CHAPTER 2: FINANCIAL STATEMENT ANALYSIS OF MINH DANG
2.1. Overview of Minh Dang Construction and Trading Joint Stock Company
2.1.1. Establishment and development
Minh Dang Construction and Trading Joint Stock Company was established and run in accordance with Enterprise Law No. 60/2005 / QH, which was passed by the National Assembly of the Socialist Republic of Vietnam on November 29, 2005, as well as other necessary legal documents.
Minh Dang Construction and Trading Joint Stock Company was established in 2006 and was registered with the Hanoi Department of Planning and Investment under the business registration certificate number 0101980066, which was issued on June 21, 2006.
➢ Company name: Minh Dang Construction and Trading Joint Stock Company
➢ Director in charge: Mr. Duong Viet Anh
➢ Company Head Office: 1055 Hong Ha Street, Chuong Duong Ward, Hoan Kiem District, Hanoi
➢ Transaction office: No. 20, Alley 1, Dong Me Street, Me Tri Ward, Nam Tu Liem District, Hanoi
➢ Tax code: 0101980066
➢ Phone: 024.222193832
➢ Fax: 024.222193832
➢ Email: minhdangcp@gmail.com
➢ The capital of the company's charter: 50,000,000,000 VND
Initially, the company focused on civil construction, such as houses, bridges, highways, and projects in the provinces of Hanoi, Bac Ninh and Quang Ninh, with difficulties and pressure.
The Company's management team is still 24
young, with little practical experience, and its facilities and construction equipment are limited and reliant. The Company's Board of Directors is still anxious to determine: For a construction unit, the most important factor in ensuring survival and progress is: completing construction on time, and achieving quality and credibility with customers. This is a comprehensive solution that the Company has successfully implemented since its inception.
Between 2015 and 2017, the Company chose to shift its emphasis to supplying construction teachers by focusing on building materials such as steel, cement, aluminum profiles, and bricks.
With the confidence of customers, the company's business has become increasingly convenient in the years 2018-2019. And, as the business environment has changed, the Company has quickly grasped consumer demand, Party and State policies on attracting investment projects to open industrial zones, and has boldly opened. Additional products to invest in and trade in, such as industrial machinery (transformers, boilers...).
On the path to national integration, industrialization, and transformation, the Company is still well aware of the difficulties and challenges that lie ahead, and it sets strategic goals, aiming to continually upgrade technology awareness and develop capacity in order to meet the highest consumer demands for all of the goods that the Company offers.
2.1.2. Functions and business line
The Company's main business role is stated in the business registration certificate of a Joint Stock Company issued on June 21, 2006 by the Hanoi Department of Planning and Investment.
The business lines of Minh Dang Construction and Trading Joint Stock Company are:
1. Civil engineering, highways, and construction.
2. Construction materials trading: steel, cement, aluminum profiles, etc.
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3. Importing of all types of production equipment...
When it comes to conditional business lines, companies only do business if they fulfill any of the legal requirements.
2.1.3. Organizational structure 2.1.3.1. Organizational chart
Figure 1: Organizational structure of Minh Dang Construction and Trading Joint Stock Company's management apparatus
2.1.3.2. Role of department
➢ Administrative Council:
The Board of Directors is in charge of financial management in accordance with the law, determining the company's path, and carrying out other rights and responsibilities set forth in the charter. Make a decision on who will be the company's CEO.
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➢ Director:
Manages all corporate operations in accordance with the law, is in charge of all corporate development and business activities, and instructs divisions to carry out their duties.
➢ Business Department:
Includes sales staff who are responsible for conducting market analysis, forming business networks, organizing construction activities, negotiating and signing contracts, and monitoring and controlling results.
Import and export plans for the company, monthly business plans for the company to ensure the amount of products it will sell to the market, and ensuring the company's smooth running The business is still healthy, and it does not stray too far from the goals it has set for itself.
➢ Engineering and Construction Department:
Construction and maintenance of construction-related technical materials. Manage the construction material quality chain, check the quality and appearance of goods before introducing them to consumers, and are in charge of inspecting and managing product quality materials before and after they are imported, as well as before they are handed over to the customers.
Responsible for customer care after purchase.
➢ Accounting and Finance Department:
Track the company's entire production and business activities, as well as vouchers for each trading transaction, financial planning, and settlement during the year. The role of effectively and efficiently controlling, distributing, and utilizing resources. Ensure that the state's commitments and the needs of workers are met.
➢ General Administration department
Assist company leaders in developing agency work plans; serves as a focal point for coordinating shared activities within the company's departments.
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Follow the labor situation and make personnel arrangements; advise the company and staff.