Chapter III
PERFORMANCE EVALUATION AND RATING OF COOPERATIVE FUNDS
Section 1: COOPERATIVE FUNDS OPERATING UNDER BUSINESS MODEL OF A SINGLE-MEMBER LIMITED LIABILITY COMPANY OF WHICH 100% OF CHARTER CAPITAL IS HELD BY THE STATE
Article 13. Methods for determining performance evaluation criteria
1. The annual business performance of a cooperative fund will be evaluated according to the criteria specified in Clause 1 Article 45 of the Decree No. 45/2021/ND-CP which are elaborated as follows:
a) Criterion 1: Growth of loan outstanding balance (including direct loans and loans granted under trusteeship) is the ratio (%) of the difference between the outstanding balance as at December 31 of the evaluation year and the outstanding balance as at December 31 of the previous year divided by the latter;
b) Criterion 2: Bad debt ratio is the ratio of bad debts on which the fund incurs risks according to SBV's regulations on debt classification by microfinance institutions to total outstanding debts on which the fund incurs risks (including direct loans and loans granted under trusteeship);
c) Criterion 3: Annual financial performance is the difference between total revenues earned and total expenses incurred in the evaluation year, and determined according to the cooperative fund’s audited financial statements;
d) Criterion 4: Compliance with regulations on investment, management and use of capital of the fund, fulfillment of obligations to state budget, and compliance with regulations on financial statements: The fund is considered compliant with laws, if it has no acts of violations, omission, partial or late implementation, or failure to comply with regulations. These violations include those committed by the fund, or any individual who acts in the name of the fund or its manager.
2. When calculating the performance evaluation criteria specified in Clause 1 of this Article, the fund may exclude the objective reasons as prescribed in Clause 2 Article 45 of the Decree No. 45/2021/ND-CP.
Article 14. Methods for rating of cooperative funds
Business performance of the cooperative fund shall be evaluated and ranked by means of comparison between its actually achieved performance and the criteria assigned in the fund’s financial plan. To be specific:
1. Criterion 1: Growth of loan outstanding balance
a) The cooperative fund is given “A” rating if the achieved value is equal to or higher than the planned one;
b) The cooperative fund is given “B” rating if the achieved value is lower than, but not lower than 90%, of the planned one;
c) The cooperative fund is given “C” rating if the achieved value is lower than 90% of the planned one.
2. Criterion 2: Bad debt ratio
a) The cooperative fund is given “A” rating if the achieved ratio is equal to or lower than the planned one;
b) The cooperative fund is given “B” rating if the achieved ratio is higher than, but not higher than 110%, of the planned one;
c) The cooperative fund is given “C” rating if the achieved ratio is higher than 110% of the planned one.
3. Criterion 3: Annual financial performance
a) The cooperative fund is given “A” rating if the achieved value is equal to or higher than the planned one;
b) The cooperative fund is given “B” rating if the achieved value is lower than, but not lower than 90%, of the planned one;
c) The cooperative fund is given “C” rating if the achieved value is lower than 90% of the planned one.
4. Criterion 4: Compliance with regulations on investment, management and use of capital of the fund, fulfillment of obligations to state budget, and compliance with regulations on financial statements.
a) The cooperative fund is given “A” rating, if, in the evaluation year, the fund is not facing any penalties imposed by competent authorities for understatement of tax amounts payable or overstatement of tax amounts eligible for exemption, reduction, refund or non-collection or tax evasion; it is not reminded in writing or is given only 01 written reminder by owner’s representative agency/finance authority of its invalid or late submission of any of reports serving the financial supervision, report on business performance evaluation or financial statements;
b) The cooperative fund is given “B” rating, if, in the evaluation year, the fund incurs administrative penalties imposed by competent authorities for not more than 01 violation concerning the understatement of tax amounts payable or overstatement of tax amounts eligible for exemption, reduction, refund or non-collection or tax evasion; it is given 02 written reminders by owner’s representative agency/finance authority of its invalid or late submission of any of reports serving the financial supervision, report on business performance evaluation or financial statements;
c) The cooperative fund is given “C” rating, if, in the evaluation year, the fund incurs administrative penalties imposed by competent authorities for 02 different violations, or more, concerning the understatement of tax amounts payable or overstatement of tax amounts eligible for exemption, reduction, refund or non-collection or tax evasion; or for its tax evasion as defined in the Government’s regulations on administrative penalties for violations against regulations on tax and invoices; it is given 03 written reminders by owner’s representative agency/finance authority of its invalid or late submission of any of reports serving the financial supervision, report on business performance evaluation or financial statements; or during their performance of tasks, a fund’s manager commits violations against regulations on investment, management and use of capital, obligations to state budget, preparation of financial statements and reports serving financial supervision according to announcements or conclusions given by competent authorities. Each violation committed by the fund’s manager shall be once considered during the performance evaluation of the fund.
d) Violations against tax procedures shall not be considered when carrying out the performance evaluation of the fund.
Article 15. Rating of cooperative funds
1. A fund is rated "A" if it has no criterion rated "C", and has at least 2 criteria rated "A".
2. A fund is rated "C" if it has 2 criteria not rated “A” and remaining criteria rated “C”.
3. A fund is rated “B” in other cases.
4. Based on the performance evaluation criteria specified in this Circular, the fund shall submit the report on performance evaluation and rating results to the cooperative alliance of the same level for appraisal and approval by May 31 of every year.
Section 2: COOPERATIVE FUNDS OPERATING UNDER COOPERATIVE BUSINESS MODEL
Article 16. Business performance evaluation and rating of cooperative funds operating under cooperative business model
Every cooperative fund that operates under the business model of a cooperative shall, pursuant to the provisions of Chapter III of this Circular, and based on its charter on organization and operation, and management requirements, submit its own regulations on business performance evaluation and rating, assessment and ranking of its managers and controllers to its general meeting of members for promulgation and implementation provided that such regulations must be conformable with the provisions of the Government’s Decree No. 45/2021/ND-CP, the Law on cooperatives, and their relevant guiding, amending or superseding documents (if any).
Tìm kiếm
Thông tư 52/2022/TT-BTC (Bản Word)
Thông tư 52/2022/TT-BTC (Bản Pdf)