Binh Phat Forestry And Agricultural Products Co., Ltd (Vietnam)

According to our checks, SC was incorporated in Sep 2014 as a one-member limited liability company. Currently, Ms. LE THI THANH holds 100% shares of the subject. She also is Director. The subject is specialized in trading agricultural products as raw materials for the production of animal feed are mainly imported from India. As reported data, total sales increased by 37.37% in 2020 and continued to increase by 19.22% in 2021, having reached VND 968,644 million. The profit after tax was still positive but the value was very low due to high COGS and operating expenses. The majority of current assets were receivable from customers and inventory, indicating that the debt collection activity and the sales policy were inefficient. The subject's liabilities mainly came from payable to suppliers, it showed that the company took advantage of financial support from suppliers to do business.