Founded in 2014 in Tay Ninh Province, the subject is specialized in manufacturing and trading cassava starch. Its products are mainly exported to China. Currently, it has 2 cassava starch processing factories in Tay Ninh and Binh Dinh provinces. Due to the impact of the covid-19 pandemic, the subject's total sales drops to VND 936 billion in 2021. Thanks to better management of input costs and operating expenses, profit after tax increased to VND 35 billion in 2021. The business operation largely depended on the interest-bearing debts hence, its capital structure was unsafe. Besides, the subject remained high inventories, about 63% of the property. This led to low cash ratio of 0.06 times at year-end 2021, its instant payment capacity was not favorable.
Headquarters
No. 74, Hung Vuong Street, Quarter 4, Long Hoa Ward
Tay Ninh; South Eastern Vietnam;
Postal Code: 80000
Contact Details: Purchase the Nguyen Liem Co., Ltd report to view the information.
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