Báo cáo thực tập tiếng anh INTERNSHIP COMPANYINSTITUTION MAO KHE COAL COMPANY VINACOMIN

VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL *** GRADUATE INTERNSHIP REPORT INTERNSHIP COMPANY/INSTITUTION: MAO KHE COAL COMPANY - VINACOMIN Address: Dan Chu - Mao Khe – Đong Trieu district – Quang Ninh province Supervisor: PhD Pham Duc Cuong Student’s full name: Do Thi Thuy Quyen Student’s ID: 11071559 Major: International business Class: IB2012B Ha Noi, ………………………………………………………… LETTER OF THANK To: Teachers in International School- Vietnam national university, Ha Noi! Director and all of Staffs of Accounting Department in Vinacomin-Mao Khe Coal Company in Quang Ninh! Internship period is one of the most important events of senior year students and the most difficult challenge of senior year students We are students who lack of not only experience but also knowledge and skills Therefore, this graduate internship report cannot finish without the help from everybody Firstly, I would like to express my deepest gratitude to teachers, friends and family’s care in the past four years I am grateful to you for your help and transfer of precious experience, which will prepare us for knowledge to have ability of facing to difficulty in the future life Secondly, I would like to say thank you to Accounting Department in Mao Khe Coal Company - Vinacomin in Quang Ninh especially to Mrs Cao Thi Thu Dung – Deputy of Accounting Department for their dedicated guidance and heartedly training, which contributed a lot to my working experience and learning progress Last but at most, I would like to send my greatest thankfulness for PhD Pham Duc Cuong- my supervisor who teaches and supports me a lot during my internship With his kind helps and knowledge, I may have chances to overcome difficulties and contributed to Mao Khe Coal Company Thank you a lot, PhD Pham Duc Cuong I wish my teachers have health and success in the life At the same wish of staffs at Accounting department - Mao Khe Coal Company a good health and achieved great success in their work Sincerely Do Thi Thuy Quyen List of table Table 1.1: Statistic of assets in 2013 – 2015 of Mao Khe Coal Company Table 2.1: Capital structure Table 2.2: Report of fixed capital of Mao Khe Coal Company Table 2.3: Report of inventory Working capital of Mao Khe Coal Company Table 2.4: Investment structure in current assets of Mao Khe Coal Table 2.5: Fixed assets Table 2.6: The effectiveness of using fixed capital in the Company Table 2.7: Some account balances at the end of the year TABLE CONTENT PART 1: OVERVIEW OF VINACOMIN– MAO KHE COAL COMPANY 1.1 General information: Name: Vinacomin- Maokhe Coal Company International transaction name abbreviations: VMKC Headquarter: Dân Chủ - Mạo Khê – Đông Triều – Quảng Ninh Legal form: State owned enterprise Phone number: 033 3871 240 Fax: 0333871375 Website: thanmaokhe.vn Representative: Director Pham Van Minh 1.2 History and development Mao Khe Coal Company belonged to the Vietnam National Coal-Mineral Industry Holding Corporation Limited (Vinacomin), located in the Dong Trieu district, Quang Ninh Province Previous month 8-1945 it was called Mao Khe Mine After the peace was restored, it called Mao Khe Coal Mine November 15, 1954 Mao Khe Coal Mine was founded (as a member of the Uong Bi Coal Company) In 1996, Mao Khe Coal Mine was founded as a State enterprise (Decision No 2605 / QD-TCCB dated 09/17/1996 of the Minister of Industry) From October, 2001 renamed to Mao Khe Coal One Member Limited Liability Company (Decision No 405 / QD-BOD BOD dated 01/10/2001 of Vietnam Coal Corporation) From December, 2005 renamed to Mao Khe Coal One Member Limited Liability Company - TKV (Decision No 2461 / QD-Board dated 08/11/2006 of the Board with TKV) From May, 8, 2010 (implementing Decision of the Board of Directors of Vietnam National Coal-Mineral Industry Holding Corporation Limited) renamed to Mao Khe Coal One Member Limited Liability Company - Vinacomin From August, 01, 2013 founded branch of Vietnam National Coal-Mineral Industry Holding Corporation Limited - Mao Khe coal Company – TKV (called the Mao Khe coal company - TKV) Mao Khe Coal Company is an affiliated member of Vietnam National Coal-Mineral Industry Holding Corporation Limited, has a history of over 174 years of mining Compared to the current mines, Mao Khe Coal Company has large reserves and large-scale production The company is a complete production line from the stage to the stage of capital construction of transport operators, sorting and sale of products Undergoing 62 years of rehabilitation and development (1954-2016) nowadays, the company has a staff of 10,768 employees who are in charge of manufacturing and trading of coal By the effort, the spirit of self-reliance combined with the appropriate direction, manager and employees of the company had found his own direction to promote the development of production and business 1.3 Vision and mission • Core values is to take quality of human resources is central to development; quality of products and services is the business principle; image and prestige are invaluable assets; the satisfaction of customers, partners is business objectives; harmonious combination between: economic interests - political - cultural - social • Vision:  To ensure production and business efficiency and safety with high economic value  Becoming rich and powerful corporations and diversified development of products, goods and services • Mission: Maintaining stable development, mining of coal and minerals must be associated with environmental protection Corporations balance available resources to invest a reasonable technological innovation, not spread, while still ensuring the modernization goals of technology ensure safety in production, strict governance and save resources 1.4 Products and Service Mao Khe Coal Company is a large enterprise and a subsidiary of Vietnam national coal-mineral industry holding corporation limited, independent accounting Current mining production of raw coal is more than 1,680,000 tons / year These products of the Company appropriately provide to the industrial production sector and civil service Mao Khe Coal Company coal production line has a relatively complete from their exploitation, transport and sorting to the step of loading the product consumption assurance standards prescribed by the State Currently in production lines of the company has been mechanized most of the sewing, stitching own furnace coal mining craft fair is also associated with drilling and blasting Company annual investment, expand production and application of scientific and technical advances and new technologies at minus 80 and expanded investment at minus 150 * Business activities of the company include - Mining and processing of coal consumption - Construction of the mine - Manufacturing and trading of construction materials - Repair of mining equipment, transport and manufacturing mechanical products - Organizing fun activities, entertainment, culture and sports - Petrol station - Production and business Non Dong mineral water - Mining, business water * Market and potential customers Product: Coal • • Main market: domestic market Quang Ninh, foreign market China Potential customers: Mao Khe, Cam Pha thermal power plans Services: Organizing fun activities, entertainment, culture and sports; services of water, petrol station • • Main market: domestic market Dong Trieu area and vicinities Potential customers: local people Services: Repair of mining equipment, transport and manufacturing mechanical products • • Main market: domestic market Quang Ninh and some provinces vicinities Potential customers: Dong Bac Coal Company, Tan Viet Bac Limited Liability Company 1.5 Organizational structure 1.5.1 The organizational structure of the management The company operates follow to model of parent company and subsidiary, in which the parent company is the Vietnam National Coal-Mineral Industry Holding Corporation Limited Due to the characteristics of company's activities in the field of exploration, exploitation and processing of minerals; wide operating areas, dispersed, many clues, managerial model of companies is the model of council members and supervisors Supervisors and Director are appointed and dismissed by council members of Vinacomin Supporting to Director has deputy directions, chief accountant and specialized departments 1.5.2 Organizational Chart and descriptions of function and mission of some departments KCM Department • • Function: manage technology of mining Mission:  Planning of technology prepare for mining  Collecting data to establish mining record  Managing technical norms and criteria TGM Department • Functions: give advice to the Manager in the work of ventilation, mine gas controlling; drainage and anti-water platform in the mine to ensure safety, efficiency production • Mission:  Planning of ventilation, mine gas controlling; drainage and antiwater platform  Organization, implementation of the control, management gas and drainage in the mines design,  Organizational appraisal wind network diagrams, ventilation and drainage  Checking the related works: ventilation, mine gas controlling; drainage and anti-water platform KCM Department • • Function: manage technology of mining Mission:  Planning of technology prepare for mining  Collecting data to establish mining record  Managing technical norms and criteria TGM Department • Functions: give advice to the Manager in the work of ventilation, mine gas controlling; drainage and anti-water platform in the mine to ensure safety, efficiency production • Mission:  Planning of ventilation, mine gas controlling; drainage and antiwater platform  Organization, implementation of the control, management gas and drainage in the mines  Organizational design, appraisal wind network diagrams, ventilation and drainage  Checking the related works: ventilation, mine gas controlling; drainage and anti-water platform Surveying & Geology Department • Functions: to advise the Manager about the work of surveying, geology and • drainage outside the mines Mission:  Organizing and preparing plans, methods, document about surveying and geology serving mining and manufacturing  Forecasting about reserves and quality of coal  Organization management of geodetic surveying, mapping resource boundaries, mining maps, cadastral maps  Perform tasks in surveying underground and ground; measurement of the volume of product in storage  Giving measures to prevent violations of hydrogeology, construction, water cracks, air ejector Analysis of trouble finding the causes subjective and objective to propose corrective solutions Investment & Environment Department • • • Managing investment in working basic construction and environment Planning about methods of investment and performing to invest Building, fixing, improving the infrastructure to serve production and business activities Office • Function: Managing the work of the interior, synthetic administrative, receptionist, cultural and sports • Mission:  Performing the work of the interior, synthetic administrative, clerical, store…  Establishing working rules and guiding and directing the departments in the company to follow  Holding the meeting  Managing cars and other transportations of the company  Fixing and buying supplies for offices in the company Human resource management • • Function: organizing, training, developing human resource Mission:  Organizing the structure of the company  Management staff and employees, building regulations decentralized management, functions, duties and powers of staff positions, clearly defining roles and responsibilities of each level of employees in Public company Reviews, reviews staff annually  Construction plans for the planning, training employees in the Company uses in accordance with the Regulation on Management of the Company CB Accounting department • Function: implementation of statistics, accounting, finance to ensure the capital for production and business activities of the Company under the provisions of the Law on Accounting, manual mode of the *Cash At this time, 31/12/2014, the Company's cash is 56.37 billion, increasing 35.78 billion compared with 2013, in 31.12.2015 the amount of cash is 68, 96 billion, not including deposits, deposits at banks for opening LC contracts, contract performance guarantee Monetary management of the Company in 2014, 2015 has been effective but also the balance of cash capital which large bank deposits in 2014 by 5% balance of short-term loans (3.26 billion / 65.7 billion) in 2015, the remaining balance of bank deposits by 90.8% Short-term loan balance (surplus by 2.68 billion compared with short-term loans is 2.95 billion) The reason is: - In recent years, production and business operations of the Company increased to make a big profit while disbursements for investment projects in multiple unit delay in the process of implementation - The company is in the process of capital accumulation to develop power projects under the plan has been approved by the government, so there is some capital investment for this project is temporarily idle In the recent past, to take advantage of this money effectively, the Company has implemented plans of term deposits in banks and lend member in Group with special interest rate *Account receivable The company is responsible for payment their debts that they borrow themselves When prepaid or selling goods or services to customers on account, the company must consider the solvency on the basis of economic contracts that are signed between the parties in accordance with the ordinances of economic contracts and the Civil Code The duration and method of payment for sales of products and services are provided as follows: - For customers outside the company: mainly apply right payment method, to the traditional partners and customers have long-term contracts, customers have two-way relationships can apply payments late payment to 15 days, not exceeding 30 days after the completion of the procedures and service - delivery - For our internal customers: When contracting the supply of products and services within the company, the company must determine how frequently loans with payment term not exceeding 30 days from the date of completion delivery procedures The duration and method of payment for products and services are provided as follows: - For imported goods: implement the method of payment as stipulated by the State - For goods and services purchased in the country: the implementation deferred payment, payment immediately after completing the consignee Minimize the advance payment to the customer, if it deems necessary to advance the money to customers, the company's director and responsible decisions about the decision * Inventory In recent years, companies have been urging the implementation of reduced volume inventory, but inventory levels are still at high levels, especially in 2014, 2015 End of 2014, inventories are 105.59 billion, up 54.84 billion compared to 2013 (50.75 billion), out of inventory in 2015 was 96, 46 billion remains is quite high, although there was a decrease of 9.3 billion The reason is that coal mining output in 2014 increased reserve requirements, manufacturing costs increased business Factors large inventory, besides production and consumption of coal increased less demanding companies have adjusted the management of inventory to have a reasonable level of reserves, reducing cargo losses and degraded, reduce storage costs, 2.4 Evaluation of capital management activity of Mao Khe Coal Company 2.4.1 Strengths Through the research about managing and using capital of Mao Khe Coal Company, it can be found: Fixed capital of the company continued to increase in 3, 2010, 2011.2012, respectively 313.9 billion, 371 billion and 427 billion This increase shows that the efforts of the company in the management of working capital use efficiency Investment projects aimed coal conveyor stages from extraction, sorting, loading and filling, consumption, transport, etc Exports to improve the efficiency of coal ultimately, reduce costs, reduce staffing, avoid losses, and increase profits for the company In working to recover the depreciation of fixed capital, the company regularly assessed and reassessed fixed assets through the inventory, tracking of fixed assets to the value of fixed assets actual match book value and thus can promptly detect these assets have been fully depreciated or has not expired and forced to liquidate so that investment plans, repair or replacement 2.4.2 Weakness The capital of the company with the volatility in the past years with volatility increase over the period 2013-2014 and decreased in the period 2014-2015 Male 2013, the 2015 figure was about 1000 billion, while in 2014 was 1300 billion This movement is due to the reduction of fixed capital in the capital structure in 2015 compared to 2014 Capital structure has even more unreasonable point, shown by indicators liabilities still account for a large proportion This capital represents the Company's reliance on outside much Meanwhile equity sources to relatively small proportion The company has no active policy in urging customers to pay debt Companies need to step up to urge customers to pay more and more Inventories also made a significant proportion in the structure of current assets, mainly the cost of capital construction investment, and high inventory levels will negatively affect the ability to pay that makes the capital becomes non-profit, reduces efficiency of using capital The main reason leading to these problems is due to: the management team lacks of experience in the use of capital; inventories and construction work in progress prolonged outstanding amounts of capital unprofitable, further structure of asset and resources of fund of the company is inadequate Such companies use too many resources long term, affect the spending of capital efficiency PART 3: TARGET OF GRADUATE INTERNSHIP, TASK ASSIGNED AND METHODOLOGY 3.1 Target of graduate internship After years of study in university, each student has their own accumulated a certain amount of knowledge, but if there is no environment to practice and apply the theory learned we will not achieve the best results Especially for me - an international business student, if there are no conditions to practice those skills, economic major, I will face many difficulties in the future work Therefore, the graduate internship is a very important subject for me and every senior student for many purposes Gaining experiences is the first one After failing to apply for many jobs, I realized that I need to have more experience to adapt with the future jobs’ requirements Internship gives me opportunities to explore myself, have on-sight knowledge and practice knowledge I’ve learned in the university Second is adapting with a professional environment The six weeks internship is a good opportunity for me to contact and acquaint with working environment in the office Through the internship, I can also learn from colleagues by observing their positive and negative habits I also learn about communication skills (communicate with supervisor, colleague and customers); skill of solving problem of job that are not taught detailed in university; I have been trained skills for teamwork, task and time management and the way to overcome the stress, pressure in the future job After finishing graduation internship, I believe that I will have the professional skills and clearer orientation in my future work This is very important initial step that helps me not confused, crestfallen when starting a new job 3.2 Task assigned 3.2.1 Arrange the document Edit the document on Microsoft Word Photocopy and print document - arranging the document in the correct position - taking the necessary document follow the accounting staff’s requirement, photo or print enough quantity and ensure the quality - using Microsoft Word to edit document as form Checking spelling before print 3.2.1 Transfer the related document to other departments Get the signature of the related department follows the instructions - prepare needed document of each department based on their location to give conveniently - remember function of parts to get right signature 3.2.2 Record the transactions in general journal book - based on the procedures, bill to record - record the transactions in general journal book seriate time, account title, debit or credit - filled all information in this book follow to the guidance 3.3 Methodology 3.3.1 Time management Mao Khe Coal Company starts working at 7h30 am, finishes at 4h30 pm There is 90 minutes for lunch In the time of internship there, I always go to work early about 15 minutes to clean up the room, arrange the supplies and prepare for the job 3.3.2 Remember method: To communicate with other in department, the first thing I need to is remember their entire name The second is remembering the mission that I am assigned For the today missions, I have done it right now For the missions required for later, I often note it in my notebook I also arrange the entries follow the chronological order 3.3.3 Observing method The staffs in the accounting department are very busy so they not have time to teach me detailed all the things, I need to study by myself Observing method is an important method to help me study more Daily I go with my instructor, she many jobs especial accounting jobs I stand beside, observe her actions like check the bills, procedures, record transactions in general journal Then I note it When she finishes her jobs, I can ask her my problems I can’t understand For computer skill, I carefully observe combined with study over Internet, guidance books and learn the experience from other 3.3.4 Synthetic method When I go home, I spend 30 minute on writing again the jobs I did all day I arrange it according to the fields like accounting, finance, human resource management… that I studied in university I also evaluate myself after I finish the jobs about strengths, weakness and methods to solve this problem PART 4: ACHIEVEMENT 4.1 The theories, practical skills and the experiences are reminded, learned and accumulated in graduate internship course Through weeks of internship process at Mao Khe Coal Company - Vinacomin, I got a lot valuable working experience and soft skills In my opinion, these precious experiences will help me a lot for my work in future The following is some of experiences which I gained during this training course For the theories: the internship course brought to me the opportunity to confirm again the knowledge I studied The theories I studied over 4years are reminded such as knowledge in subject management, accounting, finance, marketing, human resource management Especially the knowledge of principle accounting: record transactions to general journal, post to ledger, balance sheet, income statement…; managerial accounting: read, analysis income statement, balance sheet, trial balance…; subjects of finance: corporate finance, international finance are used in process of reading financial reports Detailed theories: Fixed capital is a concept in economics and accounting, first theoretically analyzed in some depth by the economist David Ricardo It refers to any kind of real or physical capital (fixed asset) that is not used up in the production of a product It contrasts with circulating capital such as raw materials, operating expenses and the like So fixed capital is that portion of the total capital outlay that is invested in fixed assets (such as land, buildings, vehicles, plant and equipment), that stay in the business almost permanently - or at the very least, for more than one accounting period Fixed assets can be purchased by a business, in which case the business owns them They can also be leased, hired or rented, if that is cheaper or more convenient, or if owning the fixed asset is practically impossible (for legal or technical reasons) Assets or capital investments that are needed to start up and conduct business, even at a minimal stage These assets are considered fixed in that they are not used up in the actual production of a good or service, but have a reusable value Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence Organizations face a significant challenge to track the location, quantity, condition, depreciation status of their fixed assets A popular approach to tracking fixed assets uses serial numbered asset tags, which are labels often with bar codes for easy and accurate reading The owner of the assets can take inventory with a mobile bar code reader and then produce a report Working capital management is a managerial accounting strategy focusing on maintaining efficient levels of both components of working capital, current assets and current liabilities, in respect to each other Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses The content of capital management at the enterprise Objectives and evaluation criteria in business capital Content of management using fixed capital and working capital in enterprises Beside the other subjects about business culture, business communication are needed such as write the email, order letter, reply the email, make the phone call to customers and other companies, disputing resolution, official culture, company culture… Some knowledge in subject Human resource management, Strategic organization is very useful for me in my internship For the skills: I learned so many important skills in dealing with customers and working with staffs Moreover, in spite of short time of training process, the internship course at the company makes me feel more confident and patient than before Soft skills that I learned: communication skill many important skills in dealing with customers and working with staffs, skills to solve difficulties, writing and reply email skill, answering the phone, job and time managing skill Skills of write and reply email for superiors, colleagues, customers; making and answer phone call Moreover my skills of Microsoft Office such as: Word, Excel, Power Point have been completed Presentation skill also has improved The most important skill is accounting skills: recording, calculation, analysis, and evaluation Performing basic transaction and practicing in accounting software In this course, I learned experiences from Mr and Mrs in accounting department both experiences in job, life and in daily communication I also learned some good characteristics like attentiveness, initiative, loyalty, maturity, respect for confidentiality and discretion, a positive attitude and independence Through practice, I gain insights about the strengths and weaknesses of myself I know what I like to do, and much more important I can identify what I not like In short, getting experience is really a great way to build confidence I realize that I need to work more hard, learn more and more to complete myself and improve my knowledge needed for my future jobs , I feel grown-up with experience in communication, skills to solve difficulties These experiences, I always had written recorded carefully as “fund of knowledge” by myself 4.2 Some problems and suggestion for solution 4.2.1 Complete directions of management Company’s capital until 2020 4.2.1.1 The objective of the company using capital until 2020 According to coal industry development planning by 2020, develop the coal industry must be attached to protecting and improving the ecological environment; ensuring harmony between food security issues with energy security, ensure safety in production, a positive contribution to the cause of economic development - social and strengthening security and defense in the locality , especially in Quang Ninh coal region The coal industry in general and Mao Khe Coal Company in particular should continue to promote investment in capital construction, investment, science and technology, purchase install modern machinery to improve productivity, quality coal and labor safety, improve the environment, increase profits, tightening capital recovery, perform a simple reproduction and expanded reproduction 4.2.1.2 Orientations complete management of the Company uses capital until 2020 Technological innovation investments: Implement technology innovation investments, boost production and save resources in production and improve the recovery rate of coal in underground mining, raise the level and quality of coal, artisanal coal; Mining of coal and minerals must be associated with environmental protection Corporations balance available resources to invest a reasonable technological innovation, not spread, while still ensuring the modernization goals of technology ensure safety in production, strict governance and save resources Human Resources: Human Resources Management from the intermediate or higher must pass entrance exams, competency assessment objectively, publicly Throw away old views on the village lived or child priority, the objects run organizations, running right It should plan manpower training under the long-term goals, focusing on training as metallurgical industries , mineral processing, chemical In addition, there should be mechanisms training miners to additional annual labor units Building regulations pay, bonuses and allowances to the employees fully assured long-term commitment to the Group 4.2.2 Some solutions to complete managing capital using in company 4.2.2.1 For fixed capital Solution 1: Strengthening the management, maintenance, repair fixed assets Solution 2: Strengthening the recovery of fixed capital Solution 3: Strengthening innovation of fixed assets Solution 4: Searching for funding for fixed assets 4.2.2.2 For working capital Solution 1: Correctly identifying the needs for working capital, necessary for production and business activities of enterprises Solution 2: Selection of forms of mobilization of appropriate working capital Solution 3: Well organized work of payment Solution 4: Enhance and promote the role of finance in the working capital management 4.2.3 Recommendation for Mao Khe Coal Company First: It should implement downsizing work towards compact, efficient, appropriate use of staff with the capacity and strict handling staff disciplinary violations, violations of financial regulations Training new staffs to prepare for future human resource, retraining of staffs is very important There is encouraged and rewarded for qualification staffs that have good achievements in their work Develop a professional, enthusiasm and creativity working environment to every staff Second: To accelerate the training, raising awareness and expertise of officers and employees in the company, ensuring the quality of human resources and operational efficiency Third: Strengthening self-monitoring incorporated between ensuring the financial regulations of the State and exchange mechanisms of internal spending to increase business efficiency and minimize cost products Fourth: Investment in hospitals, school, cultural, entertainment center in local area to enhance living standard of local people specifically of staffs and workers of the Company Fifth: Paying more attention in environment issue through applying new technology for production to develop stability and protect the environment Taking remedial measures against pollution that happens in exploited area REFFERENCES: Giới thiệu Công ty Than Mạo Khê, Thư viện điện tử, Báo Quảng Ninh http://thuviendientu.baoquangninh.com.vn/kinh-te/201601/gioi-thieu-ve2 cong-ty-than-mao-khe-2295913/index.htm Website Công ty Than Mạo Khê http://thanmaokhe.vn/ Hệ thống thông tin quản lý điều hành Công ty Than Mạo Khê http://mis.thanmaokhe.vn/ Website Tập đoàn Công nghiệp Than Khoáng sản Việt Nam http://www.vinacomin.vn/ Kế hoạch phát động thi đua năm 2016 Báo cáo Đại hội Công nhân viên chức công ty than Mạo Khê năm 2015 Mao Khe Coal Company accounting balance sheet in 2013, 2014, 2015 Report of the results of production and business activities in 2013, 2014, 2015 PGS TS Đoàn Thị Thu Hà, 2009, Giáo trình Quản trị học, NXB Đại học Kinh tế quốc dân, Hà Nội 10 PGS.TS Nguyễn Thị Ngọc Huyền, 2009, Giáo trình Quản lý tổ chức, NXB Đại học Kinh tế quốc dân, Hà Nội 11 Mai Văn Bưu, 2008, Giáo trình Hiệu quản lý dự án, NXB Đại học Kinh tế quốc dân, Hà Nội 12 PGS.TS Nguyễn Đình Kiệm, TS Bạch Đức Hiển, 2010, Giáo trình tài doanh nghiệp, Nhà xuất Tài Chính, Hà Nội [...]... of Mao Khe Coal Company Units: billion VNĐ Year Working capital 2013 313,930 2014 371,040 2015 427,984 (Source: Balance Sheet in 2013, 2014, 2015) Table 2.3 shows the situations of Working capital of Mao Khe Coal Company increase continuously Compared with 2013, working capital in 2014 rises by 57,110,000,000 VND; 2015 rises by 56,994,000,000 VND Table 2.4: Investment structure in current assets of Mao. .. PART 2: REPORT OVER COMPANY 2.1 Overview of production and business activities 2.1.1 Business results of the company in 2015 and plan for 2016 In 2015, the collective of officials and employees of the Mao Khe Coal Company Vinacomin has constantly striving efforts to implement production, basically exceeded the planned targets of business collaboration with Industry Corporation Vietnam coal Mining Production... Consumption In 2015, the company has plan in flexible working coal consumption Results coal consumption: 1,481,347 tons / 1,395,000 tons reach 106% of the plan Due to the Group's overall consumption to decrease coal export plan so the company has actively organized separating coal from raw coal 5 in vacuum furnaces to meet customers for consumption in Pha Lai During the year the Company has actively organized... production and business processes of Mao Khe Coal Company The investment gap between fixed assets and Current assets in 2014 is large, investment in fixed assets takes 71.5% but this gap in 2015 this gap has narrowed significantly when the investment rate is 59.8% for fixed assets and 40.2% for current assets Table 2.2: Report of fixed capital of Mao Khe Coal Company Unit: VND Targets Original price... Office of company Safety & Labor insurance Department Organizational Chart 1.6 Production result over periods of time The first period of 5 years from 1954 to 1959, the quantity of coal had exploited just only 280,000 tones / year In 1960, the output of Mao Khe coal mines reached 200,000 tons / year From 1970 to 1980, the average yield of the mine reached 500,000 tons / year In 2001, Mao Khe Coal Mine... Mao Khe Coal Company 2.4.1 Strengths Through the research about managing and using capital of Mao Khe Coal Company, it can be found: Fixed capital of the company continued to increase in 3, 2010, 2011.2012, respectively 313.9 billion, 371 billion and 427 billion This increase shows that the efforts of the company in the management of working capital use efficiency Investment projects aimed coal conveyor... efficiency and reduces the profitability of the company Inventories: These are items accounted for a proportion of the total current assets relative of Mao Khe Coal Company The period of time between 2012 and 2015, inventories respectively account for 34.2%; 16.2%; 28.5% and 22.5% This is suitable with the characteristics of the production and business of the company, there are always huge reserves, but... has great significance for the company' s business in recent years such as first-line project of coal conveyor belt factory from port 56 to Ben Can port, operated from 8/2011, coal supply system project for Mao Khe Thermal power plant and project of mining at depth below the negative 150 meter to negative 400 meter For better and effective exploitation of resources, the Company needs to further strengthen... million tons / year In 2014, 1.95 million tons raw coal was produced, reaching 103% of the plan; 1.64 million tons of consumption, turnover reached 2,000 billion, 104% of the plan In 2015, produced nearly 1.84 million tons of raw coal, consumed 1.55 million tons, turnover reached 1.900 billion Table 1.1: Statistic of assets in 2013 – 2015 of Mao Khe Coal Company Unit: VND Target 2013 2014 2015 1 Fixed... has actively organized the screening 7a coal inventories last year to mix with bran 6a, satisfy consumer requirements for Mao Khe thermal power plants, coal inventories fell The rate fell bran 6a 3.43% implementation of the plan assigned group, bran Ratio rose to 5.86% 6b implementation of the plan assigned group Finance and accounting - In 2015 the situation of coal inventory increased, the average