According to the bank document, Indo Trans Logistics Corporation (“ITL” or the “Company”) is a logistic company headquartered in Ho Chi Minh City, with more than 90 branch offices and distribution centers throughout Vietnam. ITL has 5 business lines: aviation services, freight management (including railway logistics), contract logistics, visa application centers and last-mile/express delivery.
The loan from IFC will support the transition of a domestic logistic player in Vietnam (via investment and acquisition) into an integrated service provider capable of delivering higher quality and efficient solutions to meet Vietnam's growing demand for logistics services. The main project-level effect is on stakeholders through improved access and quality of service for customers. Beyond the Project, the main source of expected market impact is contribution to market competitiveness via demonstration effects by supporting the development of a holistic logistics platform providing high-value-added services.
ITL has 81 offices servicing more than 30 cities across Vietnam, Cambodia, Laos, Myanmar, Thailand, and Singapore. It has 17 subsidiaries and 7 associate companies.
The proposed IFC investment in ITL is up to US$ 50 million in the form of a senior, secured, corporate loan.
ITL has a number of group subsidiaries delivering abovementioned business lines. The Company currently owns and operates about 15 large- and medium-sized distribution centers and warehouses, with an average total floor space of about 1.2 ha each. The Company also operates a railway cargo station with an area of 2.8 ha in central Hanoi and a 0.8 ha airport cargo warehouse near Noi Bai International Airport. ITL further owns and operates a fleet of about 500 trucks directly and in subsidiaries. Products handled and stored by the Company at its warehouses are predominantly consumer products and electric appliances. The proposed IFC investment (the “Project”) is a senior corporate loan up to US$50 million to fund ITL’s growth.
Shareholders of the Company include:
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Indo Trans Logistics (ITL) Corporation||Client||-|
|-||-||-||-||SEA Investment Joint Stock Company||Investor||-|
|-||-||-||-||Symphony Logistic Pte. Ltd.||Investor||-|
Indo Trans Logistics Corporation
Mr. Simon Thuc
+848 3948 6888 ext 8035
52-54-56 Truong Son St., Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam
2/ IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/ Local Access for Project Documentation
Indo Trans Logistic Vietnam
No.52-54-56 Truong Son St., Ward 2, Tan Binh District
Ho Chi Minh City, Viet Nam
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