GOLDEN IDEAS TRADING COMPANY LIMITED gets involved in designing and manufacturing backpacks, bags and clothes for SAMSUNG, PROCTER & GAMBLE… Products are used as gifts for promotional programs from these brands to their customers. Currently, the subject does not have export activities. Instead, the company only has entrusted export according to customer's designation.Total revenue was quite fluctuating over the period. This indicator showed a dramatic drop to VND 863 million in FY 2019. In addition, the company suffered from loss of VND 242 million in that year. Capital appropriated in inventory could hinder its ability to pay off debts to suppliers in short term. An average payment period (DPO) was up to 718 days in FY 2019. Despite not capitalizing financial loans, the financial situation was not sustainable. In other words, the company was quite vulnerable to business risk.To sum up, it is necessary to boost sales in upcoming time. Transactions should be put under prudent consideration.
Headquarters
No. 231/27, Kha Van Can Street, Hiep Binh Chanh Ward
Ho Chi Minh municipality; South Eastern Vietnam;
Postal Code: 70000-74000
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