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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Baominh Insurance Corporation (Tổng công ty Cổ phần Bảo Minh)

Main Activities: Insurance Carriers

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Company Information

Full name
Baominh Insurance Corporation

Headquarters
Quan 1, HCM city; Ho Chi Minh (municipality); South Eastern Vietnam
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Công ty TNHH Deloitte Việt Nam (2012)
Incorporation Date: November 28, 2006

Tel: +84 - 8 38294180

Company Description

Bao Minh Insurance Corporation an insurance company was established in 1994, belonging to the Ministry of Finance. It mainly offers life and non-life insurance services, as well as engages in reinsurance, damages valuation, and portfolio management. Life insurance services are engaged in the insurance of personal health and accidents, while non-life insurance services are of property, fire, explosion, vehicles, and transportation insurance.

Company Analysis

According to the Individual - Audited financial statement for the third quarter of 2012, total net operating revenues decreased with -3.65%, from VND 972,193.69 millions to VND 936,728.45 millions. The results of the period reached VND -19,824.29 millions at the end of the period against VND 10,980.38 millions last year. Return on equity (Net income/Total equity) went from 0.48% to -0.90%, the Return On Asset (Net income / Total Asset) went from 0.26% to -0.48% and the Net Profit Margin (Net Income/Net Sales) went from 1.13% to -2.12% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 83.28% compared to 77.97% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.77 to 3.61 when compared to the previous year.

Key Executives

Hoang Van Khinh Member of Board of Director
Huynh Van Thong Head of the Supervisory Board
Le Song Lai Member of Board of Director
Le Van Thanh Deputy General Director
Mai Huu Tho Vice Chairman
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Balance Sheet

Total Assets

3,982,310

4,149,542

Current Assets

2,584,411

2,812,087

Total Liabilities

1,580,029

1,840,563

Shareholders Equity

2,301,589

2,210,018

Current Liabilities

563,457

778,140

* All the accounts are in VND.
Income Statement

Total Operating Revenue

1,370,059

936,728

Net Profit (Loss)

60,806

-19,824

* All the accounts are in VND.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.53%

-0.48%

Annualised Return on Assets (ROA)

6.12%

-1.92%

Return on Equity (ROE)

2.64%

-0.9%

Annualised Return on Equity (ROE)

10.56%

-3.6%

Return on Sales (ROS)

11.5%

-5.2%

Return on Capital

1.72%

-1.73%

Gross Profit Margin

47.65%

22.32%

Operating Profit Margin

11.09%

-15.27%

Efficiency Ratios

Accounts Receivable Turnover

0.43x

0.30x

Inventory Turnover

25.18x

18.38x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

58,673

-58,199

EBITDA

58,673

-58,199

Enterprise Value / EBITDA

7.44

-6.09

Bookvalue (BV)

1,983,959

1,896,347

Liquidity Ratios

Current Ratio

458.67%

361.39%

Quick ratio

457.84%

360.73%

Doom's day ratio

46.8%

45.46%

Leverage Ratios

Leverage ratio

252.04%

225.45%

Debt to equity

68.65%

83.28%

Debt to total assets

39.68%

44.36%

Long Term Debt to Capital

0.02%

0.01%

Debt / Enterprise Value

0.69%

1.54%

Market ratios

Market Capitalization/EBITDA

10.17

-10.38