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

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/INST

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: 9 th

floor JSC34 , lane 164 Khuat Duy Tien, Thanh Xuan, Ha Noi, Viet Nam

Supervisor: Mrs Do Phuong HuyenStudent’s full name: Kim Thi Minh HongStudent’s ID: 11071253

Major: International BusinessClass: IB2012B

Hanoi,11st March 2016

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 givingmethe knowledge and studying methods Their teaching not only helps me gainessential knowledge and skills during 5 years but also lays the foundation for myfuture 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 meduring internship time at Tan An Company

I must mention the wonderful working environment and group commitment of thiscompany that has enabled me a lot deal to do and observe the export and importactivities during my internship period of six weeks I would particularly like tothank all staff from Export-Import Department and all members of Tan Ancompany for their help, support and providing related information, data

Last but not least, I convey my sincere thanks to my family friends who inspire indifferent 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 ………

1 The performance of the schedule: Internship period starts from 18 th Jan 2016 to 11st Mar 2016…… ……….

……….………

2 Awareness, attitude: ………

………

………

………Other comments: ………

………

………

………

Hanoi, ………

Supervisor

(Signature and Full name)

Table of Contents

Acknowledgement 1

LIST OF TABLES, APPENDIXES AND FIGURES 6

CHAPTER 1: REPORT OVERVIEW OF INTERNSHIP COMPANY/ INSTITUTION: TAN AN COMPANY 7

1 General information 7

1.1 Name of the company 7

1.2 Address of headquarters 7

1.3 Legal representative of the company 7

1.4 Industry and Business fields 7

2 Key milestones operating history 9

3 Mission, Vision and Core Value 10

4 Organizational structure 10

4.1 Functions and duties of the Board of Directors 11

4.2 Functions and duties of the departments 12

5 Products, market and target customers 13

CHAPTER 2: REPORT ON THE TAN AN COMPANY’S BUSINESS ACTIVITIES 13

1 Business activities 13

1.1 The company’s value chain 13

2 Financial and accounting activities 16

2.1 Roles and position of financial and accounting activities 16

2.2 Strategy 17

2.3 Analyzing company financial statements 17

2.4 Analyze cash inflow from 2012-2014 24

2.5 Analyze investing activities 25

2.6 Analyze financial activities 26

2.7 Profitability Indicators 26

2.8 Liquidity Indicator 29

2.9 Solvency indicators 30

CHAPTER 3: INTERNSHIP OBJECTIVES, ASSIGNED TASK AND PERFORMANCE 32

1 Internship Objectives: 32

1.1 Primary Objective: 32

1.2 Secondary Objectives: 32

2 Assigned tasks and performance 33

CHAPTER 4: ACHIEVEMENTS 35

REFERENCES: 37

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 20

CHAPTER 1: REPORT OVERVIEW OF INTERNSHIP COMPANY/ INSTITUTION: TAN AN COMPANY

1 General information

1.1 Name of the company

Tan An Company Limited

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 ConstructionIndustry and Commercial Industry

1.4.1 Exploiting

In order to serve for the manufacturing procedure and exporting raw materials toforeign countries (especially to China), Tan An company registered to exploitingsome 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 listedafter

- 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.

2 Key milestones operating history

- 1995: Tan An Company is founded

- 2004: In late 2004, Tan An Co., Ltd started construction cluster of Phu MauHydroelectric plant at Phu Mau village, Liem Phu, Van Ban District, Lao CaiProvince, Vietnam The company officially inaugurated the plant in 2009 The plantconsists of three shelves, total capacity of 7.5 MW, water column height 250mapproximately

 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

- 2008: the company has joint ventures with Chinese partners to build Ferro

Mangan factory Its main products are mangan carbon low average, mangan carbon high, silinco mangan alloy These products are essentialmaterials for molding industry and steel production, total output of about100,000 tons per year

ferro 2009: Tan An MDF Wool Factoryferro Vinafor Hoa Binh began construction in

2009 and has been running at full capacity since 2013 Main product of thefactory is MDF synthetic wooden plank with thickness from 8-25mm, 2.440mmheight and 1.220mm weight This kind of plank is convenient for theconstruction, 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 FeMn80C0.5, FeMn80C2.0,FeMn80C1.0, FeMn80C0.7 and FeMn75C2.0, included two refining furnace1800KVA reaching the output of 28,000 tons per year

3 Mission, Vision and Core Value

- With the motto “Cooperation - Development”, Tan An Company expresseddetermination 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 domesticindustry

4 Organizational structure

The main structure of the company will be illustrated below:

Figure 1: Tan An organizational chart.

Source: www.tanangroup.com

4.1 Functions and duties of the Board of Directors

4.1.1 Chairman

- Directing and urging the entire operations of the company;

- Planning and specifying corporate development orientation;

- Making decisions about emulation, reward and discipline;

- Signing the company’s expenditure…

4.1.2 General director

- Being a legal representative of the company;

- Being authorized to sign the financial reports, economic contracts;

Board of Directors

Accounting

Department

Import Department

Export-Hydroelectric Project Department

General Trading Department

Test and Measurement Equipment Depart ment Chairman

General Director

- Proposing staffing issues, salaries of departments to the chairman of the

company to sign the decision

4.2 Functions and duties of the departments

4.2.1 Accounting Department

- Money out - making payments and keeping the bills paid

- Money printing - processing incoming payments

- Payroll - make sure everyone gets paid (Including the government

requirements)

- Reporting - Preparing Financial reports, balance sheets and budgets

- Financial Controls - to avoid errors, fraud and theft.

4.2.2 Export-Import Department

- Managing and execute external activities, analysis, market expansion and

product introduction

- Exploiting domestic and imported alloy for supply of materials, goods for

production and business

- Managing exports of products produced and distributed by the company.

4.2.3 Hydroelectric Project Department

- Building all hydroelectric systems of the company

- Combining with foreign partners in order to produce, provide, install

mechanical equipment systems, hydraulic equipment and control allhydroelectric plants

4.2.4 General Trading Department

- Making the business plans and methods to implement the plans

- Managing the cost of materials, fuel and raw materials

- Managing revenue and customer liabilities

- Drafting of economic contracts, contract of sale, capital contribution

4.2.5 Test and Measurement Equipment Department

- Providing equipment and solutions for test and measurement

- Supplying equipment for science and technology, education and health care…

- Information technology and telecommunications.

5 Products, market and target customers

Tan An is a general trading company so it has a wide range of products to meet withdifferent customer demands However, the company focuses mainly on producingand developing three main products: hydroelectric plant construction, wood andalloy

For wood and alloy, markets that company selling is foreign market such as China,Korea, Japan, Israel Because the demand of wood and ore is really huge in thesecountries and customs procedures of the countries are not too strict for thecompany’s products Customers of the products are mainly small and mediumenterprises

Contrast to wood and alloy, hydroelectricity plant construction is for only domesticmarket Customers of this kind of product are hydroelectric systems in Tay Nguyenwhere gathers many hydropower plants

CHAPTER 2: REPORT ON THE TAN AN COMPANY’S BUSINESS

ACTIVITIES

1 Business activities

1.1 The company’s value chain

Figure 2: Tan An’s value chain

(Source: General Trading Department)

1.1.1 Exploitation and importation

For the purpose of doing business, every company need to find out the materialresources and then go to get that materials by any methods In Tan An company,there are two ways of taking the materials resources: exploiting natural resources orimporting such kind of raw materials or products, machines, technologies, etc.There will be described deeply about raw materials not machines and technologies(because of the use of supporting for producing)

Sources of resources:

- Exploiting: As registered to the Vietnamese law, Tan An company is

allowed to take advantages of natural resources at Northern areaswhere are woods from timber forests and mixed forests with bamboowood, pure bamboo forests and mixed wood forests; and oreexploitation mainly in Quang Ninh, Thai Nguyen and Ninh Binhprovince but it is just a small partial of mental ore and wood sourceswhich are main ingredients for producing and doing business at TanAn

Exploitin

g

Importing

Producing

Distribution

Wholesale domestically

Exporting

- Importing: This is the main source of Tan An for distributing within

boundary and production With the highly demand of woodsdomestically, the company has been importing woods from the Africaand the Americas for years in such countries as: the Republic of theCongo, Colombia, Gabon, Cameroon, Angola, etc; whereas China isalways the main land for Tan An company to import mental ores over

a decade

Workers and employees:

- Blue-collar workers: there is no need to have education-based for

those who want to work in the sites, as long as their health are goodenough, having experiences and especially clearly understand aboutthe objects they are exploiting (normally natives priority)

- White-collar employees: normally act as supervisors and importers In

Tan An, all employees were got at least a bachelor degree and aretrained 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: deliverycommodity, international payment, incoterms or insurance are solvedrapidly and fairly each time has any problem

- About the products, after delivery, the foreign countries always sent

the samples to Tan An company for comparison afterward If there areany miss-matched with the sample or any damage of goods, then bothparties go to deal together In fact, this case rarely happens whiletrading between Tan An and foreign companies

1.1.2 Production

After the first process, those raw materials will be transferred following 2 ways:distributing directly to customers (wholesale to other domestic companies) or beingprocessed until becoming finished goods The company focuses on investing inproduction, because production is fundamental for the company to develop stably.The importing raw materials is for producing furniture, handicraft items, and alsofor supplying to other business within Vietnamese boundary

Place of factories: Tan An company owns:

- An iron factory in Ninh Binh province where processing the mental ores to

supply building materials for the Vietnamese market

- Phu Mau hydroelectric plants in Lao Cai province where supplies the electricity

for some institution and company

- MDF factory: main product of the factory is MDF synthetic wooden plank with

thickness from 8-25mm, 2.440mm height and 1.220mm weight

1.1.3 Marketing, sale and distribution

The company use online sales and catalogs and direct mail to approach customersand sell products As the contract is signed, the company has its own specializedlogistics team in charge of completing procedures and distribute to customers

2 Financial and accounting activities

2.1 Roles and position of financial and accounting activities

- Helping the company to regularly monitor the operations of business

production: manufacturing processes, monitoring the market and so on In thisway, manager can administrate activities fluently and control internal better

- Providing business documents as a basis for planning programs for each stage,

for each period Thus managers can evaluate job performance, outlines thefuture direction

- Being the legal basis for dispute resolution complaint, as evidence of

commercial practices

- Risk management and insurance for businesses.

2.2 Strategy

- Strengthening the financial resources, both in scale and structure.

- The financial resources should be allocated reasonably and used efficiently to

ensure basic needs for training activities, scientific research, internationalcooperation and other activities

2.3 Analyzing company financial statements

FINANCIAL STATEMENTs FROM 2012 TO 2014

Appendix 1: Income Statement of Tan An Company Limited from 2012 to 2014.

INCOME STATEMENT Tan An Company Limited

Net revenue from

sales and services 471,269,121,814 548,662,181,579 543,803,640,645

Gross profit from

sales and services 17,104,750,643 25,844,225,445 21,992,624,308

Appendix 2: Cash Flow Statement of Tan An Company Limited from 2012 to 2014.

CASH FLOW STATEMENT Tan An Company Limited

-8

593,361,236,30

1 Receipts from share

issuing and owners

3 Receipt from

short-term and long-short-term

411,472,509,24

-9

539,921,237,04

-3

Net cash flow from

financial activities

179,676,771,376

15,021,390,542 79,889,301,019

Net changes in cash and

cash equivalents

7,405,315,238 3,891,644,685 -15,094,107,005

Cash and cash equivalent

at the beginning of the

7,295,488,359 14,709,287,597 18,600,923,282