Báo cáo thực tập tiếng anh graduate internship report nguyen thi loan IB2012C

1 Table of Contents Graduate Internship Report | Nguyen Thi Loan-IB2012C ACKNOWLEDGEMENTS The internship is the real process of the comparison, research and application of knowledge learned into practical work in the internship company Internship report is the result of the student’s research on the major they has experienced during the course of practice, as well as an important document to help teachers assess the abilities of each students To complete this internship report, in addition to my own efforts, I would like to deeply thank to: - The faculty of the Vietnam National University- International School has taught enthusiastically The lecturers have indoctrinated me not only the fundamental knowledge but also the administrative ethics and the spirit of the future international businessman - MSc Trang Pham Huong experts in major: Master of Business Administration The instructor has guided me very dedicatedly before and during the practical internship and building my report - All of the staff working at the Tan An Company Limited who helped me a lot, relied on me, facilitate me to be involved in the professional works at the company With kindest regards! Hanoi City, March 10 th 2016 Interns Graduate Internship Report | Nguyen Thi Loan-IB2012C CHAPTER THE OVERVIEW OF TAN AN COMPANY., Ltd 1.1 Business information Name of company: Company Address: TAN AN Company Limited 9th Floor, JSC Building 34, Lane 164 Khuat Duy ytfr Tien,Thanh Xuan, Hanoi City Contact Number: Fax: Email: Representative: (04) 22.111.025 (04) 22.250.750 tananco@hn.vnn.vn Truong The Son – General Director Representative office in Ho Chi Minh City: Address: 7A/20 Thai Thanh, Ward 14, District 10, Ho Chi B Charter Capital: 1.2 Minh City, Vietnam VND 160,000,000,000 Remarkable History Tan An Co., Ltd was established on 25/03/1995 In the early days of establishment, though the company encountered much difficulty, its leader and working staff, with the motto “cooperation-development”, expressed determination to quickly make Tan An Co., Ltd become a powerful company The work of Tan An Company is to import raw materials of chemicals, metallurgical materials, machines and equipment to serve for the domestic industry Now, Tan An Co., Ltd is known as the most prestigious importing and installing company of small hydropower equipment in Vietnam market, and the company is highly appreciated and trusted by its partners Besides, Tan An Co., Ltd also boosts to export the handicraft items to many countries around the Graduate Internship Report | Nguyen Thi Loan-IB2012C world Together with import-export business, the company also focuses on investing in production, because production is fundamental for the company Graduate Internship Report | Nguyen Thi Loan-IB2012C Figure 1:.Key Milestones Chart Graduate Internship Report | Nguyen Thi Loan-IB2012C 2014 rattan and bamboo wearhouse 2009 Feromangan producing factory 2008 MDF wood processing factory 2005 cooperating with rattan craftsmen to improve exporting 2004 hydroelectric power plants in Lao Cai 1997 exporting traditional products Mar 1995 Tan An Co ,Ltd establiished Graduate Internship Report | Nguyen Thi Loan-IB2012C With the experience of exporting Ferro, in 1997, Tan An Co ,Ltd oriented on exporting of traditional products especially arts and handcrafts items In 2005, Tan An Co., Ltd has partnered with artists in the craft villages in order to restore and develop the profession; accelerate the delivery of traditional craft products of Vietnam to the world market to promote the traditional culture of Vietnam, while also creating jobs and income for people in the traditional villages In 2004, Tan An Co., Ltd started building a group of small hydroelectric power plants in Van Ban district of Lao Cai province In 2008, three small hydroelectric power plants went into operation and activities in accordance with the designed capacity to synchronize into the national grid In 2008, the company has a joint venture with the Vietnam Forestry Corporation to build the MDF wood processing factory with a capacity of 54 thousand tons per year in Yen Thuy district of Hoa Binh province As expected, the plant will go into operation at the middle of 2011 In 2009, the company has a joint venture with a China partner to build the Feromangan (FeMn) producing factory with a capacity of 100 thousand tons per year which is considered as the largest factory in Vietnam now Factory products are exported 90% to the USA, Japan, Germany and so on Since the days of establishment until now, Tan An Co., Ltd has continually developed and strengthened The company is appreciated a very prestigious partner in Vietnam as well as on the world (Source: Company website) 1.3 Business performance and formation 1.3.1 Products & Service 1.3.1.1 Products Graduate Internship Report | Nguyen Thi Loan-IB2012C In the first years after its establishment, the company invested to develop towards exporting rattan and bamboo products, typical products representing for Vietnamese culture Along with export crafts, Tan An Company invested in importing raw materials of chemicals, metallurgical materials, machines and equipment to serve for the domestic industry 1.3.1.2 Service Now, Tan An Co., Ltd is known as the most prestigious importing and installing company of small hydropower equipment and the famous constructor in Vietnam market, and the company is highly appreciated and trusted by its partners Besides, Tan An Co., Ltd also boosts to export the handicraft items to many countries around the world 1.3.2 Market Tan An company has focused on both domestic and foreign markets The company is appreciated a very prestigious Vietnamese partner In addition to cooperate with domestic enterprises, the company’s orientation is cooperate all the nationwide companies as well as oversea companies to gain the win-win situation for both partners The oversea markets that Tan An has done business are: • USA • Britain • Japan • China • Canada • German In the near future, Tan An company will enhance its potential business and cooperate with more partners around the world 1.3.3 Target Customers Since its establishment, import and export business of Tan An Co., Ltd and closely cooperation with providers on the world are fundamental for our sustainable development Graduate Internship Report | Nguyen Thi Loan-IB2012C After 15 years of growth and development, Tan An Company has become the prestigious importer and distributor in many fields The target customers of the company are almost in areas like: • Chemicals: MiWon company, HABAC nitrogenous fertilizer & chemicals company limited, General department of State reverse,… • Industrial machines and equipment: Phu Mau hydroelectric plant, DakNe hydroelectric plants in KonTum, Iapuch hydroelectric plant in Gia Lai,… • Large specializing in ceramics, bamboo, rattan: - American partners: 99 cents Store Inc., Basketcases Inc., Homegoods, Imports Inc, - Canadian partners: Bloomex Inc., Winner and Homesence Inc., - Russian partner: ASB Reiting - Portuguese partner: Certipack (Source: Legal document and company capabilities) 1.3.4 Mission, Vision and Core Value With storage system and distribution agents in many provinces and cities nationwide, our company wishes to serve customers with products of high quality, reasonable price, and fully, on-time delivery Together with import-export business, the company also focuses on investing in production, because production is fundamental for the company to develop stably Follow the motto “Cooperation - Development”, Tan An Company expressed determination to quickly make Tan An Co., Ltd become a powerful company Now, Tan An Co., Ltd is known as the most prestigious importing and installing company of small hydropower equipment in Vietnam market, and the company is highly appreciated and trusted by its partners The company also plans to gain more market margin and create new long-term partnerships with suppliers and manufacturers around the world to serve the development needs of Vietnamese market (Source: Legal document and company capabilities) 1.3.5 Organizational Structure Figure 2: The organizational structure of Tan An Company Limited in Hanoi Graduate Internship Report | Nguyen Thi Loan-IB2012C 10 Board Board of of Director Director Genral Genral Director Director Import/Export Import/Export Department Department Projecting Projecting Department Department Financing Financing & & Accounting Accounting General General Business Business Department Department Department Department Measurement Measurement Testing Testing Department Department Manager Manager Manager Manager Manager Manager Manger Manger Manager Manager Employees Employees Employees Employees Eployees Eployees Employees Employees EMployees EMployees (Source: Legal document and company capabilities) Members in Board of Leadership in Tan An Co, Ltd 1.3.5.1 Board of Director The Board of Director in Tan An Company is responsible for issuing decisions and general administration of all production, management and other business activities in the company, directly in charge of the business, organization officials and all decision-making about the policies and human resources, the allocation of charter capital, level of stocks, investment, investment scale The structure of the Board of Director includes: • • • • • • • Chairman of the Managing Board Director of the Company Enterprise Director Tan An iron alloy `Deputy Sales Director Lao Cai Branch Manager Director hydroelectric plant in Lao Cai Head of the Representative Office in Ho Chi Minh City Graduate Internship Report | Nguyen Thi Loan-IB2012C 28 After years at university, and 6-week internship at Tan An Company Limited, I noticed the theory and practice must always go together Theories are the foundation for the practical reality The real practice is consider as the result of skillfully applying the theory In my work, the company is planning projects, managing the project, establish relationships with clients, analyzing data, market survey Hence, I see the requirement to have multiple skills To achieve the efficiency , in addition to the knowledge I learnt, I have to be equipped with soft skills, which are the skills learned in practice: teamwork skill, creative thinking skill, , observing skill, communication skill, presentation skill, The courses at university that equipped me with the basic knowledge to perform the work are: • Business communication: understand about communication and its benefits, catch and apply skills to communicate in the business environment and the real life • International trade policy: equip students with the basic knowledge of the analysis tool of international trade policy On this basis, the initial course to help students study and analysis of issues related to international trade, the international commercial lighting of the country and international trade policies of Vietnam in relation compared with provisions and multilateral commitments on international trade Finish the course, students have the ability to understand, analyze and forecast the basic issues related to the trade policy of the country in general and Vietnam in particular • Information technology: help me be proficient in word processing, using Excel, PowerPoint, Access, Outlook,… • Project management: students can exposed the basic philosophy of project management as a unique, specialized discipline of management and attain a basic academic-oriented knowledge of the principal aspects of project management Graduate Internship Report | Nguyen Thi Loan-IB2012C 29 4.2.2 Differences between knowledge and real practice In my opinion, the differences between theory and reality are the practical experience, the way to fix the failure because the theory is able to give students the overall picture of a sector that students followed at the university, but the theory and reality are far different from each other During my internship, I only can apply little knowledge in a part of the process, not all of the knowledge I have learned I take a construction project as an example When I started, I had to follow the recipe template, from the preliminary beams, columns to the core layout I have to follow exactly that the curriculum in order not to get in troubles or make mistakes Based on the theory, to protect their projects I must follow this curriculum In fact, when there is a chance to execution of construction works, I have had a new vision for the job after graduation Sometimes, there are problems when performing I not know, but from the fact that I can learn from others in order to complete my practical experience for the job in a gradual manner Although the academic knowledge and real practice are different, they are extremely necessary mutually If students are not good at the theory, it is very difficult for them to perform the job well because of the lack of knowledge => So theory and practice are complement each other The theory help students visualize the object to be studied are, and from which they can apply effectively 4.3 in practical work Comments Tan An company is a company that develop based on the sustainable foundation and the great strategies of the Board of Director Most major projects the companies has invested achieve certain results The staff of the company are professional, enthusiastic and eager to work They are very cheerful, sociable and friendly Especially with the trainee, the Graduate Internship Report | Nguyen Thi Loan-IB2012C 30 company's staff are always helpful and guidance to help the trainees from to get familiar with the work With multiple workloads, the company's staff always ensure the progress of the work are in control to guarantee the development of the organization As a company that operates with a solid foundation, the company will create a new security a good image and gain more achievements in the near future CONCLUSION After finishing this internship, I have learned many interesting things and working experiences I have learned a lot of skills thank to the dedicated guidance of staffs at Tan An company This is the helpful foundation for my future work REFERENCES • Tan An legal documents file and capacities, 2012, Published by Tan An Company , Ltd • Tan An Capacity contractor records, 2014, Published by the Project Management Department Graduate Internship Report | Nguyen Thi Loan-IB2012C 31 • Company Website , Available at: http://tanangroup.com/en/?/about-us/tan-an-company_introduction-about-tanan-co-ltd_7.html (Accessed on March 3rd 2016) http://tanangroup.com/en/?/field-operations/services_introduction-about-thegroup-of-hydroelectric-power-plants_42.html (Accessed on March 4th 2016) http://tanangroup.com/en/?/field-operations/services_mdf-tan-an-%E2%80%93vinafor-hoa-binh_30.html (Accessed on March 4th 2016) • Planning & Project Management Office- Carnegie Mellon University, Available at: https://www.cmu.edu/computing/ppmo/pm-standards-procedures/index.html (Accessed on March 4th 2016) • Graduate Internship Report | Nguyen Thi Loan-IB2012C 32 APPENDIXS BALANCE SHEET (at the date of 31/12/2014) Assets 31/12/2014 A Current Assets I Cash and cash equivalents Cash II Short-term financial investments Short-term investments III Short-term receivables Receivables from customers Advanced payments 238,324,120,664 3,506,816,277 3,506,816,277 6,700,000,000 6,700,000,000 215,237,534,380 172,783,114,024 to suppliers Other receivables Inventory Inventory Other short-term assets Short-term prepaid expenses Deductible VAT Long-term assets Long- term receivables Other long-term receivables Fixed assets Tangible fixed assets - Costs - Accumulated depreciation Real estate investment - Costs - Accumulated depreciation Long-term financial investments Investment in joint-venture, joint operation Other long-term assets Total Assets 40,247,660,497 2,206,759,859 9,376,135,453 9,376,135,453 3,503,634,554 1,881,388,193 1,622,246,361 90,344,111,545 344,908,293 344,908,293 28,129,571,360 28,129,571,360 97,114,716,300 (68,985,144,940) 61,879,631,892 IV V B I II III IV V Liabilities A Liabilities unit VND 01/01/2014 177,170,811,486 18,600,923,282 18,600,923,282 147,483,242,459 115,652,977,883 30,009,793 1,730,471,206 9,347,627,063 9,347,627,063 1,739,018,682 1,739,018,682 82,930,084,068 108,193,578 108,193,578 36,818,430,490 36,818,430,490 97,114,716,300 (60,296,285,810) 46,003,460,000 61,879,631,892 46,003,460,000 328,668,232,209 260,100,895,554 31/12/2014 01/01/2014 188,293,456,227 142,059,838,779 Graduate Internship Report | Nguyen Thi Loan-IB2012C 33 I II B I II Short-term liabilities Short-term borrowings and liabilities Payable to suppliers Deferred revenue Taxes and other payables to the State budget Accrued expenses Other payable Bonus & welfare funds Long-term liabilities Short-term borrowings and liabilities Owner’s equity Owner’s equity Paid-in capital Investment & development funds Financial reserve funds Undistributed earnings Construction investment fund Other funds and budgets Total liabilities and equity 178,284,109,651 126,752,595,205 143,698,973,803 32,567,009,492 1,033,333,630 74,490,711,360 48,877,290,777 1,848,667,600 858,618,900 126,173,736 10,009,346,576 1,372,636,802 163,288,666 15,307,243,574 10,009,346,576 140,374,775,983 140,374,775,983 124,010,686,062 16,364,089,920 328,668,232,209 15,307,243,574 118,041,056,775 118,041,056,775 108,010,686,062 10,30,370,713 260,100,895,554 Hanoi, April 25th , 2015 Chef Account Tan An Company Limited Director INCOME STATEMENT Year 2014 Unit VND Criteria 2014 2013 Graduate Internship Report | Nguyen Thi Loan-IB2012C 34 Revenue from sales Revenue from deductions Net revenue from sales and services Cost of goods sold Gross profit from sales and services Financial activities income Financial activities expenses 10 11 12 13 14 15 16 17 Interest expense Selling expenses General and administration expenses Operating income Other income Other expense Other profit Earnings before taxes Current business income tax charge Deferred business income tax charge Earning after income tax 543,820,640,645 17,000,000 548,662,181,579 543,803,640,645 521,811,016,337 548,662,181,579 522,817,956,124 21,992,624,308 3,171,801,405 6,618,059,404 5,631,436,768 - 25,844,225,445 283,713,491 7,277,689,784 6,665,978,903 - 11,983,560,281 6,862,806,028 114,897,354 (114,897,354) 6,747,908,674 12,072,614,575 6,777,625,587 817,500,303 200,757,146 (616,743,157) 7,394,368,744 400,944,922 456,311,517 6,346,963,752 6,938,057,227 Graduate Internship Report | Nguyen Thi Loan-IB2012C 35 General Financial Capability from 2012-2014 TT Năm 2012 Năm 2013 Năm 2014 Total Assets 203,720,913,56 163,158,742,75 260,100,895,554 Total Liabilities 116,532,653,10 152,975,852,01 142,059,838,779 Current Asset 123,952,357,04 163,109,455,19 177,170,811,486 Current Liabilities 88,114,012,287 125,975,852,01 126,752,595,205 Revenue 344,940,547,84 525,891,656,10 548,662,181,579 Pre-tax Profit 192,823,243 361,849,643 7,394,368,744 After-tax Profit 144,139,417 266,155,616 6,938,057,227 Graduate Internship Report | Nguyen Thi Loan-IB2012C