FAVV is one of three Vietnamese-based subsidiaries of FURUKAWA AUTOMOTIVE SYSTEMS INC. The subject was established in Jun 2020 in Vinh Long province. The subject spent one-year building, and the factory was officially put into production in Jun 2021. In 2022, business activities gained an impressive result with a dramatic increase in revenue that reached VND 924,712 million, climbing by 461.5% compared to the previous year. However, the sales still could not cover the COGS, leading to a suffered loss as in 2021. The subject's operation was wholly funded by external financial sources, mainly from long-term loans. Financial risk in the form of fixed-interest payments was high. Both working capital and tangible net worth are negative, therefore it is rather risky for business transactions with the subject. Therefore, we do not recommend the credit limit in this case.
Headquarters
Lot F, Binh Minh Industrial Park, My Loi Hamlet, My Hoa Commune
Vinh Long; Mekong River Delta;
Postal Code: 85000
Contact Details: Purchase the Furukawa Automotive Systems Vinh Long Vietnam Inc. report to view the information.
Website: https://fasvinhlong.vn/
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