Fsa 10e Insividual Asignment

NAM KIM STEEL JOINT-STOCK COMPANY

I- Overview of Nam Kim Steel Joint-stock Company

Nam Kim Steel was officially established on 23/12/2002 in Binh Duong. The core business of Nam Kim Steel is manufacturing and distributing hot-dip 55% Zinc-Aluminum alloy coated steel sheet in coil, hot-dip Zinc coated steel sheet in coil, color coating steel sheet in coil and other industrial products. These products are mainly applied in the field of industrial and civil construction, interior – exterior decoration and handicraft goods, electro mechanics manufacturing, precision engineering and stamping steel products.

Nam Kim Steel products are produced by state of the art technology & machine which were delivered and installed by POSCO Group (South Korea) and other large steel groups in the world, with the highest quality materials, which imported from industrialized countries.

Beside, Nam Kim Steel also invested 100% of the new steel coil processing line (Coil Center) and Nam Kim 2 Steel Factory with the most advanced technologies from developed countries in the world. This is a strategic business activity to meet the diverse increasing needs of the market. Nam Kim Coil Center can cut steel coils into flat sheets and cut into smaller rolls as required with great accuracy.

II- Financial Statement Analysis

In 2011, Nam Kim Steel Joint stock Company faced serious issues with large debts, resulting in a sharp decline in income and stock price. In this report, we will consider 3 main elements of this company, which are its scale and liquidity, profitability, and financial capability to clarify the problem. The data will be in the 3 recent years, 2009-2011.

1. Scale and Liquidity

(VND)

2011 2010 2009

ASSETS Current assets

Inventory 1,251,306,430,137

802,681,586,675 1,345,631,020,739

665,225,713,576 742,053,915,350

462,136,796,399

Long-term assets 688,714,170,797 285,105,213,040 142,477,140,662

Total assets 1,940,020,600,934 1,630,736,233,779...