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CALOFIC CORPORATION

Active

Business ID 5700101362

84-203 / 3846 993 / 3845 971

CALOFIC CORPORATION

Active

Business ID 5700101362

84-203 / 3846 993 / 3845 971

CALOFIC CORPORATION

Active

Summary

Name:

CALOFIC CORPORATION

Business ID (TIN):

5700101362

Date of Registration:

24 Jun 2011

Registered Office:

Quang Ninh Province Department of Finance

Address:

Cai Lan Port Area, Quang Ninh Province, Vietnam

Phone:

84-203 / 3846 993 / 3845 971

Fax:

(84-203) 3848 023

Financial Statement:

2020, 2021, 2022, 2023, 2024

CALOFIC CORPORATION (CÔNG TY TNHH CALOFIC): Stable Operations, Mixed Signals in Vietnam’s Edible Oil Market

CALOFIC CORPORATION (CÔNG TY TNHH CALOFIC), a foreign-invested company based in Ha Long City, Quang Ninh Province, has remained a consistent player in Vietnam’s edible oil and consumer goods sector. Operating under Business ID 5700101362, the company is best known for manufacturing popular household brands such as NEPTUNE, MEIZAN, SIMPLY, and POWER100. Despite maintaining stable profitability, the company’s recent financial results show both strengths and areas that warrant closer attention.

Revenue shows signs of contraction

CALOFIC CORPORATION recorded USD 425.69 million in sales in 2023, a 5.78% decline compared to the previous year. This marks the first drop in revenue after several years of consistent growth, including a nearly 20% increase in 2022. The drop could be attributed to market saturation, price competition, or weakened consumer demand, although no explanatory note was included in the report.

Despite this decline in sales, net profit rose by 22.83%, reaching USD 16.42 million in 2023. This improvement suggests that the company likely improved cost control, optimized operations, or benefited from more favorable input pricing. Nonetheless, rising profits in the face of shrinking sales raise questions about the sustainability of such margins moving forward.

Asset base contracts, but working capital remains healthy

In 2023, total assets fell by 5.9% to USD 206.32 million, while owner’s equity declined slightly by 0.27%. Though the drop is not drastic, it signals a slowdown in capital expansion or potentially tighter reinvestment activity. Despite this, working capital was reported at USD 149.71 million, a high level relative to the company’s size and indicative of strong short-term liquidity.

Such a capital position suggests that CALOFIC CORPORATION is not under immediate financial stress, but whether the company is actively investing for future growth is unclear. With nearly USD 173.7 million in equity, CALOFIC appears well-capitalized, even though growth momentum is slowing.

Diverse portfolio, local leadership

The company employs approximately 960 workers across its facilities in Ha Long, Hanoi, and Ho Chi Minh City. It produces a wide variety of cooking oils, household cleaning products, and food-related items. In addition to food manufacturing, the company is licensed to engage in wholesale trade, advertising, plastics production, and environmental services, reflecting a broad commercial scope.

CALOFIC CORPORATION is led by General Director Mr. Vu Van Phu, with Ms. Dao Thu Huong serving as Chief Accountant. Both are Vietnamese nationals, which provides the company a local face despite its 100% ownership by SITEKI INVESTMENTS PTE LTD, a Singapore-based entity affiliated with Wilmar International.

Verification recommended for supply chain stakeholders

Given its long operating history and national brand recognition, CALOFIC CORPORATION remains a well-established manufacturer in Vietnam. However, for investors, distributors, or suppliers evaluating the company’s financial outlook or risk exposure, independent due diligence remains essential. It is highly recommended to consult the Business Verification and Risk Management Service by Vanguard Business Information (VBI) to assess creditworthiness, financial trends, and legal standing.

Conclusion reflects a mixed picture

CALOFIC CORPORATION’s recent performance presents a mixed picture. Profitability is rising, but revenue and asset values are slipping. While the company’s liquidity and equity remain strong, the current figures suggest it may be transitioning from a growth phase to a more cautious operational mode. Stakeholders should monitor future developments closely to understand whether this is a temporary fluctuation or the beginning of a longer-term shift.

Legal Profile

English Name:

CALOFIC CORPORATION

Vietnamese Name:

CÔNG TY TNHH CALOFIC

Short Name:

CALOFIC

Business ID (TIN):

5700101362

Date of Registration:

24 Jun 2011

Registered Office:

Quang Ninh Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

VU V.P

Address:

Cai Lan Port Area, Quang Ninh Province, Vietnam

Phone:

84-203 / 3846 993 / 3845 971

Fax:

(84-203) 3848 023

Branch:

Room 3-5, 10th Floor, CornerStone Building, No. 16, Phan Chu Trinh Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

Branch:

Lot C21 and Lot C18-C24, Hiep Phuoc Industrial Park, Hiep Phuoc Commune, Nha Be District, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2023 Manufacture of cosmetics, soap and detergents, cleaning and polishing preparations and toilet preparations

Industry Sales Growth

CAGR (2019 - 2023)

0.66%

YoY (2023)

3.33%

Companies by industry

Company distribution and propportions

3,549

0.1221%

Key Industry Players

Top 10 companies in manufacture of cosmetics, soap and detergents, cleaning and polishing preparations and toilet preparations industry

net detergent joint -stock company vico company limited unilever vietnam international company limited procter & gamble indochina company limited colgate-palmolive (vietnam) limited lix detergent joint stock company vina cosmo co., ltd tico joint stock company dai viet huong joint stock company kao vietnam limited liability company

Payment History

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Financial Performance

Assets	-48.29%
Owner’s Equity	28.69%
Working Capital	-67.00%
Net Worth	-9.31%
Sales	61.97%
Operating income	-4.06%
EBIT	-75.20%
Gross Profit Margin	-42.78%
Debt to EBITDA	-82.81%

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Negative Payment Records

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Litigation Records; Negative News

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Profit and Loss Statement

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Opinion from Analysts

Specific Questions About CALOFIC CORPORATION

When did CALOFIC CORPORATION start operating?

CALOFIC CORPORATION was started in 24 Jun 2011

What industry does CALOFIC CORPORATION operate in?

CALOFIC CORPORATION is operating in "Manufacture of cosmetics, soap and detergents, cleaning and polishing preparations and toilet preparations" industry

How can I contact CALOFIC CORPORATION?

CALOFIC CORPORATION phone numbers is 84-203 / 3846 993 / 3845 971

What adverse news is there about CALOFIC CORPORATION?

CALOFIC CORPORATION’s has no negative news

What is stock symbol of CALOFIC CORPORATION?

CALOFIC CORPORATION is not listed company

Where is the location of CALOFIC CORPORATION?

CALOFIC CORPORATION is located at Cai Lan Port Area, Quang Ninh Province, Vietnam

What is CALOFIC CORPORATION’s business registration?

CALOFIC CORPORATION business registration is 5700101362

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