, nng cao i sng vt cht v tinh thn cho cn b
cng nhn vin trong bi cnh nn kinh t Vit Nam gp nhiu kh khn do khng hong
kinht,tichnhtoncu.
3. Ngnh ngh kinh doanh ca Cng ty C Phn ng Ninh Ha
-

Sn xut ng t ma v cc sn phm ph

T chc thu mua ma cy, u t v pht trin vng nguyn liu

Thi cng xy dng cc cng trnh cng nghip, dn dng

Gia cng ch to c kh

Mua bn vt t nng nghip, mua bn phn bn;

Vn ti hng ha ng b;

Sn xut phn bn;

Kinh doanh dch v kho bi;

Sn xut v kinh doanh mua bn in.

4. Thnh qu t c trong qu trnh hot ng ca Cng ty C Phn ng Ninh

Ha

3
Tri qua mt qu trnh phn u y gian kh v th thch, Cng ty t khng
nh, ng vng v pht trin. ch quyt tm cao ca ton th Cn b CNV v Ban lnh
o

Cng

ty

li

bng

nhng

thnh

qu

sau:

+ Cng ty c t chc GlobalGROUP cp giy chng nhn t h thng qun l cht

lng theo tiu chun ISO 9001:2000 vo ngy 23/09/2008 v tiu chun ISO 9001:2008
vo

ngy

31/08/2009.

+ Cng ty c B Trng B Nng nghip v PT Nng thn tng Bng khen c Thnh
tch xut sc trong v SX Kinh doanh ma ng nin v 2006-2007 vo ngy
31/12/2007; B Trng B Cng Thng tng Bng khen Hon thnh xut sc nhim v
cng tc nm 2008 vo ngy 2/02/2009; B Trng B Ti chnh tng Bng khen c
Thnh tch thc hin tt chnh sch thu nm 2008 vo ngy 27/07/2009.
+ Cng ty c ban TC chng trnh Vinh Danh Doanh nghip hi nhp WTO cp giy
chng nhn t gii thng Qu cu Vng nm 2008 vo ngy 16/01/2009
+ Nm 2009, Cng ty c ngi tiu dng bnh chn qua cuc iu tra do Bo Si Gn
Tip Th T chc t danh hiu hng Vit Nam Cht lng cao nm 2009
+ Cng ty c UB tiu chun TPVN, Hi KH&CN LTTPVN, Cng ty CP Hi ch v
Thng mi Quc T - INEACO, Cng ty Hi ch trin lm Bc h , Trung Tm xc tin
Thng mi v u t cng ngh INVESCEN tng Huy chng vng v Danh hiu
Thc Phm cht lng v An ton sc khe cng ng v Cp vng Thng hiu An
ton v sc khe cng ng vo ngy 06/05/2008.

4
5. C cu t chc b my Cng ty C Phn ng Ninh Ha
S C CU T CHC B MY QUN L
CNG TY C PHN NG NINH HA

i hi ng c ng

Ban kim sot

Hi ng qun tr

Gim c

Phng k hoch kinh daonh

Phng Ti chnh k ton

Phng t chc hnh chnh

Phng k thut

Phng kim nghim

Phng nguyn liu

6. Kt qu hot ng kinh doanh nm Cng ty C phn ng Ninh Ha

CNG TY C PHN NG NINH HA

Thn Phc Lm, X Ninh Xun, Huyn Ninh Ha, Tnh Khnh Ha

BNG CN I K TON
Ngy 31 thng 12 nm 2009
vt: ng
TI SN
A. TI SN NGN HN
I. Tin v cc khon tng ng tin
1. Tin
2. Cc khon tng ng 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. Phi thu ngn hn
1. Phi thu khch hng
2. Tr trc cho ngi bn
3. CC khon phi thu khc
4. D phng phi thu kh i
IV. Hng tn kho
1. Hng tn kho
2. D phng gim gi hng tn kho
V. Ti sn ngn hn khc
1. Chi ph tr trc ngn hn
2. Thu GTGT c khu tr
3. Ti sn ngn hn khc
B. TI SN DI HN
I. Phi thu di hn
II. Ti sn c nh
1. Ti sn c nh hu hnh
- Nguyn gi TSC
- Hao mn ly k
2. Ti sn c nh v hnh
- Nguyn gi
- Hao mn ly k
3. chi ph xy dng d dang
III. Bt ng sn u t
IV. Cc khon u t ti chnh di hn
1. u t lin doanh li kt
2. u t ti chnh di hn
3. D phng gim gi u t ti chnh di hn
V. u t di hn khc
1. Chi ph tr trc di hn
2. Ti sn di hn khc
TNG TI SN

MS
100
110
111
112
120
121
129
130
131
132
135
139
140
141
142
150
151
152
158
200
210
220
221
222
223
227
228
229
230
240
250
251
258
259
260
261
262
270

THUYT
MINH

31/12/2009
97,789,436,344
4,756,345,963
4,756,345,963
-

5
6

56,490,775,467
365,093,801
49,493,131,488
6,718,687,595
(86,137,377)
34,487,789,949
34,487,789,949

7
8
9

10

11

12

13

14
15
16
17
18

31/12/2008
66,696,723,959
167,967,467
167,967,467
11,585,286,400
25,518,921,240
(13,933,634,840)
48,026,465,146
112,668,350
47,913,654,235
142,561

2,094,552,235
24,471,131
30,090,096
2,039,911,008
113,050,865,682

6,069,665,998
6,111,945,525
42,297,527
849,338,418
126,248,325
437,549,433
285,541,160
68,549,579,525

83,738,099,566
80,913,987,218
112,147,304,249
(31,233,317,301)
107,302,653
123,810,753
(16,508,100)
2,716,719,695

66,105,020,806
62,090,277,417
84,573,699,916
(22,483,422,499)
111,429,678
123,810,753
(12,381,075)
3,903,313,711

28,638,409,282
7,602,319,791
29,896,319,379
(8,860,048,888)
674,446,834
601,146,834
73,300,000
210,840,329,026

1,671,133,283

1,671,133,283
827,425,436
782,125,436
45,300,000
135,248,303,484

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 ngi lao ng
6. Chi ph phi tr
7. Cc khon phi tr, phi np ngn hn 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 s hu
2. Chnh lch t gi ngoi t
3. Qu u t pht trin
4. Qu d phng ti chnh
5. Li nhun sau thu cha phn phi
II. Ngun kinh ph v qu khc
1. Qu khen thng v phc li
2. Ngun kinh ph khc
TNG NGUN VN

MS
300
310
311
312
313
314
315
316
317
330
334
336
400
410
411
412
414
418
420
430
431
432
440

THUYT
MINH

19

20
21
22
23

24
24
24
24
24

31/12/2009
52,007,967,140
42,283,044,140
15,271,166,600
151,089,214,396
171,993,165
7,899,353,640
2,770,776,575
199,137,130
862,406,634
9,724,923,000
9,616,666,800
108,256,200
158,832,361,886
151,959,154,822
67,784,000,000
(134,803,445)
53,428,068,920
6,778,400,000
24,103,489,347
6,873,270,064
6,873,270,064
210,840,329,026

31/12/2008
28,711,480,798
25,721,440,558
14,854,500,000
3,224,146,266
90,031,000
2,127,189,047
2,548,985,786
98,662,017
2,777,926,442
2,990,040,240
2,884,500,000
105,504,240
106,536,822,686
104,628,282,727
67,784,000,000
28,904,237,489
4,280,403,429
3,659,641,809
1,908,539,959
1,908,539,959
135,248,303,484

CNG TY C PHN NG NINH HA

Thn Phc Lm, X Ninh Xun, Huyn Ninh Ha, Tnh Khnh Ha

BO CO KT QU HOT NG KINH DOANH

Cho nm ti chnh kt thc ngy 31 thng 12 nm 2009
vt: ng
CH TIU
1. Doanh thu bn hng v cung cp dch v
2. Cc khon gim tr doanh thu
3. Doanh thu thun v bn hng v cung cp dch v
4. Gi vn hng bn
5. Li nhun gp v bn hng v cung cp dch v
6. Doanh thu hot ng ti chnh
7. Chi ph ti chnh
trong : Li vay
8. Chi ph bn hng
9. Chi ph qun l doanh nghip
10. Li nhun thun t hot ng kinh doanh
11. Thu nhp khc
12. Chi ph khc
12. Chi ph khc
14. Tng li nhun k ton trc thu
15. Chi ph thu thu nhp doanh nghip hin hnh
16. Chi ph thu thu nhp hon li
17. Li nhun sau thu TNDN
18. Li c bn trn c phiu

M
S
01
02
10
11
20
21
22
23
24
25
30
31
32
40
50
51
52
60
70

THUY
T MINH
25

26
27
28

29
30
31
31
31
32

NM 2009

NM 2008

282,977,956,768
282,977,956,768
206,601,622,003
76,376,334,765
4,585,269,433
(2,369,185,006)
965,986,332
5,191,935,019
7,624,392,848
70,775,462,137
789,956,021
262,555,391
527,400,630
71,302,862,767
7,071,806,188
64,231,056,579
9,476

266,516,510,996
266,516,510,996
205,938,463,122
60,578,047,874
5,737,958,450
17,194,151,421
3,260,270,166
6,269,407,263
6,555,916,962
36,296,530,678
190,548,225
36,403,960
154,144,265
36,450,674,943
5,104,866,480
31,345,808,463
4,624

CNG TY C PHN NG NINH HA

Thn Phc Lm, X Ninh Xun, Huyn Ninh Ha, Tnh Khnh Ha
BO CO LU CHUYN TIN T
Cho nm ti chnh kt thc ngy 31/12/2009
vt: ng
CH TIU

MS

Nm 2009

Nm 2008

I. Lu chuyn tin t hot ng kinh doanh

1. Tin thu t bn hng, cung cp dch v v doanh thu khc
2. Tin chi tr cho ngi cung cp hng ha v dch v

01
02

284,404,204,696
(208,867,590,864)

250,840,769,712
(192,423,917,837)

3. Tin chi tr cho ngi lao ng

4. Tin chi tr li vay
5. Tin chi np thu thu nhp doanh nghip
6. Tin thu khc t hot ng kinh doanh
7. Tin chi khc cho hot ng kinh doanh
Lu chuyn tin thun t hot ng kinh doanh

03
04
05
06
07
20

(15,788,292,197)
(1,014,558,649)
(2,088,471,445)
22,173,138,846
(37,361,285,767)
41,457,144,620

(10,090,883,055)
(3,260,270,166)
(3,016,395,035)
752,687,381
(10,936,359,681)
31,865,631,319

II. Lu chuyn tin t hot ng u t

1.Tin chi mua sm, xy dng TSC v cc ti sn di hn khc
2.Tin chi cho vay, mua cc cng c n ca n v khc
3.Tin thu hi cho vay, bn li cc cng c n ca n v khc
4.Tin chi u t gp vn vo n v khc
5.Tin thu hi u t gp vn vo n v khc
6.Tin thu li cho vay, c tc v li nhun c chia
Lu chuyn tin thun t hot ng u t

21
23
24
25
26
27
30

(23,711,889,518)

(9,001,363,487)
(13,800,000,000)
8,800,000,000
(1,775,580,000)
-

III. Lu chuyn tin t hot ng ti chnh

1.Tin vay ngn hn, di hn nhn c
2.Tin chi tr n gc vay
3. C tc, li nhun tr cho ch s hu
Lu chuyn tin thun t hot ng ti chnh

33
34
36
40

91,970,000,000
(84,821,166,600)
(10,438,906,000)
(3,290,072,600)

70,420,000,000
(72,934,500,000)
(15,319,014,000)
(17,833,514,000)

Lu chuyn tin thun trong k (50 = 20+30+40)

50

4,588,378,466

(1,123,202,318)

Tin v tng ng tin u k

nh hng ca thay i t gi hi oi quy i ngoi t

60
61

167,967,497
-

1,291,169,815
-

Tin v tng ng tin cui k (70 = 50+60+61)

70

4,756,345,963

167,967,497

5,000,000,000
(16,509,045,199)
342,000,000
1,300,241,163
(33,578,693,554)

621,623,850
(15,155,319,637)

PHN 2
PHN TCH CU TRC TI CHNH
V NH HNG CA CU TRC TI CHNH N
KT QU V RI RO TRONG HOT NG KINH DOANH
1. Phn tch tng qut tnh hnh ti chnh hin ti ca Cng ty C Phn ng Ninh
Ha
1.1 Phn tch cu trc ti chnh Cng ty C Phn ng Ninh Ha
Cu trc ti chnh ng vai tr quan trng trong hot ng sn xut kinh doanh
ca ton doanh nghip trong mi thi k pht trin. Do , vic phn tch cu trc ti
chnh ca doanh nghip nh gi nhng bin ng v ti sn v ngun vn din ra
trong qu trnh sn xut kinh doanh l mt bin php c s nh gi hiu qu s dng
cc ngun lc ti doanh nghip.
1.1.1 Phn tch cu trc ti sn Cng ty C Phn ng Ninh Ha
BNG 2.1: BNG PHN TCH CU TRC TI SN
vt: ng
TI SN

MS

31/12/2009
S tin

A. TI SN NGN
HN
I. Tin v cc khon
tng ng tin
1. Tin
2. Cc khon tng ng
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. Phi thu ngn hn
1. Phi thu khch hng
2. Tr trc cho ngi
bn
3. Cc khon phi thu
khc
4. D phng phi thu kh
i
IV. Hng tn kho
1. Hng tn kho
2. D phng gim gi
hng tn kho

31/12/2008
T
trng

CHNH LCH
T
trng

S tin

S tin

T trng

100

97,789,436,344

46.38

66,696,723,959

49.31

31,092,712,385

46.62

110

4,756,345,963

2.26

167,967,467

0.12

4,588,378,496

2,731.71

111

4,756,345,963

2.26

167,967,467

0.12

4,588,378,496

2,731.71

112

0.00

0.00

120

0.00

11,585,286,400

8.57

-11,585,286,400

-100.00

121

0.00

25,518,921,240

18.87

-25,518,921,240

-100.00

129

0.00

(13,933,634,840)

(10.30)

13,933,634,840

-100.00

130
131

56,490,775,467
365,093,801

26.79
0.17

48,026,465,146
112,668,350

35.51
0.08

8,464,310,321
252,425,451

17.62
224.04

132

49,493,131,488

23.47

47,913,654,235

35.43

1,579,477,253

3.30

135

6,718,687,595

3.19

142,561

0.00

6,718,545,034

4,712,751.06

139

(86,137,377)

(0.04)

0.00

-86,137,377

140
141

34,487,789,949
34,487,789,949

16.36
16.36

6,069,665,998
6,111,945,525

4.49
4.52

28,418,123,951
28,375,844,424

468.20
464.27

142

42,297,527

0.03

-42,297,527

-100.00

V. Ti sn ngn hn
khc
1. Chi ph tr trc ngn
hn
2. Thu GTGT c khu
tr
3. Ti sn ngn hn khc
B. TI SN DI HN
I. Phi thu di hn
II. Ti sn c nh
1. Ti sn c nh hu
hnh
Nguyn gi TSC
Hao mn ly k
2. Ti sn c nh v hnh
Nguyn gi
Hao mn ly k
3. Chi ph xy dng d
dang
III. Bt ng sn u t
IV. Cc khon u t ti
chnh di hn
1. u t lin doanh lin
kt
2. u t ti chnh di hn
3. D phng gim gi u
t ti chnh di hn
V. u t di hn khc
1. Chi ph tr trc di
hn
2. Ti sn di hn khc
TNG TI SN

150

2,094,552,235

0.99

849,338,418

0.63

1,245,213,817

146.61

151

24,471,131

0.01

126,248,325

0.09

-101,777,194

-80.62

152

30,090,096

0.01

437,549,433

0.32

-407,459,337

-93.12

158
200
210
220

2,039,911,008
113,050,865,682
83,738,099,566

0.97
53.62
39.72

285,541,160
68,549,579,525
66,105,020,806

0.21
50.68
48.88

1,754,369,848
44,501,286,157
17,633,078,760

614.40
64.92
26.67

221

80,913,987,218

38.38

62,090,277,417

45.91

18,823,709,801

30.32

222
223
227
228
229

112,147,304,249
(31,233,317,301)
107,302,653
123,810,753
(16,508,100)

53.19
(14.81)
0.05
0.06
(0.01)

84,573,699,916
(22,483,422,499)
111,429,678
123,810,753
(12,381,075)

62.53
(16.62)
0.08
0.09
(0.01)

27,573,604,333
-8,749,894,802
-4,127,025
0
-4,127,025

32.60
38.92
-3.70
0.00
33.33

230

2,716,719,695

1.29

3,903,313,711

2.89

-1,186,594,016

-30.40

240

0.00

0.00

250

28,638,409,282

13.58

1,671,133,283

1.24

26,967,275,999

1,613.71

251

7,602,319,791

3.61

0.00

7,602,319,791

258

29,896,319,379

14.18

1,671,133,283

1.24

28,225,186,096

1,688.98

259

(8,860,048,888)

(4.20)

0.00

-8,860,048,888

260

674,446,834

0.32

827,425,436

0.61

-152,978,602

-18.49

261

601,146,834

0.29

782,125,436

0.58

-180,978,602

-23.14

262

73,300,000

0.03

45,300,000

0.03

28,000,000

61.81

270

210,840,329,026

100.00

135,248,303,484

100.00

75,592,025,542

55.89

Theo quan st bng 2.1, ta thy rng ti sn nm nay tng hn so vi nm trc

75,592,025,542 ng( tng ng 55. 89%) do s tng ln ca cc ti sn trong c hai
nhm ti sn ngn hn( TSNH) v ti sn di hn( TSDH).
V ch tiu TSNH, cc ch tiu trn bng phn tch cho thy rng hu ht cc
TSNH u tng v c th ni l tng ng k. Nguyn nhn ca iu ny l do vic m
rng sn xut ca Cng ty lm cho gi tr cc ch tiu tng ln v mt s tng ln
rt nhiu. c bit cc ch tiu nh tin vav cc khon tng ng tin, hng tn kho,
TSNH khc u c mc tng t gn 1,5 ln tr ln.
i vi ch tiu tin v cc khon tng ng tin, vo 31/12 cc khon tng
ng tin l khng c chng t cc khon tng ng tin c chuyn i thnh

tin mt v tin gi ngn hng c th p ng nhu cu chi tr ca Cng ty vo dp cui

nm.
i vi ch tiu hng tn kho, c s tng ln n 4,68 ln do hai nguyn nhn:
-

Th nht, Cng ty ang trong v sn xut th hai trong nm nn lng thnh

phm tn kho l ln.

Th hai, y l thi im cn Tt Nguyn n nn vic d tr ng phc v

nhu cu th trng l cn thit. Hn na, cng tc phn phi cho cc i l ang
trong qu trnh thc hin nn lng thnh phm tn kho hin nhin tng ln
mc cao.
Cc TSNH khc c s tng ln do s chi phi ca lch sn xut theo c th ca

ngnh. Do c s tp trung gi tr cc TSNH khc vo sn xut nh cng c dng c,

cc loi nguyn liu, lm cho ch tiu ny tng ln gn 1,5 ln.
i vi nhm TSDH, hu ht cc ch tiu u tng, thm ch tng rt mnh, trong
khi c mt s ch tiu gim nhng nh hng khng ng k n s tng trng
ca cc TSDH khc. Nhn chung, TSDH so vi u nm, gi tr TSDH tng
44,501,286,157 ng( tng ng 64,92%) do cc yu t sau tc ng:
-

Ch tiu ti sn c nh( TSC) tng thm 17,633,078,760 ng( 26,67%) do vic

u t nng cp cc my mc thit b phc v cho sn xut ng thi cc TSC
xy dng d dang( nh kho, xng) c a vo hot ng cng vi vic u
t mua thm cc phng tin vn ti lm tng gi tr TSC ca ton Cng ty.

Cng vi , vic thay i danh mc u t ti chnh, chuyn i mt phn sang

mc u t ti ngn hn thnh u t di hn lm tng gi tr TSDH ca Cng
ty thm 26,967,275,999( gp hn 16 ln) so vi u nm.

Tuy cc khon u t di hn khc c gim xung nhng khng nh hng qu

nhiu ti kt cu ti sn hin ti.
Nh vy, nh gi mt cch tng qut da trn quy m v nh hng pht trin

ca Cng ty th c cu ti sn hin ti ang tip cn mc tiu pht trin ca Cng ty trong

k hoch 5 nm( 2010 2015) m Cng ty t ra.
1.1.2 Phn tch cu trc ngun vn Cng ty C Phn ng Ninh Ha

BNG 2.2: PHN TCH KT CU NGUN VN

vt: ng
31/12/2009
NGUN VN

MS

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 ngi lao ng
6. Chi ph phi tr
7. Cc khon phi tr, phi
np ngn hn 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 s hu
2. Chnh lch t gi ngoi t
3. Qu u t pht trin
4. Qu d phng ti chnh
5. Li nhun sau thu cha
phn phi
II. Ngun kinh ph v qu
khc
1. Qu khen thng v phc
li
2. Ngun kinh ph khc
TNG NGUN VN

300
310
311
312
313

31/12/2008

52,007,967,140
42,283,044,140
15,271,166,600
151,089,214,396
171,993,165

T
trng
24.67
20.05
7.24
71.66
0.08

314

7,899,353,640

315
316

CHNH LCH

28,711,480,798
25,721,440,558
14,854,500,000
3,224,146,266
90,031,000

T
trng
21.23
19.02
10.98
2.38
0.07

23,296,486,342
16,561,603,582
416,666,600
147,865,068,130
81,962,165

81.14
64.39
2.80
4,586.18
91.04

3.75

2,127,189,047

1.57

5,772,164,593

271.35

2,770,776,575
199,137,130

1.31
0.09

2,548,985,786
98,662,017

1.88
0.07

221,790,789
100,475,113

8.70
101.84

317

862,406,634

0.41

2,777,926,442

2.05

-1,915,519,808

-68.96

330
334

9,724,923,000
9,616,666,800

4.61
4.56

2,990,040,240
2,884,500,000

2.21
2.13

6,734,882,760
6,732,166,800

225.24
233.39

336

108,256,200

0.05

105,504,240

0.08

2,751,960

2.61

400

158,832,361,886

75.33

106,536,822,686

78.77

52,295,539,200

49.09

410
411
412
414
418

151,959,154,822
67,784,000,000
(134,803,445)
53,428,068,920
6,778,400,000

72.07
32.15
(0.06)
25.34
3.21

104,628,282,727
67,784,000,000
0
28,904,237,489
4,280,403,429

77.36
50.12
0.00
21.37
3.16

47,330,872,095
0
-134,803,445
24,523,831,431
2,497,996,571

45.24
0.00
84.85
58.36

420

24,103,489,347

11.43

3,659,641,809

2.71

20,443,847,538

558.63

430

6,873,270,064

3.26

1,908,539,959

1.41

4,964,730,105

260.13

431

6,873,270,064

3.26

1,908,539,959

1.41

4,964,730,105

260.13

432
440

0
210,840,329,026

0.00
100.00

0
135,248,303,484

0.00
100.00

0
75,592,025,542

55.89

S tin

S tin

S tin

Nhn tng qut, tng ngun vn ca Cng ty tng so vi u nm

75,592,025,542 ng( tng ng 55. 89%) do s tng ln ca cc ch tiu trong nhm
N phi tr v nhm ch tiu thuc Ngun vn ch s hu. C th c th hin cc ch
tiu sau:
T sut n trn tng ngun vn u nm( HN 2008)

23,296,486,342
135,248,303,484

0,2123

T sut n trn tng ngun vn cui nm( HN 2009)

52,007,967,140

0,2470

T trng

210,840,329,026
T sut t ti tr u nm( Hcsh 2008)

106,536,822,686
135,248,303,484

0,788

T sut t ti tr cui nm( Hcsh 2009)

158,832,361,886
210,840,329,026

0,753

Nh vy, c th thy rng c s thay i trong c cu vn nhng cha ng

k. Vn ch s hu( VCSH) vn chim t trng ln d t trng c gim so vi u nm
nhng y l biu hin bt u thay i theo hng tch cc ca Cng ty kch thch
hot ng sn xut kinh doanh. Hn na, khi nhn vo kt cu ti sn ta c th d dng
nhn ra rng t l ngun vn thng xuyn( NVTX) vn ang chim n gn 80% tng
ngun vn ca ton Cng ty, cc khon vay, n ngn hn ch chim mt phn nh qua
cc con s sau:

T sut NVTX
u nm( HN 2008)

T sut NVTX
Cui nm( HN 2009)

106,536,822,686 +
=

2,990,040,240
135,248,303,484

X 100

80, 98%

X 100

79,, 04%

158,832,361,886 +
=

9,724,923,000
210,840,329,026

Qua c th thy rng quan im s dng vn ca Cng ty vn ang thin v xu

th an ton trong iu kin kinh t hin ti. Tuy nhin, trong iu kin kinh t ang c
nhng bc chuyn tch cc th Cng ty cn phi thay i tch cc hn kt cu vn hin
ti kch thch sn xut hn na.
1.1.2 nh gi cn bng ti chnh Cng ty C Phn ng Ninh Ha
Nhn vo kt qu phn tch ca hai bng phn tch trn ta thy rng cn bng ti
chnh di hn ca Cng ty lun c m bo vi kt cu ti sn hin ti. Tuy nhin vic
duy tr kt cu ti sn hin ti buc cng ty tn kh nhiu chi ph s dng cc ngun di
hn m tiu biu l chi ph li vay.

Tuy nhin, v cn bng ti chnh trong ngn hn, chng ta thy tnh hnh vo cui
nm 2009 nh sau:
BNG 2.3: NH GI CN BNG TI CHNH NGN HN
vt: ng

Vn lu ng rng
Nhu cu vn lu ng rng
Ngn qu rng

Nm 2009
55,506,392,204
66,061,240,111
-10,554,847,907

Nm 2008
40,975,283,401
44,078,529,004
-3,103,245,603

Qua phn tch cc s liu theo bng trn cho thy vo cui nm Cng ty lun gp
kh khn nht nh v cn bng ti chnh ngn hn. iu ny cho thy ngun vn lu
ng hin ti khng ti tr nhu cu vn lu ng rng cho hot ng ca cng ty. V
vy, m bo nhu cu ny Cng ty phi tng cc khon vay ngn hn do p lc v
cc khon vay ngn hn cng tng v chi ph li vay cng tng.
2. Mt s ch tiu nh gi hiu qu hot ng ca Cng ty C Phn ng Ninh
Ha v so snh vi mt s doanh nghip cng ngnh
i vi mt doanh nghip hot n theo thi v nh Cng ty C Phn ng
Ninh Ha th vic nh gi hiu qu hot ng theo cc ch s dng nh khng th phn
nh chnh xc c nhng phn no cng th hin c hiu qu ca doanh nghip ti
thi im hin ti.
2.1. Mt s ch tiu nh gi hiu qu hot ng ca Cng ty C Phn ng Ninh
Ha
Hiu sut s dng ti sn(HTS) nh gi hiu qu ca qu trnh qun l v sn xut
Doanh thu
Hiu sut s dng ti sn(HTS)

thun
Tng ti sn

282,977,956,768
=

1.64
( ln)

173,044,316,255.00
bnh qun
Nh vy c th thy rng mt ng ti sn b ra dng cho qun l v sn xut
thu v 1,64 ng doanh thu. iu ny cho thy vic s dng ti sn hin ti l c hiu

qu. Tuy nhin ch tiu ny ch phn nh c mt cch tng qut gi tr ti sn chuyn

vo trong hot ng ca Cng ty. xt s vn ng ca ti sn r rng hn, ta xt cc

ch tiu v hiu sut s dng ti sn di hn v ti sn ngn hn ca Cng ty.
Hiu sut s dng TSDH( HTSDH) th hin gi tr TSDH chuyn vo trong qu
trnh hot ng ca doanh nghip.
Doanh thu thun
HTSDH

282,977,956,768
90,800,222,603.5
0

TSDH bnh qun

3,12( ln)

Hiu sut s dng ti sn ngn hn( hiu sut s dng vn lu ng) nh gi tc

lun chuyn TSNH vo trong qu trnh hot ng ca Cng ty. Gi tr ny c nh
gi thng qua cc ch tiu:
S vng quay TSNH
(HTSNH)

S ngy 1vng quay TSNH

(NTSNH)

Doanh thu thun

TSNH bnh qun

360
HTSNH

282,977,956,768

82,243,080,151.50

360
3,44

3,44
( vng/ k)

104.63( ngy)

Cc ch tiu trn cho thy qu trnh s dng ti sn l tng i hiu qu, tuy
nhin qu trnh vn ng ca TSNH l cn cha tt so vi bnh qun ngnh. Qu trnh
vn ng ca TSNH phi y nhanh hn na nng cao hiu qu s dng ti sn ca
Cng ty trong qu trnh hot ng.
Bn cnh , cc ch s khc biu hin hiu qu kinh doanh cui cng ca Cng
ty nh:
ROS

LNST
Doanh thu thun

64,231,056,579
282,977,956,768

X 100 =

23,7%

ROA

LNST
Tng ti sn bnh qun

64,231,056,579
173,044,316,255.00

X 100 =

37,12%

Cc ch tiu trn cho thy hiu qu kinh doanh ca doanh nghip l mc tng
i do c cc khon vay chi phi. c th nh gi tt hn ta s dng ch tiu sc sinh
li cn bn( RE) ca Cng ty, nh sau:
RE

EBIT
Tng ti sn bnh qun

72,268,849,099
173,044,316,255.0

X 100 =

41,76%

0
c th nh gi r rng hn na tc ng ca kt cu ti chnh hin ti ca
cng ty n hot ng, ta xt ch tiu ROE:
ROE

LNST
VCSH bnh qun

64,231,056,579
128,293,718,775

X 100 =

50,07%

2.2. So snh cc ch tiu c bn vi mt s Cng ty cng ngnh

M
CK

S
Nhm
cng
ngnh
ty

Ma
ng

+/-

PE

EPS

ROA

ROE Beta

2.3% 5.7 5,232 14.8% 25.6%

1.9

Tng Khi
lng

Vn
th
trng
(t)

160% 212,389,443

4,014

P/B

BHS

Cng ty C
phn ng
Bin Ha

34.9+0.4(+1.2%)

5.2

6,621

12%

27%

0.6 144.81

18,531,620

647

LSS

Cng ty c
phn Ma
ng Lam
Sn

34.5+0.9(+2.7%)

4.3

7,775

21%

31%

1.5 135.45

30,000,000

1,035

NHS

Cng ty c
phn ng
Ninh Ha

37.9+0.3(+0.8%)

7.8

4,844

10%

19%

3.1 146.61

8,100,000

307

SBT

Cng ty c
phn Bourbon
Ty Ninh

11.8 0(0%)

6.3

1,866

13%

17%

1.2 179.00

141,252,330

1,667

SEC

Cng ty c
phn Ma
ng - Nhit
in Gia Lai

24.7+1.1(+4.7%)

4.7

5,052

18%

34%

2.8 192.52

14,505,493

358

( ngun: cophieu68.com, ngy 27/10/2010)

3. nh gi ri ro tim n trong hot ng kinh doanh ca Cng ty C Phn ng
Ninh Ha
3.1 Bc tch ri ro thng qua cc ch s
3.1.1 Cc ch s v ri ro kinh doanh
3.1.1.1 nhy n by kinh doanh( K)
EBIT/EBIT
K

=
DT/DT

32,557,903,99
0
16,461,445,77
2

1,978 ln

Nh vy c th thy rng ch cn EBIT thay i 1% th doanh thu ca doanh

nghip thay i 1,978%. Qua h s ny ang nm mc an ton cho php, hot ng
kinh doanh ca doanh nghip khng chu tc ng qu ln khi c s thay i ca EBIT.
3.1.1.2 H s an ton( A)
A

DT

282,977,956,76
8
76,376,334,765

DT-DTHV

3,7 ln

H s an ton cho thy ri ro trong kinh doan ca doanh nghip l khng c bi

h s an ton ca Cng ty l kh ln.\
3.1.2 Cc ch s v kh nng thanh ton
3.1.2.1 H s thanh ton tng qut
KT

Tng ti sn

Tng n phi tr

210,840,329,02
6
52,007,967,140

4,054 ln

2,313 ln

3.1.2.2 H s thanh ton hin hnh

KH

Tng TSNH
Tng n ngn hn

97,789,436,344
42,283,044,140

3.1.2.3 H s thanh ton nhanh

KN

Tng TSNH - HTK

Tng n ngn hn

97,789,436,344 - 34,487,789,949
42,283,044,140

0,184 ln

3.1.2.4 Kh nng thanh ton n ngn hn ca tin v tng ng tin

Kh nng thanh ton
n ngn hn ca tin

Tin v tng ng tin

=

Tng n ngn hn

4,588,378,466
=

42,283,044,140

0,10845 ln

v tng ng tin
3.1.2. nh gi ri ro ti chnh
KL

EBIT

72,268,849,099

74,81 ln

Chi ph li vay

965,986,332

3.2. Nguyn nhn ca vic xut hin ri ro trong doanh nghip

Qua phn tch cho thy ri ro ch xut hin kh nng thanh ton trong ngn hn ca
doanh nghip. i vi loi ri ro ny, trng hp xu nht trong ngn hn Cng ty c th
b ph sn v mt k thut; mt khc, trong di hn hn tn ti ny s buc Cng ty phi
s dng nhiu hn cc phng n vay ngn hn ti tr cho nhu cu thanh ton. Vi
hin trng thanh khon thp v vic s dng cc ngun ngn hn trang tri nhu cu
thanh khon ny s khin p lc v cn i kt cu ti chnh sao cho hp l. Khng
nhng th, trong trng hp xu nht cng ty buc phi s dng cc ngun di hn
trang tri cho cc khon ngn hn. Lc ny, chi ph s dng vn ca doanh nghip s
tng ln. Nh vy, s c mt chui ri ro h thng xut hin nu nh Cng ty khng c
ci thin ngay t lc ny, thm ch s hnh thnh cc ri ro khc.