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SD9: Board Resolution
Song Da 9 JSC announces the Board Resolution approved on 4/2/2009 as follows:
1. 2008 Operating results:
|
No. |
Items |
Unit |
2008 business plan |
Completed in 2008 |
% completed |
|
1 |
Production |
VND bil. |
480,000 |
668,075 |
139 |
|
- Construction |
VND bil. |
407,973 |
626,873 |
154 |
|
- Others |
VND bil. |
72,027 |
41,202 |
57 |
|
2 |
Revenue |
VND bil. |
470,000 |
610,635 |
130 |
|
3 |
Cash |
VND bil. |
523,469 |
625,012 |
119 |
|
4 |
Profit |
VND bil. |
35,128 |
59,185 |
161 |
|
5 |
Profit/revenue ratio |
% |
7.47 |
6.69 |
130 |
|
6 |
Profit/charter capital ratio |
% |
23.42 |
39.45 |
168 |
|
7 |
Fixed asset depreciation |
VND bil. |
65,000 |
62,646 |
96 |
|
8 |
Payables to the State |
VND bil. |
25,000 |
30,316 |
121 |
|
9 |
Average income |
VND mil. |
3,000 |
4,041 |
135 |
2. 2009 operating plan:
a. Economic items:
|
No. |
Items |
Unit |
2008 business plan |
QIV.2009 business plan |
|
1 |
Production |
VND bil. |
560,000 |
120,000 |
|
- Construction |
VND bil. |
560,000 |
120,000 |
|
- Others |
VND bil. |
|
|
|
2 |
Turnover |
VND bil. |
600,000 |
130,000 |
|
3 |
Revenue |
VND bil. |
545,454 |
118,182 |
|
4 |
Cash |
VND bil. |
612,500 |
150,435 |
|
5 |
Profit |
VND bil. |
57,000 |
15,012 |
|
6 |
Profit/revenue ratio |
% |
10.45 |
12.70 |
|
7 |
Profit/charter capital ratio |
% |
38.00 |
10.01 |
|
8 |
Average income |
VND bil. |
3,501 |
3,221 |
|
9 |
Payables to the State |
VND bil. |
31,972 |
7,117 |
b. 2009 investment plan: VND 127.92 bil.
c. Progress target:
Son La hydro power: completing RCC blocks L1, L2, L3, R1, R2 to V146.7m with volume of 685,000m3.
Xekaman 3 hydro power: completing stemming surface concrete to V961m.
Huoi Quang hydro power: completing plant diversion channel, downstream cofferdam, left shoulder to V374…
Su Pan 2 hydro power: plant pit and outlet channel, OPY pit
Xekaman 4: construction road, subgrading…
3. Expected dividend payout ratio: 15% in cash
4. Targets to supplement in appendix to sign 2009 contract with the General Manager.
5. Solutions:
Enterprise renovation:
- Apply management softwares in all units, apply material management software in the company.
- Arrange human resources to apply piece work system in which salary will be paid according to work.
- Improve training and recruitment activities to meet the requirement of production and business of the company.
- Economic planning:
- Sign construction contracts with feasible payment
- Speed up investors soon approve budget statement of Xekaman 3, Nam Chien, Nam Ngan hydro power projects.
- Get approval for RCC norm in Son La hydro power project.
- Work with investors to settle difference in price, material indemnification.
- Examine accounting, manager leasing contracts of affiliations in 2008
Technical and labour safety:
- Complete technical files of items of Tuyen Quang, Cua Dat, Su Pan 2, Nam Chien hydro power project.
- Improve marketing in tender to seek more jobs for feasible projects.
Investment:
- Carry out Nam Khanh, Ghenh Chang hydro power project
- Seek a small size hydro power project with investment license.
- Trung Son Tram urban project.
- Tan TAo urban project – Binh Tan district – Ho Chi Minh city
Accounting:
- Keep close control of the expenses.
- Draw up plan for capital mobilization and using for every project.
- Speed up the capital recovery, debt recovery.
- Review credit contracts to negociate interest adjustment
Machines and materials:
- Improve operation coefficient of machines and improve their efficiency.
- Use equipment and material management software in the company.
- Settle the inventory material problem, balancing the using among units in the company to have an inventory less than VND 10 bil. at the end of the year.
HaSTC
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