Ha Nam Textile Company (Vietnam)

The subject was established in 1996 in Ha Nam province, Vietnam. It specializes in manufacturing and trading cotton yarn. As revealed, materials for production are mainly imported from India and USA, besides, it also imports from other markets such as China, South Korea, Hong Kong, etc. About 90% of finished products are to exported, the main market is China.As reported, it appears that the company operated ineffectively in recent years. Although total sales were satisfactory, the company was lost continuously. Owner's equity was eroded remarkably by accumulated losses, so the company's operations was depended so much on external funds. In the latest two years, short-term and long-term loans held over 71% of total capital. This might bring financial risk.In general, transaction should be proceeded under periodic monitoring