Founded in 2012, the subject is currently owned by Mr. Chu Van Chien with a charter capital of VND 10 billion. It is principally engaged in trading types of steel such as steel box, steel shape, steel pipe, steel sheet, purlin, related accessories, etc. By our survey, it imports a number of goods from China and Japan and purchases from domestic suppliers as well. Its products are domestically consumed. Revenue of the subject continuously improved over the past year, reaching VND 313 billion in 2021. However, its gross profit margin was always very thin, attaining just below 1.5% since 2018. Therefore, the reporting net income was modest. The total assets of the company rapidly expanded in 2021, standing at VND 158.6 billion at the end of the year owing to the enlargement of inventories. Storing such a high number of inventories also negatively impacted its quick and instant payments. Its operation performance was still low. Regarding financial leverage, liabilities were the main funding resources, financing more than 94% of assets as of 31 Dec 2021. Besides interest-bearing debts, it took significant advantage of short-term advances from clients as well as internal borrowing. Anyway, using high financial leverage caused remarkable risk. Its capital structure was not very safe.
Headquarters
Binh Xa Hamlet, Binh Phu Commune
Ha Noi (municipality); Red River Delta;
Postal Code: 10000-14000
Contact Details: Purchase the Northern Steel Manufacturing - Trading & Ex-Import Services Company Limited report to view the information.
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