Mavin Austfeed Joint Stock Company (Vietnam)

Established in 2004, the subject specializes in manufacturing and trading animal feed. It has run for nearly 20 years in this field. The subject mainly imports materials for production from foreign markets such as USA, China, Argentina, Singapore, etc,... After that, its products also are exported to Laos, Cambodia. As reported data, total assets increased to over VND 2,000 billion in the period 2018-2022. The annual business results were satisfactory. Self-financing ability was improved step by step thanks to an increase in the owner's investment capital. Nonetheless, the minus point is that based on payment history data from our source, the subject had an overdue item to its creditor (EVONIK VIETNAM LIMITED LIABILITY COMPANY) with a value of VND 3,710 million as of 25 Jul 2017. We do not have the newest information about this overdue item, but anyway with a history of previous bad debt. Therefore, periodical monitoring of transactions is necessary with the subject.