DAKLAK SEPTEMBER 2ND IMPORT - EXPORT COMPANY LIMITED

DAKLAK SEPTEMBER 2ND IMPORT - EXPORT COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN XUẤT NHẬP KHẨU 2-9 ĐẮK LẮK), also known as SIMEXCO DAKLAK LTD., is a state-owned enterprise with Business Registration Number 6000234538. Founded on July 4, 2006, and headquartered in Buon Ma Thuot City, Dak Lak Province, the company has over 18 years of operational history in agricultural export, primarily dealing in coffee beans and pepper. The enterprise is fully owned by the Dak Lak Provincial Party Committee and maintains active business sites in Ho Chi Minh City and Binh Duong Province.

DAKLAK SEPTEMBER 2ND IMPORT - EXPORT COMPANY LIMITED is structured as a one-member limited liability company with a charter and paid-up capital of approximately USD 12.95 million. The leadership team includes Mr. LE TIEN HUNG as Chairman and Mr. LE DUC HUY as General Director. The company employs around 360 people and remains a recognizable name in Vietnam’s export commodity sector.

In 2023, the company reported total assets of USD 27.76 million and sales of USD 280.69 million. Sales rose 5.41% from the previous year, showing continued market demand for its products, particularly coffee. However, its profit dropped by over 31% to USD 2.81 million, and net worth stood at USD 16.83 million, down slightly by 0.3%. The declining profit despite rising sales may indicate tighter margins, increased production costs, or weakened pricing power in global markets. Furthermore, total assets declined for the second consecutive year, a signal that capital reinvestment or asset maintenance may not be keeping pace with revenue expansion.

The company’s equity base has remained relatively stable over the past three years, but without strong upward movement. Working capital, recorded at USD 13.76 million, suggests the company maintains enough liquidity for its near-term operations, which is positive. Still, the absence of growth in owner’s equity and a significant drop in profits should be carefully considered by potential business partners or investors.

DAKLAK SEPTEMBER 2ND IMPORT - EXPORT COMPANY LIMITED is actively engaged in various registered business lines besides agricultural trading, including food processing, beverage wholesaling, transportation, property trading, and tourism services. While this diversification can offer multiple revenue streams, it may also dilute the company’s focus on its core export strength.

For financial institutions, trade partners, and analysts, a full Company Report and up-to-date Vietnam Financial Dataare critical for evaluating the company’s true financial standing. Given its public ownership and mixed performance indicators, Risk Management Services and Business Verification Services from providers like VANGUARD BUSINESS INFORMATION LLC (VBI) are recommended before entering into significant contractual obligations with DAKLAK SEPTEMBER 2ND IMPORT - EXPORT COMPANY LIMITED. This is a company with a long track record and steady revenue, but also signs of profitability strain that should not be overlooked.