Báo cáo thực tập tiếng anh INTERNSHIP COMPANYINSTITUTION tan an company limited

The forms (Attached to Directive / KQT-ĐT day month 2015 of VNU-IS Rector) Form 1: Cover sheet of the Graduate Internship Report VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL *** GRADUATE INTERNSHIP REPORT INTERNSHIP COMPANY/INSTITUTION: Tan An Company Limited Address: 9th floor JSC34 , lane 164 Khuat Duy Tien, Thanh Xuan, Ha Noi, Viet Nam Supervisor: Mrs Do Phuong Huyen Student’s full name: Kim Thi Minh Hong Student’s ID: 11071253 Major: International Business Class: IB2012B Hanoi,11st March 2016 Acknowledgement To finish this report, I am deeply grateful to all those who have shared ideas, valuable comments and encouragement during my writing of this paper First of all, I would like to express my deepest sense of gratitude to my supervisor, Mrs Do Phuong Huyen for her useful guidance, critical comments and valuable suggestions Besides, my sincere thanks are also given to the Faculty of International Business, International School for the devoted teaching of all the lecturers and for giving methe knowledge and studying methods Their teaching not only helps me gain essential knowledge and skills during years but also lays the foundation for my future work I am greatly indebted to Mr Nguyen Manh Linh, accountant of Tan An Company, who introduced me to Export-Import Department and continuously encouraged me during internship time at Tan An Company I must mention the wonderful working environment and group commitment of this company that has enabled me a lot deal to and observe the export and import activities during my internship period of six weeks I would particularly like to thank all staff from Export-Import Department and all members of Tan An company for their help, support and providing related information, data Last but not least, I convey my sincere thanks to my family friends who inspire in different ways to complete the report and the course as well However, owing to my lack of experience and knowledge as well as the limited scope of the research, some shortcomings and mistakes are unavoidable Please kindly take into account Form 3: Supervisor’s graduate internship assessment VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL SOCIAL REPUBLIC OF VIETNAM Independence – Liberty - Happiness Graduate Internship Evaluation (for Supervisor) Student’s full name: Kim Thi Minh Hong ……………………………………………………………… Student’s ID: 11071253 Class: IB2012B……………………………… Major: International Business……………………………………………………………………………… Internship Company/Organization: Tan An Company Limited…………………………………………… Supervisor:Do Phuong Huyen …………………………………………………………………………………………………… The performance of the schedule: Internship period starts from 18th Jan 2016 to 11st Mar 2016…… ……………………………………………… ………………………………………………………………………………………………………………………….…………………………… Awareness, attitude: ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ………………………………………………………Other comments: ………………………………………………………………………………………………………………………… ……………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………… Hanoi, ………………………………… Supervisor (Signature and Full name) Table of Contents LIST OF TABLES, APPENDIXES AND FIGURES: Figure 1: Tan An’s organizational chart 10 Figure 2: Tan An’s value chain 13 Figure 3: Return On Assets of Tan An Company Limited 26 Figure 4: Return On Equity of Tan An Company Limited 28 Figure 5: Tan An’s Solvency Indicators Graph 32 Table 1: Return On Assets Tan An Company Limited 26 Table 2: Return On Equity of Tan An Company Limited 27 Table 3: Current Ratio of Tan An Company Limited 29 Table 4: Liabilities to Assets Ratio of Tan An Company Limited 29 Table 5: Liabilities to Shareholders’ Equity Ration of Tan An Company Limited 30 Table 6: Long-term Debt to Long-term Capital Ratio of Tan An Company Limited 30 Table 7: Schedule of Internship 32 Appendix 1: Income Statement of Tan An Company Limited 16 Appendix 2: Cash Flow Statement of Tan An Company Limited 18 Appendix 3: Balance Sheet of Tan An Company Limited CHAPTER 1: REPORT OVERVIEW OF INTERNSHIP COMPANY/ INSTITUTION: TAN AN COMPANY General information 1.1 Name of the company Tan An Company Limited Established in 1995 1.2 Address of headquarters 9th floor, JSC34 Building, lane 164 Khuat Duy Tien, Thanh Xuan , Hanoi, Vietnam Phone: +844.22111025 Fax: 844.22250750 Email: tananvn@vnn.vn Website: www.tananco.com 1.3 Legal representative of the company Position: General Director Full name: Truong The Son 1.4 Industry and Business fields Tan An does up to 73 business lines which are divided mostly into Construction Industry and Commercial Industry 1.4.1 Exploiting In order to serve for the manufacturing procedure and exporting raw materials to foreign countries (especially to China), Tan An company registered to exploiting - some natural resources legally: Wood and forestry products; Coal, peat, iron ore and mental ore; Sand, stone, gravel, clay Those resources are used for the manufacturing activities of the company as listed after 1.4.2 Manufacturing Raw materials after being exploited will be used to produce finished goods which - are divided into: Chemical products Electronic components, consumer electronic and other machines, measurement equipment; Batteries and accumulators; Wooden products These finished goods will be distributed domestically to subsidiaries and also for exporting purpose 1.4.3 Business Tan An Company has been doing its business in both domestic and foreign markets The company imports such products as electrical products and other products which are needed in Vietnamese markets or sometimes re-export to another country The - produced goods or imported goods are wholesaled inbound and exported outbound Industrial chemical; Forestry products, agricultural products; Electrical products; Many other products; In addition, there are two researching centers aiming to develop its projects and - products: Projecting center; Testing measurement equipment center 1.4.4 Investing Besides above business activities, the company penetrated into investment with the - launching of: Building Phu Mau hydropower plants; MDF wood factories The company activates widely in many aspects, especially focuses mostly in manufacturing activities and export – import activities By producing products by themselves, the company has achieved successfully in exporting Vietnamese wooden items like handicraft as a Vietnamese traditional product to foreign markets dedicating to the expansion Vietnamese brand to the world - Key milestones operating history 1995: Tan An Company is founded 2004: In late 2004, Tan An Co., Ltd started construction cluster of Phu Mau Hydroelectric plant at Phu Mau village, Liem Phu, Van Ban District, Lao Cai Province, Vietnam The company officially inaugurated the plant in 2009 The plant consists of three shelves, total capacity of 7.5 MW, water column height 250m approximately Phu Mau Hydroelectric Plant 1: Installed capacity: 1.4 MW Water column height calculation is: 80m Commercial electric power production: July 2007 • Phu Mau Hydroelectric Plant 2: Installed capacity: 1.8 MW Water column height calculation is: 150m Commercial electric power production: October 2006 • Phu Mau Hydroelectric Plant 3: Installed capacity: 2.4 MW Water column height calculation is: 250m Commercial electric power production: September 2008 2008: the company has joint ventures with Chinese partners to build Ferro • - Mangan factory Its main products are ferro-mangan carbon low average, ferromangan carbon high, silinco mangan alloy These products are essential materials for molding industry and steel production, total output of about - 100,000 tons per year 2009: Tan An MDF Wool Factory- Vinafor Hoa Binh began construction in 2009 and has been running at full capacity since 2013 Main product of the factory is MDF synthetic wooden plank with thickness from 8-25mm, 2.440mm height and 1.220mm weight This kind of plank is convenient for the construction, interior and exterior works Total capacity of the factory is 54,000 - m3 per year 2015: the company has been researching technological line to produce ferro mangan carbon low-average, typical products are FeMn 80C0.5, FeMn80C2.0, FeMn80C1.0, FeMn80C0.7 and FeMn75C2.0, included two refining furnace 1800KVA reaching the output of 28,000 tons per year Mission, Vision and Core Value With the motto “Cooperation - Development”, Tan An Company 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 equipments to serve for the domestic industry Organizational structure The main structure of the company will be illustrated below: Figure 1: Tan An organizational chart Source: www.tanangroup.com 10 Other long-term receivables II Fixed assets Tangible fixed 46,420,845,758 108,193,578 36,818,430,490 334,908,293 28,129,571,360 46,420,845,758 97,136,415,588 36,818,430,490 97,114,716,300 28,129,571,360 97,114,716,300 -50,715,569,830 -60,296,285,810 68,985,144,940 1,937,000,000 1,937,000,000 0 0 0 47,733,618,208 46,003,460,000 61,879,631,892 47,733,618,208 46,003,460,000 61,879,631,892 assets Total assets Resources Liabilities Short-term 0 253,666,494,301 260,100,895,554 328,668,232,209 141,530,051,420 142,059,838,779 188,293,456,227 liabilities Short-term 117,214,552,102 126,752,595,205 178,284,109,651 assets Cost Accumulated depreciation Real estate III investment Cost Accumulated depreciation Long-term financial IV investments Investment in joint-venture, joint operation Other long-term V A I borrowings and liabilities Payable to 79,444,629,879 74,490,711,360 143,698,973,803 suppliers Deferred revenue Taxes and other 36,634,458,654 727,052,734 48,877,290,777 1,848,667,600 32,567,009,492 1,003,333,630 369,167,538 1,372,636,802 858,618,990 payables to the State budget 22 Accrued exxpenses Other payable Bonus and welfare funds Long-term II liabilities Long-term 39,243,297 163,288,666 126,173,736 0 0 24,315,499,318 15,307,243,574 10,009,346,576 24,315,499,318 15,307,243,574 112,136,442,881 118,041,056,775 112,136,442,881 118,041,056,775 109,044,129,395 108,010,686,062 10,009,346,576 140,374,775,982 140,374,775,982 124,010,686,062 borrowings and B I liabilities Owner's equity Owner's equity Paid-in capital Investment and development funds Financial reserve 0 funds Undistributed 0 3,092,313,486 10,030,370,713 16,364,089,920 0 0 0 253,666,494,301 260,100,895,554 328,668,232,209 earnings Construction investment fund Other funds and II budgets Total liabilities and equity 2.4 Analyze cash inflow from 2012-2014 Comparing cash and cash equivalent at the beginning and the ending of the period, in 2012 the amount of money increased dramatically to more than seven billion VND In 2013 the change decreased by half, the amount was nearly four billion VND But in 2014, the trend was reserved spectacularly, the amount of cash at the ending of the period did not increase, it decreased from more than 18 billion VND 23 to 3.5 billion VND despite increasing sharply in profit before tax This is because in 2014 Tan An spent 35 billion VND on investing activities and depreciation in 2014 doubled in 2012 and 2013 Cash flows in 2014 seem to be opposite to cash flows in 2012 and 2013 as cash flows from financial activities in 2012 and 2013 were negative whereas in 2014 was positive In 2012 and 2013, cash inflow mainly from sales and providing services (profit before tax) These amount account for remarkable percentage of cash inflow in both 2012 and 2013; it continued to increase rapidly in 2014 There is a difference in 2014, profit from selling products and providing services were highest in three-year period but they did not contribute any money into cash inflow That is because the burden of depreciation, cash paid for other operating activities was too big for revenue to cover all Primary cash resource not from operating activities; the company's cash inflow is contributed largely by financial activities Money receipt from short-term and long-term borrowings contributed six hundred billion VND and receipts from share issuing and owners’ equities contribution contributed sixteen billion VND - this is the big turning point in the financial developments of the company as two year ago the amount was zero This point proves that the company has strong transformation in the structure of their capital from intensive debt to intensive equity It also means that instead of pressure from interest payments, the company is beginning to bear the pressure of paying dividends and profits for its shareholders However the company will be more beneficial in the payment flexibility with pay policies in future 2.5 Analyze investing activities Investing activities of Tan An in 2012 was only for fixed assets and others longterm assets That means the company wanted to expand production However this amount was not big (just eighty hundred million VND) In 2014, Tan An company increased the amount of money in invested capital in other units Namely, the company associated with a Chinese company in order to 24 research the production technology to increase the amount of ore mining in the future and therefore increasing revenue sharply Because in recent years, the company has realized the potential of mining and exporting ore as constantly receiving orders from foreign customers for the large amount requested at very high price 2.6 Analyze financial activities Net cash flow from financial activities soared in three consecutive years and looking at receipt from short-term and long-term borrowings we can find the reason The amount of money the company received through lending out could be considered as one of main cash inflow to the company Notably, in 2014, the amount received from its lending was two times compared with 2013 and six times compared with 2012 2.7 Profitability Indicators 2.7.1 Return On Assets (ROA) This is an indicator of how profitable a company is relative to its total assets ROA gives an idea as to how efficient management is at using its assets to generate earnings Calculated by dividing a company's annual earnings by its total assets, ROA is displayed as a percentage The formula for return on assets: Net income (VND) Total asset (VND) ROA 2012 1,678,821,682 253,666,494,301 0.66% 2013 6,938,057,227 260,100,895,554 2.67% 2014 6,346,963,752 328,668,232,209 1.93% Table 1: Return On Asset of Tan An Company Limited from 2012 to 2014 25 The table above shows the fluctuations of the company’ ROA for years The evaluation of trend will be more apparent when shown on the chart below: Figure 3: Return On Assets of Tan An Limited Company from 2012 to 2014 The combinations of chart and table shows a rapid increase in return on asset of Tan An in 2013 With the similar value of total asset, in 2013, one VND of asset the company could manage to create 2.67 VND profit whereas one VND of asset could generate 0.66 VND profit in 2012 Although net income in 2014 was quite equal to net income in 2013, total asset was 1.26 times compared with 2013 leading to decrease in return on asset From these numbers and figures, Tan An is likely to use inefficiently of company assets, making assets not bring into play its full effect but it is not Because the company invested the large amount of money in 2014 in cooperating with other company in order to expand its production as being mentioned above 2.7.2 Return On Equity Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity It measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested The formula of ROE: Net income (VND) Shareholders’ equity (VND) ROE 2012 1,678,821,682 112,136,442,881 2013 6,938,057,227 118,041,056,775 2014 6,346,963,752 140,374,775,982 1.50% 5.88% 4.52% 26 Table 2: Return On Equity of Tan An Company Limited from 2012 to 2014 From the table above, we have a graph showing the company's ROE: Figure 4: Return On Equity of Tan An Company Limited from 2012 to 2014 This graph is quite similar to ROA graph that return on both equity and asset reached a peak in 2013 and declined in 2014 2.8 Liquidity Indicator 2.8.1 Current ratio The current ratio is a popular financial ratio used to test a company's liquidity (also referred to as its current or working capital position) by deriving the proportion of current assets available to cover current liabilities Current ratio formula: Current assets Current liabilities Current ratio 2012 157,575,030,335 117,214,552,102 1.33 2013 177,170,811,486 126,752,595,205 1.40 2014 238,324,120,664 178,284,109,651 1.34 Table 3: Current Ratio of Tan An Company Limited from 2012 to 2014 The current ratio of the company in three-year period was quite stable but not really healthy and liquidity However it may indicate efficient use of cash that money was used constantly to make profit 27 2.9 Solvency indicators 2.9.1 Liabilities to assets ratio 2012 2013 2014 Total liabilities 141,530,051,420 142,059,838,779 188,293,456,227 Total assets 253,666,494,301 260,100,895,554 328,668,232,209 Liabilities to assets 0.56 0.55 0.57 Table 4: Liabilities to Assets Ratio of Tan An Company Limited 2.9.2 Liabilities to shareholders’ equity Total liabilities Shareholders’ equity Liabilities shareholders’ equity 2012 2013 2014 141,530,051,420 142,059,838,779 188,293,456,227 112,136,442,881 118,041,056,775 140,374,775,982 to 1.26 1.30 1.24 Table 5: Liabilities to Shareholders’ Equity Ratio of Tan An Company Limited from 2012 to 2014 2.9.3 Long-term debt to long-term capital ratio Long-term debt Shareholders’ equity 2012 2013 2014 24,315,499,318 15,307,243,574 10,009,346,576 112,136,442,881 118,041,056,775 140,374,775,982 28 Long-term debt to long-term capital 0.18 0.11 0.07 Table 6: Long-term Debt to Long-term Capital Ratio of Tan An Company Limited from 2012 to 2014 From these tables above, we have a graph which represents the data: Figure 5: Tan An’s solvency indicators graph Through this graph we can see that liabilities were on stable trend, it did not change much in three-year period But in near future, when the investment projects put into operation, the company’s profit will significantly increase and then, solvency risk of the company will also lower CHAPTER 3: INTERNSHIP OBJECTIVES, ASSIGNED TASK AND PERFORMANCE Internship Objectives: 1.1 Primary Objective: The primary objective of this report is to familiar with the working environment of present institutions and also fulfill the requirement of IB theoretical knowledge gained from the coursework of the IB program in a specific field 1.2 Secondary Objectives:  To understand and analyze the overall activities of Tan An Company Limited  To be familiar with different products of the company  To know the procedure of export and import  To evaluate the existing activities and techniques of the company  To study the operational efficiency  To find out some problems related to exporting and importing processes  To suggest the ways and means for improvement in policy and techniques  To relate the theoretical learning with the real life situation 29 Assigned tasks and performance Table 7: Schedule of Internship Week Date 18th Jan to 22nd Jan 25th Jan to 29th Jan 15th Feb to 19th Feb nd 22 Feb to 26th Feb Assigned tasks Performance - Getting to know and be familiar with people in Export-None Import Department - Observing how people completing exporting and importing contracts - Searching on the internet for general information (other - Finding general names, distribution, other basic information about three information) about: kinds of grass seeds • Bermuda grass seeds • Arachis Glabrata grass seeds • Axonopus Compressus grass seeds -Finding companies that export the grass seeds - Contact with the companies which have been found in the - Searching countries had exported the grass into Vietnam from the past then try to contact them and ask if they could sell the seeds to Vietnamese company (According to Vietnamese law, the Bermuda grass seeds and Arachis Glabrata grass are allowed to be imported from Thailand and Australia because they will not affect negatively to the ecosystem in Vietnam) - Contacting with New South Wales Department of Primary Industries - Agriculture-related matters and Asian Turfgrass Center which are two companies 30 previous week 29th Feb to 4th Mar -Report the result after contacting to the manager of exportimport department 7th Mar to 11st Mar -Support staffs to complete the contract of exporting wood selling the grass seed for asking information about some companies exporting these three kinds of grass seeds - Show a table which includes list of activities I have done to get the result: • The only company in Thailand does not have that kind of grass seeds available for exporting • One Australian company has agreed to export Arachis Glabrata grass seeds to Tan An company - Checking in detail of the export documents CHAPTER 4: ACHIEVEMENTS After six week internship at Tan An Company Limited, with the professional working environment and the dedicated guidance of everyone in the organization, I myself had the opportunity to practice the knowledge I have learned in school and access to many areas of work Namely: - Corporate culture: which is expressed through their business hours, how they setup office, their hiring decisions, treatment of clients and every other aspect - of operation Communication skills in the workplace: I realize the importance of these skills for people to meet the needs of others (for example: to determine how a specific job needs to be done or to identify ways in which improvement can be made) I learned that to communicate effectively at workplace I should: • Listening more for proper communication 31 • Empathy to be open to others’ thoughts and opinion no matter how much I may or may not agree with them • Patience when dealing with other people • Clarity to ensure that things get done in a timely manner and in the way that - they should Checking documents of export and import: A small error could have bad impacts to the whole contract so I had to be patient to check each document, especially date, quantity or name of products After that, I compared with other documents which are in the same contract to ensure all documents - correct Time management skill: Completing tasks on time is a necessary thing when working in a professional environment, so I started managing my time by writing the timetable for the next day and implementing seriously As a result, despite heavy workload, I streamlined to accomplish quickly and efficiently as requirement of the company In addition, during internship period, I have chances to applying knowledge learned at International School into real environment and fulfill the shortcomings through observing people of the company completing their tasks That helps me learn a lot of practical experience that books and schools not teach 32 REFERENCES: 1- Accounting Department., 2015 Legal documents and capacity introduction Hanoi: Tan An Company Limited 2- Tanan Group., n.d Giới thiệu công ty TNHH Tân An [Online] Available at:< http://tanangroup.com/home/?/gioi-thieu/tan-an-company_gioi-thieu-ve-cong-tytnhh-tan-an_7.html> [Accessed 4th March 2016] 3- Tanan Group., n.d Giới thiệu nhập Tân An [Online] Available at: [Accessed 4th March 2016] 4- Ket Vu Quang., n.d Phân tích biến động dòng tiền [Online] Available at: [ Accessed 6th March 2016] 5- Winterinmyheart., 2014 Cách phân tích chi tiết báo cáo tài doanh nghiệp [Online] Available at:< http://webketoan.com/threads/2297857-cach-phan-tich-chitiet-bao-cao-tai-chinh-doanh-nghiep/> [Accessed 5th March 2016] 33 Form 2: Schedule of the graduate internship VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL SOCIAL REPUBLIC OF VIETNAM Independence – Liberty - Happiness Schedule of the graduate internship Internship Company/Institution Tan An Company Limited Supervisor: Do Phuong Huyen Student’s full name:Kim Thi Minh Hong Student’s ID: 11071253 Class: IB2012B Major: International Business……………………………………… Week Date Tasks performed - Getting to know and be familiar with people in Export1 18th Jan to Import Department 22nd Jan - Observing how people completing exporting and importing contracts - Searching on the internet for general information (other 25th Jan to names, distribution, other basic information) about: 29th Jan • Bermuda grass seeds • Arachis Glabrata grass seeds • Axonopus Compressus grass seeds 34 Week Date Tasks performed - Searching countries had exported the grass into Vietnam from the past then try to contact them and ask if they could sell the seeds to Vietnamese company (According to 15th Feb to Vietnamese law, the Bermuda grass seeds and Arachis 19th Feb Glabrata grass are allowed to be imported from Thailand and Australia because they will not affect negatively to the ecosystem in Vietnam) - Contacting with New South Wales Department of Primary Industries - Agriculture-related matters and Asian 22nd Feb to Turfgrass Center which are two companies selling the 26th Feb grass seed for asking information about some companies exporting these three kinds of grass seeds - Show a table which includes list of activities I have done 29th Feb to 4th Mar to get the result: • The only company in Thailand does not have that kind of grass seeds available for exporting • One Australian company has agreed to export Arachis Glabrata grass seeds to Tan An company 7th Mar to - Checking in detail of the export documents 11st Mar Form 4: Evaluation of Graduate Internship Report for Internship Company/Institution VIETNAM NATIONAL UNIVERSITY, HANOI INTERNATIONAL SCHOOL SOCIAL REPUBLIC OF VIETNAM Independence – Liberty - Happiness Graduate Internship Evaluation (for Internship Company/Institution) Student’s full name: ……………………………………………………………………………………………… Student’s ID: Class: ……………………………….…………… 35 Major: ……………………………………………………………………………………………………….…………… Internship Company/Institution: …………………………………………………………………………… ………… Internship period: ………………………………………………………………………………………………… Sponsor: ………………………………………………………………………………………………………………………….………… Compliance with regulations of the company/institution: ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… Relationships, communication in the company/institution: ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… The assessment of knowledge, skills and attitudes: ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… ……………………………………………………………………………………………………………………………………………………… Confirmation of Internship Company/Institution Hanoi, ………………………………… (Signature and Full name) (Signature and Full name) Sponsor 36 [...]... documents and capacity introduction Hanoi: Tan An Company Limited 2- Tanan Group., n.d Giới thiệu về công ty TNHH Tân An [Online] Available at:< http://tanangroup.com/home/?/gioi-thieu /tan- an- company_ gioi-thieu-ve-cong-tytnhh -tan- an_ 7.html> [Accessed 4th March 2016] 3- Tanan Group., n.d Giới thiệu về nhập khẩu Tân An [Online] Available at: ... The only company in Thailand does not have that kind of grass seeds available for exporting • One Australian company has agreed to export Arachis Glabrata grass seeds to Tan An company - Checking in detail of the export documents CHAPTER 4: ACHIEVEMENTS After six week internship at Tan An Company Limited, with the professional working environment and the dedicated guidance of everyone in the organization,... resources should be allocated reasonably and used efficiently to ensure basic needs for training activities, scientific research, international cooperation and other activities 2.3 Analyzing company financial statements FINANCIAL STATEMENTs FROM 2012 TO 2014 16 Appendix 1: Income Statement of Tan An Company Limited from 2012 to 2014 INCOME STATEMENT Tan An Company Limited 2012-2014 Unit:VND (Source: Accounting... Objectives:  To understand and analyze the overall activities of Tan An Company Limited  To be familiar with different products of the company  To know the procedure of export and import  To evaluate the existing activities and techniques of the company  To study the operational efficiency  To find out some problems related to exporting and importing processes  To suggest the ways and means for improvement... Table 1: Return On Asset of Tan An Company Limited from 2012 to 2014 25 The table above shows the fluctuations of the company ROA for 3 years The evaluation of trend will be more apparent when shown on the chart below: Figure 3: Return On Assets of Tan An Limited Company from 2012 to 2014 The combinations of chart and table shows a rapid increase in return on asset of Tan An in 2013 With the similar... doing business at Tan - An Importing: This is the main source of Tan An for distributing within boundary and production With the highly demand of woods domestically, the company has been importing woods from the Africa and the Americas for years in such countries as: the Republic of the Congo, Colombia, Gabon, Cameroon, Angola, etc; whereas China is always the main land for Tan An company to import mental... On Equity of Tan An Company Limited from 2012 to 2014 From the table above, we have a graph showing the company' s ROE: Figure 4: Return On Equity of Tan An Company Limited from 2012 to 2014 This graph is quite similar to ROA graph that return on both equity and asset reached a peak in 2013 and declined in 2014 2.8 Liquidity Indicator 2.8.1 Current ratio The current ratio is a popular financial ratio... care… - Information technology and telecommunications 12 5 Products, market and target customers Tan An is a general trading company so it has a wide range of products to meet with different customer demands However, the company focuses mainly on producing and developing three main products: hydroelectric plant construction, wood and alloy For wood and alloy, markets that company selling is foreign market... 18,600,923,282 0 0 0 14,700,803,579 18,600,923,282 3,506,816,277 Appendix 3: Balance Sheet of Tan An Company Limited from 2012 to 2014 BALANCE SHEET Tan An Company Limited 2012-2014 20 Unit:VND (Source: Accounting Department) Assets 2012 2013 177,170,811,48 2014 A Current assets Cash and cash 157,575,030,335 6 238,324,120,664 I equivalents Cash and cash 14,700,803,597 18,600,923,282 3,506,816,277 14,700,803,597... got at least a bachelor degree and are trained professionally before working officially for Tan An company Standard of importing: - For many years co-operation, both parties are in close relationship and therefore raised the standard of each importing contract: delivery commodity, international payment, incoterms or insurance are solved - rapidly and fairly each time has any problem About the products,