“Travel agency” in Crystal Bay “ecosystem”.
Crystal Bay Travel Card Joint Stock Company (Crystal Bay Company) was established on June 9, 2021, headquartered on the 11th floor, Capital Place building, 29 Lieu Giai street, Ngoc Khanh ward, Ba Dinh district, Hanoi city . Mr. Nguyen Do Thanh Cong (1987) is the legal representative and General Director.
The main business of Crystal Bay Company is "travel agency". At the time of establishment, the company had a charter capital of 20 billion VND. By the end of 2021, the company increased its capital to 40 billion VND with a structure of 13 capital contributing shareholders.
Among them, the shareholder with the largest ownership ratio is Crystal Bay Intourist Co., Ltd. (address at building No. 5, International Marina Park, Nguyen Co Thach Street, Vinh Hoa Ward, Nha Trang City, Binh Duong Province). Khanh Hoa) contributed 35.4 billion VND, equivalent to 88.5% ownership.
Individual shareholders include: Nguyen Do Thanh Cong contributed 1 billion VND, owning 2.5%; Phan Hoang Phong Thu contributes 1 billion VND, owns 2.5%; Vu Duy Tung contributed 800 million VND, owning 2%; Tran Dao Tu contributed 500 million VND and owned 1.25%.
The remaining Mr. Nguyen Ngoc Thanh, Nguyen Trong Toan, Phan The Toan, Hoang Minh Hai, Nguyen Huy Viet each contributed 200 million VND, all owning 0.5%; Ms. Ta Thi Vui, Tran Thi Thu and Phan The Thanh each contributed 100 million VND, all owning 0.25%.
By the end of 2022, the company will continue to increase capital to 68 billion VND, information about shareholder structure and contribution ratio will not be announced.
Among them, Crystal Bay Intourist Co., Ltd. (Crystal Bay Intourist), a shareholder holding 88.5% of Crystal Bay Company, was established on May 18, 2021 with the main business line being "travel agency", charter capital. 10 billion VND. Mr. Truong Dang Hoang Thach (1989) is the legal representative and General Director.
Crystal Bay "core" legal entity
According to information published by Crystal Bay Tourism Group Joint Stock Company (Crystal Bay Group), both Crystal Bay Company and Crystal Bay Intourist are subsidiaries of Crystal Bay Group.
Crystal Bay Group was established on June 30, 2016, headquarter address is at box 02, floor 12A, VCN Tower building, 2 To Huu, Phuoc Hai ward, Nha Trang city, Khanh Hoa province. The main business line according to registration is "real estate business, land use rights belonging to the owner, user or tenant".
The legal representatives of Crystal Bay Group are Mr. Nguyen Duc Chi (1969) and Ms. Le Minh Ha (1967). Among them, Mr. Nguyen Duc Chi is Chairman of the Board of Directors, and Ms. Le Minh Ha is the General Director of the company.
According to the latest change announcement, in November 2023, Crystal Bay Group sharply increased its charter capital from VND 1,259.2 billion to VND 2,659.2 billion, the shareholder structure was not announced in detail by the company.
Another legal entity in the Crystal Bay "ecosystem" is Crystal Bay Joint Stock Company (Crystal Bay), this company was established on July 23, 2016, the main business field is "short stay services". day", with Mr. Nguyen Duc Chi as the legal representative and Chairman of the Board of Directors.
Initially, Crystal Bay had a charter capital of 250 billion VND. Of which, Mr. Nguyen Duc Chi contributed 150 billion VND, equivalent to 60% ownership. The remaining two shareholders include Nguyen Duc Tan and Nguyen Thi Duyen, each contributing 50 billion VND and both own 20% of the capital.
By September 2017, the company increased its capital to 600 billion VND. In October 2017, Crystal Bay's charter capital continued to increase to 1,200 billion VND, the shareholder structure and ownership ratio up to this point have not changed. However, in April 2020, the company's charter capital suddenly decreased to 1,000 billion VND, and in June 2021 it increased to 1,150 billion VND.
Business fluctuated, liabilities increased sharply
Crystal Bay's 2023 consolidated financial report recorded that the company's consolidated after-tax profit last year reached 101.4 billion VND, while the same period last year had a loss of 94 billion VND.
As of December 31, 2023, Crystal Bay's equity was at VND 1,862 billion, an increase of 5% compared to the previous year. The debt/equity ratio is at 2.46 times, equivalent to the company's liabilities at the end of 2023 being VND 4,579 billion, down 5.7% compared to the debt of VND 4,859 billion in 2022. VND At that time, Crystal Bay 's liabilities were 2.5 times higher than the company's equity.
Crystal Bay's outstanding bond debt/equity at the end of 2023 is at 1.14 times, corresponding to the business's outstanding bond debt of VND 2,122 billion. Outstanding bond debt is also 14% higher than the company's equity.
Notably, from 2021 - 2023, Crystal Bay's business picture fluctuates, when profit after tax is more than 89 billion VND in 2021, by 2022 the company has a loss of 94.5 billion VND and in 2023 it has a profit of 101.4 billion VND. copper.
Meanwhile, liabilities recorded a sharp increase, from VND 2,693 billion at the end of 2021 to VND 4,579 billion at the end of 2023, corresponding to an increase of 70% in 2 years.
