Tacvan Frozen Seafood Processing Export Company (Vietnam)

Being founded in 2000, the subject is engaged in processing frozen shrimp. The output products are exported overseas to USA, Australia, Singapore, China, Japan, Hong Kong, South Korea... Raw shrimp materials for its processing are not only purchased from local farmers but are also imported from India.The subject has just expanded its workshop area and its processing capacity improved from 2,700 tons of products per year to 3,700 tons of products per year since 2022. Currently, the subject's need for raw shrimp materials is over 5,000 tons per year.The subject's annual revenue oscillated recently. After having a serious slump due to the negative effects of the Covid Pandemic, its sales improved gradually in both 2021 and 2022, as a revelation from Mr. Sao, the quality manager.Regarding the financial leverage, to supplement working capital, the subject had to mobilize financial obligations. Thus, its ratio of liabilities by total assets stood around 72% recently, being normally higher than the industry average. However, it depended noticeably on interest-bearing debts. Thus, its capital structure was not very safe.