BIDV Bac Hung Yen announces the selection of organizations for debt auction

Publish date
06/05/2020

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Bank for Investment and Development of Vietnam - Bac Hung Yen Branch (BIDV Bac Hung Yen Branch) announces the selection of organizations for debt auction as following:

1. Debt Information

- Customer’s name: Hoa Binh Manufacture and Trade Co., Ltd

- Address: Gia Pham Commune, Yen My district, Hung Yen Province

- Business registration certificate No. 0900191237 issued by Department of Planning and Investment of Hung Yen Province dated 20 December 2001, amendment for the 12th time on 29 August 2017.

- Main production and business lines: manufacturing, processing stainless steel products.

- Total outstanding as of 05 May 2020: VND426,396,760,611; in particular:

+ Principal balance: VND216,660,923,233

+ Interest and penalty fee: VND209,735,837,378

- Secured collateral include:

i) Company’s factory, auxiliary works and machinery at Giai Pham Commune, Yen My District, Hung Yen Province. Specifically:

+ Property located on land lot No. 02, map sheet number 04 in Giai Pham commune, Yen My district, Hung Yen province; land area 15.368 m2; Private use; industrial park land; land use by 18th January, 2052; The State leases land with annual payment according to the Certificate of land use rights, ownership of houses and other assets attached to land No. BI 453993 issued by the People’s Committee of Hung Yen Province for Hoa Binh Manufacture and Trade Co., Ltd dated 05th September 2013. Property details on the land include: Office house with an area of ​​503 m2; factory K1 with an area of 4.120 m2 ; factory K3 with an area of 3.525 m2 ; security houses with an area of 82 m2 ; warehouse with an area of 463 m2 under the property mortgage contract No. 01-2014/HĐTC on 13th January, 2014.

+ Machinery and equipment are tube winding machine, mould tube, mold box; Tube winding machine TQ - YC 70; Metal pipe processing line; Polishing machine; Air strapping machine; Rolling grinding machine; Machine for bending steel and steel molds of all kinds; Ammoniac refining and resolution machine 40m3/h - QA-40; Stainless steel cold rolling mill line; Industrial air compressor; Continuous annealing furnace SMT910 (annealed stainless steel); Cranes system 16MT; Tube winding machine; Polishing machine and standard accessories included; Stainless steel coil air rivet YC-160; Cutting machine and tool grinding machine; Grinding machine lot, Welder (LEPAO TIG STAR 580); Welder TIG; Crane System; Stainless steel screw machine 40; Crane 3TX26M at Gia Pham Commune, Yen My District, Hung Yen Province of Hoa Binh Manufacture and Trade Co., Ltd under the property mortgage contract No. 02-2014/HĐTC on 10 January, 2014.

ii) Land use rights of Mr. Vu Huu Cuong and his wife Ms. Nguyen Thu Huong at No.02 Alley 548/549 Nguyen Van Cu Street, Gia Thuy Commune, Long Bien district, Ha Noi, with an area of 78,1 m2 (Seventy eight point one square meters./.) under the real estate mortgage contract to ensure the performance of obligations of others No. 02/2012/HĐTC dated 05th October 2012.

iii) Land use rights of Mr. Vu The Dat and his wife Ms. Vu Tuyet Nhung at No.95 Dinh Dong Lane, Bach Mai, Group 23, Thanh Nhan Commune, Hai Ba Trung district, Ha Noi, with an area of 27,8 m2 (Twenty seven point eight square meters./.) under the real estate mortgage contract to ensure the performance of obligations of others No. 03/2013/HĐTC dated 02nd November 2013.

iv) Land use rights of Mr. Tran Thanh Son and his wife Ms. Nguyen Hong Nhung at Dai Tu Street, Dai Kim Commune, Hoang Mai District, Ha Noi, with an area of 50,4 m2 (Fifty point four square meters./.) under the real estate mortgage contract to ensure the performance of obligations of others No. 04/2013/HĐTC dated 02nd November 2013.

- Starting price: VND 426,396,760,611 (In words: Four hundred twenty six billion, three hundred ninety six million, seven hundred sixty thousand, six hundred and eleven Vietnamese dong./.)

2. Deadline for application submission:

The deadline for direct application submission is 05 days from the date of notification (date of documents submitted by post shall be determined by postmark but must be delivered to BIDV Bac Hung Yen no later than 07 days from the date of notification).

3. Place of submission:

- Joint Stock Commercial Bank for Investment and Development of Vietnam – Bac Hung Yen Branch, Corporate customer department 1

- Contact person: Ms. Le Thi Linh Chi (Email: chiltl@bidv.com.vn; Phone: 0985.038.213)

4. Selection criteria

Organizations registering for auction must meet the criteria specified in Clause 4, Article 56 of the Law on Property Auction and listed as following:

- Having property auction function.

- Having a minimum of 03 years operation.

- Having at least 03 auctioneers.

- Having at least 03 branches/representative offices.

5. Registration documents include:

- Enterprise legal documents

- Description of capacity and experience.

- Auction letter, other commitments of the auction organization (if any).

* Note:

- The registration documents automatically expire in case that the auction organization is not auctioned according to law.

- BIDV Bac Hung Yen Branch will issue a written notice of the result to the selected debt auction organization, those not being selected will not receive such notice. The documents will not be returned to unselected organizations.

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