BIDV Cau Giay announces the auction of debts

Publish date
01/11/2019

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Joint Stock Commercial Bank for Investment and Development of Vietnam - Cau Giay Branch (BIDV Cau Giay) hereby announces the selection of property auction organizations as follows:

1. Information of debt:

a. Debtor:

- Company name: Dai Phat Inox Co.,Ltd

- Address: B2 road, B sector, Pho Noi A Industrial Zone, Lac Hong ward, Van Lam commune, Hung Yen province.

b. Total outstanding as of 31 October 2019: VND243,690,163,379 (exchange rate of 23,145VND/USD)

- Principal: VND149,029,158,599

- Interest: VND88,736,001,347

- Overdue interest: VND5,925,003,433

c. Collateral:

No.

Collateral detail

Information

1

Land use right at Pho Noi A Industrial Zone, Lac Hong ward, Van Lam commune, Hung Yen province.

+ Total area: 12,000 m2

+ Rent paid annually

+ Rent expiration: 2054

+ Synchronized infrastructure

2

Production building, include:

+ Production plant: total area of 5500m2, 1 story, dimension 110 * 50 * 15.76 (m)

+ Control house: total area of 360m2, 2.5 stories, dimension 30 * 12 (m)

+ Security post: total area of 62m2, 1 story

+ Vehicle storage house: total area of 200m2, 1 story, 40m long, 5m wide

+ Internal roads, fence and entrance gate

Newly built, finished and began operation since 2010

3

Machines and systems for producing stainless steel and supporting components

+ Purchased in 2010 and in operation since

+ Production output: 9000 tons per year

4

Hino truck with crane, license plate 30F-3117

Manufactured in 2010

5

Lexus car, model RX450, license plate 29A-012.82

Manufactured in 2010

2. Information of the seller

- Seller: Vietnam Asset Management Company (VAMC). Address: 22 Hang Voi street, Hoan Kiem district, Hanoi

- Authorizing and executing entity: BIDV Cau Giay. Address: No. 263 Cau Giay street, Hanoi

3. Starting price: Total outstanding of the debt.

4. 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 Cau Giay no later than 07 days from the date of notification).

5. Place of submission:

- Joint Stock Commercial Bank for Investment and Development of Vietnam - Cau Giay Branch, 263 Cau Giay street, Dich Vong ward, Cau Giay district, Hanoi.

- Contact person: Mr. Tran Hoai Nam - Corporate banking Department 2 (email: namth5@bidv.com.vn; phone number: 0975.838.575).

6. Selection criteria:

Auction organization must meet criteria specified in Clause 4, Article 56 of the Law on Asset Auction and the following criteria:

- Have asset auction license.

- Have ability and experience in auction activities.

- Have operated for at least 3 years.

- Have at least 3 auctioneers.

- Have at least 3 branches/representative offices.

7. Documents required:

- Enterprise legal document.

- Enterprise capacity and experience profile.

- Quotation and other commitments of auction organization (if any)

- Other documents as required by the Branch.

* Note:

- Notice on selection shall automatically become invalid in case the auction organization is not permitted to conduct auction in accordance with the law.

- BIDV Cau Giay shall send a written notice of the results to the selected auction organization; those who have not been informed of the results are deemed unsuccessful. We do not return the applications of the unselected organization.

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