Hoàn thiện công tác thẩm định dự án tại ngân hàng thương mại cổ phần quân đội

£ LUAN VAN THAC SY KINH t HA NOI, IVAHI 2010 TRUONG DAI HOC KINH TE QUOC DAN ■ ■ 8DSoOg8G8 ■ ■ dai hoc ktqd TT TH ONG TIN TH If VI&N PHONG LUAN AN • TU LIEU BUI HAO TUAN ■ ■ ■ TAI NGAN HANG TMCP QUAN DOI CHUYfiN NGANH: KINH it dAu lU LUAN VAN THAC SY KINH TE Ngufdi hiidng dan khoa hoc: TS NGUYfiN H(5nG MINH IIA Mil NAM 2010 LOI CAM DOAN Toi xin cam doan rang day la cong trinh nghien ctru khoa hoc cua toi, co su ho tro tir TS Nguyen Hong Minh, cac dong nghiep tai Ngan hang TMCP Quan doi Cac noi dung nghien ctru va ket qua the hien Luan van la trung thirc va chua tirng duoc cong bo bat cir cong trinh khoa hoc nao Ha Noi, Z% thang Bui Hao Tuan nam.2010 LOI CAM ON De hoan ban luan van nay, toi xin chan cam on sir hirong dan tan tinh cua TS Nguyen Hong Minh, ban lanh dao Ngan hang TMCP Quan doi, cac dong nghiep tai Ngan hang TMCP Quan doi suot qua trinh nghien ciru va hoan luan van Toi xin bay to long biet on toi cac thay co giao Truong Dai hoc Kinh te Quoc dan, Khoa Kinh te dau tu, Vien dao tao Sau dai hoc, Ngan hang TMCP Quan doi da tao dieu kien va giup toi hoan luan van HaNdi,ngay thang Tac gia Bui Hao Tuan ^0 nam2010 MUC LUC • • DANH MUC CAC CHU VIET TAT DANH MUC BANG BIEU TOM TAT LUAN VAN LO’I MO DAU CHUONG CAC VAN DE LY LUAN VE THAM DINH DU AN DAU TU TAI NGAN HANG THU ONG MAI 1.1 Nhung van de ly luan ve tham dinh du- an dau tir 1.1.1 Dau tu 1.1.2 Du an dau tu 1.1.3 Tham dinh du an dau tu 1.2 Noi dung tham dinh du- an dau tu’ tai Ngan hang thuro’ng mai 1.2.1 Tham dinh su can thict phai dau tu 1.2.2 Tham dinh ve phuong dien thi truong 1.2.3 Tham dinh du an ve mat phuong dien ky thuat 10 1.2.4 Tham dinh ve bo may to chuc quan ly du an 12 1.2.5 Tham dinh du an ve mat tai chinh 12 1.2.6 Tham dinh du an ve mat kinh te xa hoi 22 1.3 Phuong phap tham dinh du- an dau tir tai Ngan hang thuong mai 23 1.3.1 Phuong phap so sanh cac chi ticu 23 1.3.2 Phuong phap tham dinh theo trinh tu 23 1.3.3 Phan tich nhay .24 1.3.4 Phan tich tinh huong 25 1.3.5 Phan tich mo phong 25 1.3.6 Phuong phap triet tieu rui ro 26 1.4 Quy trinh tham dinh du- an dau tu’ tai Ngan hang thuong mai 26 1.4.1 Quy trinh tham dinh du an tai So Giao dich, cac chi nhanh 26 1.4.2 Quy trinh tham dinh dir an doi vdi truong hap viral han mire cua Giam doc Sa Giao dich, chi nhanh 28 1.5 Cac nhan to tac dong den cong tac tham dinh du- an tai Ngan hang Thu'ong mai 29 1.5.1 Van de thong tin va xu ly thong tin 29 1.5.2 Quy trinh va cac phirang phap tham dinh 30 1.5.4 To churc cong tac tham dinh dir an 31 1.5.5 Moi truong kinh te va cac chinh sach cua Nha nude 31 CHUONG THUC TRANG CONG TAC THAM DINH DU* AN TAI NGAN HANG TMCP QUAN DOI 32 2.1 Gidi thieu ve Ngan hang TMCP Quan doi (MB) 32 2.1.1 Thanh lap va Iloat dong 32 2.1.2 Vdn di6u le 33 2.1.3 Hoi dong quan tri 33 2.1.4 Sa bo may to chuc cua Ngan hang TMCP Quan doi 34 2.1.5 Tinh hinh hoat dong cua Ngan hang TMCP Quan doi 35 2.2 Thue trang cong tac tham dinh du- an dau tu’ tai Ngan hang TMCP Quan doi 40 2.2.1 Dae diem cac dir an dau tu tai Ngan hang TMCP Quan doi moi quan he vdi cong tac tham dinh 40 2.2.2 Thue trang cong tac tham dinh du an dau tu tai Ngan hang TMCP Quan doi .43 2.3 Danh gia ve cong tac tham dinh du- an dau tir tai Ngan hang TMCP Quan doi 73 2.3.1 Nhung ket qua dat dune 73 2.3.2 Nhung ton tai can phai khac phuc cong tac tham dinh du an dau tu tai Ngan hang TMCP Quan doi 75 2.3.3 Nhung nguyen nhan gay nen nhung ton tai cong tac tham dinh du an tai Ngan hang TMCP Quan doi 78 CHUONG MOT SO GIAI PHAP NHAM HOAN THIEN CONG TAC THAM DINH DU AN TAI NGAN HANG TMCP QUAN DOI 80 3.1 Dinh huong chien lu’oc va cac giai phap thyc hien ciia Ngan hang TMCP Quan doi 80 3.1.1 Dinh huong chien luge cua Ngan hang TMCP Quan doi 80 3.1.2 Cac lTnh vuc hoat dong cua MB 81 3.1.3 Cac muc tieu tong the ve chien luge 82 3.1.4 Cac chuong trinh giai phap thuc hien chien luge 82 3.2 Mot so giai phap nham hoan thien cong tactham dinh du an dau tu tai Ngan hang TMCP Quan doi 86 3.2.1 Hoan thien cong tac to chuc tham dinh du an dau tu 86 3.2.2 Hoan thien quy trinh va phuong phap tham dinh 87 3.2.3 Hoan thien noi dung tham dinh du an dau tu 88 3.2.4 Tang cudng cong tac kiem tra tin dung khach hang 89 3.2.5 Day manh hoat dong kiem tra, kiem soat noi bo cua Ngan hang 89 3.2.6 Nang cao chat lugng doi ngu nguon nhan luc tham dinh du an 90 3.3 Mot so kien nghi, de xuat 95 3.3.1 Doi vdi Chinh phu 95 3.3.2 Doi vdi Ngan hang Nha nude Viet nam 95 KET LUAN 96 DANH MIJC TAI LIEU THAM KHAO DANH MUC CAC CHU VIET TAT MB Ngan hang TMCP Quan doi DADT Du- an dau tu- TMCP Thuong mai Co phan CIB Khoi Khach hang Ion va Dinh che tai chinh USD Dong la My VND Viet Nam dong NK Nhap khau XK Xuat khau TQ Trung Quoc VN VN ALCO Uy ban Quan ly tai san No - Co HDQT Hoi dong Quan tri T24 He thong ngan hang loi Core Banking CNTT Cong nghe thong tin DANH MUC BANG BIEU Bang so 2.1: Co cau huy dong von cua MB (2007 - 2009) 36 Bang so 2.2 : Tinh hinh tang truong du no cua MB theo loai hinhdoanh nghiep 41 Bang so 2.3 : Tinh hinh tang trudng du no cua MB theo nganh nghckinh te 42 Bang so 3.1: Chi tieu tai chinh cua MB giai doan 2008 - 2013 82 Bieu so 2.1: Von dieu le cua MB 33 Bieu so 2.2: Tinh hinh huy dong von cua MB 35 Bieu so 2.3: Tinh hinh huy dong von cua MB so vdi cac ngan hang thuong mai cung khoi 36 Bieu so 2.4: Tinh hinh hoat dong tin dung cua MB 37 Bieu so 2.5: Quy mo von dau tu cua MB 39 Bieu so 3.1: Muc tieu tai chinh cua MB giai doan2008 - 2013 82 Lai dung nhiet luong cua thai nhiet cao san sinh luc luyen coc bang Id coc dang thu hoi nhiet, qua trao ddi nhiet lo hoi nudc nhiet du, nudc ngung ket d tuabin hai duoc gia nhiet hai nudc cd tham so ky thuat phu hop, dua vao lo coc tien hanh phat dien Quy md xay dung cua Du an la to may phat dien dang ngung ket cong suat 2x15MW, lo hai nudc nhiet du 4x45t/h, toc quay 3000 vong/phut, ket hop vdi he thong cap dien, lo dien noi tiep cua nha may dien san cd tai vdi nha may san xuat than He thong cong nghe chinh bao gom: + He thong nhiet luc: la he thong tuabin hai nudc cd dang to may dang ngung ket kem theo may khu 02 dang mang quay + He thong thieu dot: Cu hai to lo coc dung chung bo he thong dudng ong tap khi, mdi dudng ong lai cd lb hoi nudc nhiet du dong bo di kem , thai co nhiet cao 950-1050 C thai tir dudng ong tap lb coc di vao lb hai nudc nhiet du de nhiet, thai nhiet thap tir 180 -200 C duoc dua vao he thong khu luu huynh, khu bui, hieu suat khu bui la 70%, va cuoi cung qua quat gid loc hut dua va ong khoi thai dai 60m + He thong nudc lam mat: lam mat am, luong nudc tuan hoan 9100m3, nhiet nudc vao 37 C, nhiet nudc 45 C + He thong xir ly nudc hoa hoc: lap dat may phat dien lb hoi nudc kem khoi nhiet du 2xl5MW, luong bay hoi nudc trung binh la 4x45t/h, ap luc hoi nudc la 3.82Mpa, nhiet hoi nudc chinh la 450 C + He thong dien: thiet bi cap dien nha xuong 6kV, 380/220V, bo tri kem cac may bien ap, he thong day dien tir may phat dien sau qua nha dien cao ap thi true tiep hoa mang, ben canh co he thong thu cap, ro le bao ve, thiet bi tu dong, mang tiep dia + He thong dieu khien: Phuong thuc dieu khien tap trung tire la cac lb, may phat dien, he thong cap nudc cung chung phong dieu khien, ap dung he thong dieu khien DCS giam sat, bao gom he thong thu thap du lieu DAS, he thong dieu khien mo phong MCS, he thong dieu khien tuan tu may bao tro SCS, thiet bi giam sat, dieu khien du bi - He thong phu tro: + Dien luc: nguon lay tir dudng 6kV thuoc tram bien the lOkV cua khu lien hop san xuat gang thep Hoa Phat, co tram phan phoi dien trung tam di cac phan xudng, cd tram bien the 2200K.W + Dien tin: he thong thong tin, he thong bao chay, he thong vo tuyen + Tir dong hoa dong ho do: bo bien dan thong minh de phong no, an mon, nhiet cao + Cap thoat nude: nude phuc vu san xuat, chua chay, thoat nude + He thong nhiet luc + Sudi am, thong gid, khu bui + He thong giam thanh, giam rung - Cong nghe thiet bi day chuyen san xuat than coke: + Cong nghe: Day chuyen cua Du an dugc thiet ke bdi Vien hoa chat so Son Tay Trung Quoc, day la vien nghien cuu bac nhat Trung Quoc va tinh Son Tay la tinh cd san lugng than rat ldn chiem 1/3 san lugng than cua Trung Quoc Dac biet tinh chat dac trung cua san xuat than nen cong ty trudc dugc cap phep dau tu cua tinh da mdi cac doan ky thuat danh gia, kiem tra cua tinh Hai Duong di sang TQ de danh gia thuc te ve cong nghe hien dai ma cong ty du kien nhap khau tir TQ, hien dang dugc sir dung hieu qua d TQ va cong nghe la sach, bao ve mdi trudng + Nha cung cap: He thong day chuyen la Cty TNHH Tap doan cong trinh cong nghe hoa chat than & Coke Tham Dac Son Tay Day la tap doan noi tieng Trung Quoc chuyen ve san xuat, thiet ke cac may moc thiet bi khai thac, san xuat than hien dai, tu van xay dung nha may san xuat than (cd chung nhan ban quyen cong nghe luyen than Coke thu hoi nhiet sach), chuyen cung cap cac thiet bi < A cong suat ldn, cong nghe cao cho thi trudng cac nude khai thac than ldn nhu An Do, Brazil, Indonesia, Viet Nam, Nam Phi Dugc lap tir nam 1987 vdi cong ty va to chuc thiet ke chuyen nghiep, da dugc rat nhieu giai thudng la cong ty di dau cong nghe cua quoc gia + Day chuyen may moc thiet bi: Day la he thong day chuyen thiet bi san xuat than Coke dang dugc danh gia la hien dai nhat Trung Quoc va dugc danh gia cao tren thi trudng TG, day chuyen dua tren cong nghe luyen Coke thu hoi nhiet sach Do khai thac va san xuat than rat o nhiem mdi trudng nen cong nghe co hieu qua rat cao bao ve mdi trudng, cac chat thai va thai khdng thai mdi trudng ma dugc dot chay va tao nhiet dien cd the cung cap phan dien cho san xuat, giup cho tiet kiem chi phi san xuat + Chuyen giao, van hanh cong nghe, day chuyen may moc thiet bi: Cong ty ky hgp dong mua trgn goi day chuyen may moc san xuat, hinh thuc “chia khoa trao tay” vi vay: Ben cung cap day chuyen se co trach nhiem lap dat toan bo va van hanh thu, bao duong, cung cap ban quyen su dung day chuyen cong nghe cho cong ty Hiep Son.Ben Hiep Son se ky hop dong thue tu van, dao tao van hanh day chuyen san xuat than Coke vdi nha cung cap Do da so cac can bo ky thuat chu chot la ngudi cua Hoa Phat, co kinh nghiem ve nganh luyen thep, cung nhu cac nguyen lieu dau vao cua luyen thep nen Cong ty Hiep Son se khong gap nhieu kho khan viec tiep nhan cong nghe - He thong cang tiep nhan, boc nguyen vat lieu, xuat pham: Duoc xay dung ben canh song Kinh Thay bao gom dien tich 12ha Theo quy hoach phat trien GTVT dudng song VN den nam 2020 va quy hoach chi tiet he thong cang dudng thuy noi dia khu vuc phia Bac den nam 2010 da duoc phe duyet Hien luong tau tren song Kinh Thay cho phep tau tai 1500 tan vao cang Nha may xi mang Phuc Son + Ben nhap nguyen lieu (than): Quy mo cho tau 500-2000 tan Giai doan 1: luong hang thong qua ben 500,000 tan/nam gom 02 ben Giai doan 2: luong hang thong qua ben 1,000,000 tan/nam gom 02 ben + Ben xuat pham (than Coke): luong hang thong qua 200,000 tan/nam, quy mo cang cho tau 1500-2000 tan, so luong 01 ben + He thong ke bao ve bd khu dat + He thong phao tieu bao hieu + Tong muc dau tu cho xay dung cang: du kien bao gom: Xay dung cang tiep nhan nguyen lieu: 50,111,200,000 VND Thiet bi cang song: 45,362,817,403VND - Danh gia tac dong moi trudng: Linh vuc khai thac, san xuat than la nganh co tac dong ldn den moi trudng Du an Nha may san xuat than cua cong ty Hiep Son da co cac bien phap xu ly tranh o nhiem moi trudng nhu sau: + Su dung he thong day chuyen san xuat than hien dai nhat cua TQ vdi cong nghe san xuat thu hoi nhiet sach: han che khoi bui thai ngoai gay o nhiem, chat boc duoc dot chay hoan toan, khong thu hoi cac san pham hoa hoc vdi cong nghe lam sach, khong san sinh nudc vdi ham luong chat hoa hoc qua trinh san xuat, nudc thai luyen duoc lang qua he thong tuan hoan + Cong trinh chap hanh cac qui pham, tieu chuan cua VN va so tieu chuan quoc te ve cac van de o nhiem sinh theo QD so 1696/QD - BKHCN 28/07/2006, so 22/2006/QD-BTNMT, co tieu chuan bat buoc sau: TCVN 5937:2005 - Chat luong khong - Tieu chuan chat lupng khong xung quanh TCVN 5938:2005 - Chat lupng khong - Nong toi da cho phep cua mot so chat doc hai khong xung quanh TCVN 5939:2005 - Chat lupng khong - Tieu chuan thai cong nghiep doi vdi bui va cac chat vo co TCVN 5940:2005 - Chat lupng khong - Tieu chuan thai cong nghiep doi vdi mot so chat huu co TCVN 5945:2005 — Nudc thai cong nghiep - Tieu chuan thai Tom lai, cac tieu chuan ve moi trudng cua Du an la tuan theo va nho hon cac TCVN ve o nhiem moi trudng cua quy dinh Nha nudc, dupc cong nhan ve cong nghe san xuat la cong nghe sach, dang dupc su dung rat nhieu tren tai cac quoc gia chuyen khai thac, san xuat than tren TG, them nua la da dupc tinh Hai Duong xem xet va chap thuan cho thuc hien Du an c) Do'n vi thietke, giam satthi cong xay dung: Cong ty CP tap doan Hoa Phat la don vi ho trp toan bo cho cong ty CP nang lupng Hiep Son viec thiet ke, thi cong thuc hien Du an Trong Cong ty Xay dung va phat trien thi thuoc Tap doan Hoa Phat la don vi thi cong Du an “Nha may san xuat than Coke” va ca du an “Khu lien hpp san xuat gang thep Hoa Phat” Tham ding hum qua ve mat tai cCing ciia dir an Ket qua kinh doanh va hieu qua tai chinh cua Du an: Gia ban du kien: 5.340.000 VND/tan (canh tranh so vdi thi trudng) Trudng hpp co don bay tai chinh: : 566.457.309.609VND NPV (den nam thu 10) IRR (den nam thu 10) Thdi gian hoan von He so tra np toi da He so tra np toi thieu He so tra np trung binh : : : : 26.30% 5nam 3.17 1.66 : 2.68 Nhan xet: day la du an kha thi vai doanh thu hang nam ldn, cac chi so NPV kha ldn, IRR > lai suat cho vay trung han cua MB, thdi gian hoan von nam la kha nhanh, he so tra ng trung binh phan anh kha nang tra ng cua du an tot Danh gia nhu cau vay von cua Du an Du an “Nha may san xuat than Coke tai Hai Duong” can tong nhu cau von dau tu nhu sau: STT Hang muc dau tu Du Pn Tri giP (VND) 301,218,664,755.00 89,100,000,000.00 Ty ln 23.92% - Hau tu xay dung XD nha xudng, van phong, nha an, kho - Xay dung cang tiep nhan nguyen lieu 50,111,200,000.00 3.98% - Xay dung nha may phat dien 65,410,000,000.00 5.19% hoa, dien cao ap 59,180,000,000.00 5.00% - Xay dung co ban xu ly luu huynh 37,417,464,755.00 2.97% Dau tu mPy moc thiet bi 786,017,817,403.00 62.66% - Day chuyen than Coke TQ 479,256,000,000.00 38.06% - Thiet bi cang song 45,362,817,403.00 3.60% - Thiet bi tram dien va thiet bi phu trg khac 261,399,000,000.00 21.00% Chi phi khPc (kbao sat, den bu mat bang, thiet ke, lap dat, cbay thu ) 110,505,956,145.00 9.00% Lai vay tho'i gian xay dung 61,279,318,500.00 4.86% 7.07% Dudng ong, ket cau thep, chieu sang, cun TONG CONG 1,259,021,756,803.00 100.00% Thhm dinn ve tai san dam bao va bien phhp quan ly - Quyen su dung dat Cong ty se cam ket cung cap toan bo giay td goc (gom so do, giay phep giao dat )cua khu dat rong 36 tai xa Hiep Son, huyen Kinh Mon, tinh Hai Duong Cong ty dugc cap quyen su dung dat vdi thdi han 50 nam - Tai san hinh tu von vay Dugc dam bao bang day chuyen may moc thiet bi san xuat: Tong tri gia la 786,017,817,403VND, Trong do: + Day chuyen dong bo san xuat than Coke tri gia 479,256,000,000VND, hien cong ty da ky ket vdi cong ty Tap doan cong trinh cong nghe hoa chat than & Coke Tham Dac Son Tay + May phat dien nhiet dir hoa Coke tri gia 261,399,000,000VND va thiet bi cang song tri gia 45,362,817,403VND Cong ty dang nghien cuu cac ban chao hang cua cac hang san xuat va se tien hanh ky ket hop dong mua ban + Cong trinh xay dung co ban tri gia khai toan la 301,218,664,755 VND Phong Tai tham dinh se phoi hop voi Khoi CIB de ticn hanh dinh gia TSDB va xac dinh ty le tai tro theo dung quy dinh cua MB - Bien phap quan ly TSDB: Doi vdi quyen su dung dat neu la hop dong thue dat tra hang nam thi thi se tien hanh giu cac giay to dat va khdng dinh gia quyen su dung dat, neu la hop dong thue dat tra tron goi 50 nam thi se tien hanh dinh gia dua tren hop dong thue dat va hoa don thu tien dat MB se tien hanh ky ket hop dong the chap TSDB voi cong ty Hiep Son Ddi vdi may moc thiet bi nha xudng: se tien hanh ky ket hop dong the chap tuong lai (tai san hinh tu von vay) va dinh gia sau hoan tung hang muc cong trinh hay hoan tat lap dat, chay thu day chuyen may moc thiet bi san xuat than coke, may phat dicn va tien hanh ky ket hop dong the chap du an da hoan chinh va cd the bat dau di vao hoat dong Phong l tham dinh se phoi hop vdi Khoi CIB de tien hanh dinh gia TSDB tung hang muc hoan chinh va ky ket Hop dong the chap theo dung quy dinh cua MB Nhan xet, danh gia 7.1 Nhan xet ve chu dau tir: Cong ty Hiep Son la DN mdi lap de thuc hien du an va Tap doan Hoa Phat ho tro lap cung nhu trien khai thuc hien du an tir khao sat, thiet ke, thu tuc xin cap phep dau tu, den bu giai phong mat bang, lira chon doi tac cung cap thiet bi, den xay dung cong trinh, lap bo may quan ly, nhan su lao dong Noi tom lai la toan bo cac cong viec deu tap doan Hoa Phat thuc hien Muc dich cua Du an la de phuc vu cho viec cung cap dau vao than Coke cho Du an “Khu lien hop san xuat gang thep Hoa Phat” d ben canh khu dat du an Hiep Son 7.2 Nhan xet ve tinh kha thi cua du an, rui ro va bien phap phong ngira: - Tinh kha thi cua Du an: Ve thi trudng dau cua san pham: hien thi trudng VN dia chat khdng cd than nguyen lieu (than md) dung cho san xuat than Coke nen hau nhu phai phu thuoc nguon NK tir nude ngoai, da so la tu Trung Quoc, gia cao, chi phi van chuyen cao Vi vay vdi nhu cau cang cao ve san xuat thep thi luong cau ve than Coke la rat Ion Dac biet dur an phuc vu cho nha may san xuat thep Hoa Phat nen dau dugc dam bao Ve cong nghe san xuat than Coke: Day la cong nghe hien dai vao loai nhat hien nay, da dugc su dung thuc te tai cac nunc nhu TQ, Uc, An Do co cong suat Ion 350,000 tan/nam (hien tai VN chua co); chat lugng than cao hon nhieu loai co mat d thi truong hien cong nghe hien dai, dau tu ldn, dac biet cong nghe la cong nghe san xuat than sach, han che gay nhiem mdi trudng (do dac diem cua san xuat than, khai thac than rat o nhiem mdi trudng) va cd the tan dung cac thai nong de phat dien dung cho van hanh nha may, giam chi phi cho mua dien ben ngoai, (da dugc phan tich d tren); - Rui ro cd the gap phai: Van de ldn nhat d day la neu dau khong dugc Hoa Phat bao tieu san pham thi se rat kho khan cho cong ty nhung chi thdi gian dau bdi vi thi trudng hien rat thieu cung than Coke, gia ban cua Cong ty lai kha re hon so vdi gia thi trudng hien nay, chat lugng tot hon nhieu loai than Coke dang co mat tren thi trudng, xu hudng sd lugng cac nha may san xuat cac loai thep dang tang, deu la cac nha may su dung cong nghe san xuat thep lb cao (chac chan phai dung than Coke de luyen thep) va theo nhan dinh thi giai doan hien chi mdi la thdi diem dau cua nganh cong nghiep thep VN Tuc la san lugng cua nganh thep se tang manh nhung nam tdi Theo phong Tai tham dinh rui ro se kho xay bdi moi quan he vdi Tap doan Hoa Phat (co phan von gop thong qua dai dien, cac can bo dugc cu sang nha may ) va neu Hoa phat bo nguon cung thi se gap kho khan viec tim nguon cung khac co muc bn dinh va co the de dang quan he thuong lugng ve gia, toc cung cap, va qua san lugng dau vao de dang cho I Ida Phat xac dinh dugc chi phi, bn dinh dau vao 7.3 Nhan xet ve nguon tra no- cua dy an: Neu hoat dong dung theo cong suat va chi phi du kien thi nguon tra ng cua du an la rat kha thi Nguon doanh thu hang nam la khoang tren 1.100 ty dong va nguon khau hao TSCD la nhung nguon tra ng cho MB Nguon dau cua cong ty la rat bn dinh bdi cong ty Hiep Son co moi quan he chat che vdi tap doan Hoa Phat, va da ky ket hgp dong nguyen tac bao tieu toan bo san pham than Coke cua cong ty liep Son De xuat Tren ca sd nhung phan tich neu tren ve dir an, cung vdi phuong an kinh doanh va thi trudng dau cua du an tuong ddi ldn va tiem nang, Phong Tai tham dinh thay rang day la du an cd tinh kha thi va kha nang tra no tot Vi vay, Phong Tai tham dinh de xuat tai tro cho Cong ty Co phan Nang luong Hiep Son vdi noi dung nhu sau: De xuat ddi vdi noi dung tai tro tong the du an: Dieu khoan tin dung Ben nhan no: Cong ty Cd phan Nang luong Hiep Son Gia tri khoan vay: 600.000.000.000 ddng (Bang chu: Sau tram ty ddng chan) Ddng tien nhan no: VND Thdi han khoan vay: nam, an han nam Muc dich su dung von vay: Thanh toan tien dau tu may moc thiet bi, toan chi phi xay lap cong trinh thuoc Du an ‘‘Nha may san xuat than Coke ” Tai san dam bao: - Quyen su dung dat - Toan bo nha xudng, cac day chuyen, may moc thiet bi san xuat than Coke thuoc du an Lai suat: Xin de xuat lai suat nhu sau: - Ddi vdi VND: 12%/nam, ap dung cho nam dau tien Lai suat cho ky tiep theo duoc dieu chinh 06 thang/lan vao cac 02/01 va 01/07 hang nam, bang lai suat huy dong tiet kiem VND ky han 12 thang tra lai sau tai thdi diem dieu chinh cong bien 0.26%/thang - Ddi vdi USD: 8%/nam cho nam dau tien Lai suat cho ky tiep theo dupe dieu chinh 06 thang/lan vao cac 02/01 va 01/07 hang nam, bang lai suat SIBOR ky han thang tai thdi diem dieu chinh cong vdi bicn 1.8%/nam Nguon tra no: Nguon thu tu hoat dong kinh doanh tu chinh du an Giai ngan: Theo tien xay dung, tien toan may moc thiet bi va yeu cau tien chung cua du an 10 Phuong thuc giai ngan: Giai ngan vao tai khoan cua nha thau xay lap, nha cung cap may moc thiet bi 11 Lich tra np: Np goc tra deu thang lan, lai tra hang thang Prong moi trudng hop, chu dau tu phai uu tien tra np MB trudc thuc hien nghTa vu tra np doi vdi bat ky mot nguon von tin dung khac warn oat aau dau tu1 2007 1.5 nam Thai gian xay du-ng nha may So nam danh gia dir an 10 nam San lu-'cng/ Cong suat - Nam thir - Nam thir 350,000 T^n/nam 40% 50% - Nam thu* tree di GIA BAN THANH PHAM - Gia ban dir kien (300 USD/tan) 60% 5,340,000 d6ng/t£n GIA THANH SAN XUAT DON VI SAN PHAM THAN C6C - Nguyen lieu chinh Dorn vi tinh Dom gia (VND) Dinh mire Thanh tidn cho tan (VND) 2,778,880.00 Than m& (117 USD, CFR + 20 USD van chuyen + tan 2,438,600.00 0.800 1,950,880.00 Than Antraxit (ash 6/7%) tan 1,380,000.00 0.600 828,000.00 Dau Diezen lit 15,000.00 0.140 2,100.00 Xang lit 15,000.00 0.001 15.00 D3u cong nghiep 50 lit 20,000.00 0.001 20.00 Dau cong nghiep 90 (APP CS dau ky Nhan no Tra no* gdc ky So dtp cuoi ky Lai phai tra 3,866,700.00 77,334.00 31/3/2009 30/6/2009 3,866,700.00 3,866,700.00 77,334.00 30/9/2009 3,866,700.00 3,866,700.00 77,334.00 31/12/2009 3,866,700.00 3,866,700.00 77,334.00 31/3/2010 3,866,700.00 193,335.00 3,673,365.00 77,334.00 30/6/2010 3,673,365.00 193,335.00 3,480,030.00 73,467.30 30/9/2010 3,480,030.00 193,335.00 3,286,695.00 69,600.60 31/12/2010 3,286,695.00 193,335.00 3,093,360.00 65,733.90 31/3/2011 3,093,360.00 193,335.00 2,900,025.00 61,867.20 10 30/6/2011 2,900,025.00 193,335.00 2,706,690.00 58,000.50 11 30/9/2011 2,706,690.00 193,335.00 2,513,355.00 54,133.80 12 31/12/2011 2,513,355.00 193,335.00 2,320,020.00 50,267.10 13 31/3/2012 2,320,020.00 193,335.00 2,126,685.00 46,400.40 14 30/6/2012 2,126,685.00 193,335.00 1,933,350.00 42,533.70 15 30/9/2012 1,933,350.00 193,335.00 1,740,015.00 38,667.00 16 31/12/2012 1,740,015.00 193,335.00 1,546,680.00 34,800.30 17 31/3/2013 1,546,680.00 193,335.00 1,353,345.00 30,933.60 18 30/6/2013 1,353,345.00 193,335.00 1,160,010.00 27,066.90 19 30/9/2013 1,160,010.00 193,335.00 966,675.00 23,200.20 20 31/12/2013 966,675.00 193,335.00 773,340.00 19,333.50 21 31/3/2014 773,340.00 193,335.00 580,005.00 15,466.80 22 30/6/2014 580,005.00 193,335.00 386,670.00 11,600.10 23 30/9/2014 386,670.00 193,335.00 193,335.00 7,733.40 24 31/12/2014 193,335.00 193,335.00 3,866,700.00 Gia dinh: So von vay ngan hang se diro'c MB giai ngan lam dot b§ng nhau, cu1 thang mot dot Khach hang tra lai hang thang, tra goc dinh ky thang mot lan 3,866.70 IRR (