Established in 2015 in Ha Noi City, the subject specializes in trading agricultural raw materials, and materials for the manufacturing livestock feed. The subject still operates under the charter capital of VND 100 billion. Recently, the shareholder list has been adjusted, according to the confirmation of Mr. Le Anh Dung, former Chairman cum Director, the subject is contributed capital by three individuals and BSH HANOI INSURANCE CO., LTD, one of the members of SAI GON - HANOI INSURANCE CORPORATION, which specializes in the field of insurance. SAI GON - HANOI INSURANCE CORPORATION is led by Mr. Do Quang Hien, who is also the chairman of T&T GROUP (one of the large individual groups in Vietnam) and SAI GON – HANOI COMMERCIAL JOINT STOCK BANK (SHB), one of the two main transaction banks of the company.According to Mr. Dung, the subject mainly imports agricultural raw materials from South Korea and Singapore. Its market share is nationwide. The subject's business activity has been less affected by the Pandemic in the first years of operation (the period 2016 - 2020). However, in the first months of 2021, the subject also has met difficulty in debt collection due to the strong outbreak of the Pandemic in Vietnam.The subject's business result strongly increased in recent years, revenue reached tens of trillions dong per year. Especially last year, turnover was up to VND 15.5 trillion. However, the gross profit margin was very thin at below 1 percent hence the profitability performance was modest.Liabilities were the main funding sources for the subject's business activity but the company took good advantage of credit from its suppliers, the trade credits held 66.73% of total assets as of 31 Dec 2020. In addition, the subject also significantly used interest-bearing debts. The self-financing capacity was very weak with shareholder equity of below 3%. Generally, the financial leverage was less safe. The current assets were mainly "receivable from customers" and "Other receivable". Mr. Dung confirmed that the large "other receivable" came from other business activities of the company (besides the main operation). Noticeably, last year, the company did not record inventory at the end of the accounting period because imported goods were immediately distributed to its customers, it also has no warehouse, Mr. Dung said. Generally, liquidity capacity was acceptable.
Headquarters
No. 52, Ba Trieu Street, Hang Bai Ward
Ha Noi (municipality); Red River Delta;
Postal Code: 10000-14000
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