MAPLE COMPANY LIMITED

MAPLE COMPANY LIMITED (CÔNG TY TNHH MAPLE) is located at No. 120, Road 14, VSIP Hai Phong Urban, Industrial and Service Park, Thuy Ha Ward, Thuy Nguyen City, Hai Phong, operating under Business ID 0201658007. Established in 2015, MAPLE COMPANY LIMITED is a foreign-invested manufacturer specializing in export-oriented garment production, supported by a workforce of around 2,500 employees. 

The company is managed by Mr. Ma W. C., General Director, with operational support from Mr. Yap C. L., Managing Director. Its entire ownership is held by Herberton Private Limited of Singapore, making MAPLE a wholly foreign-owned enterprise with strategic and financial control centralized outside Vietnam. 

Financially, MAPLE COMPANY LIMITED presents a complex and high-risk profile. Despite achieving USD 92.74 million in sales in 2023—with a steady 5.59% YoY increase—the company continues to report negative equity of USD -4.79 million and negative net worth of USD -5.49 million. Its working capital is profoundly negative at USD -22.11 million, indicating structural liquidity constraints and potential reliance on shareholder funding or short-term borrowing to maintain operations. 

Company Profile Report-MAPLE CO…

Although profit rebounded sharply to USD 2.19 million after a significant loss in 2022, this recovery is not enough to offset the company’s accumulated deficits. Total assets have been declining for two consecutive years, falling to USD 81.61 million, suggesting reduced investment capacity or aggressive depreciation of previously invested capital. For a large garment exporter, persistent negative equity is a key warning signal, reflecting a thin financial buffer and limited resilience against market volatility, order fluctuations, or cost shocks.

From a risk-management perspective, MAPLE COMPANY LIMITED should be approached with caution. Its reliance on external ownership, consistently negative equity, and ongoing liquidity pressure create vulnerabilities that business partners must consider seriously. While the company maintains stable revenue and has regained short-term profitability, its balance-sheet weaknesses indicate that long-term solvency depends heavily on continued financial support from its foreign parent.