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NIN SING LOGISTICS COMPANY LIMITED

Active

Business ID 0312087302

+84 1900 886 887

NIN SING LOGISTICS COMPANY LIMITED

Active

Business ID 0312087302

+84 1900 886 887

NIN SING LOGISTICS COMPANY LIMITED

Active

Summary

Name:

NIN SING LOGISTICS COMPANY LIMITED

Business ID (TIN):

0312087302

Date of Registration:

13 Dec 2012

Registered Office:

Ho Chi Minh Department of Planning and Investment

Address:

No. 207/21, Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh City, Vietnam

Phone:

+84 1900 886 887

Financial Statement:

2020, 2021, 2022, 2023, 2024

NIN SING LOGISTICS COMPANY LIMITED is a long operating courier and delivery provider that supports Vietnam’s growing ecommerce ecosystem. Over more than twelve years, NIN SING LOGISTICS COMPANY LIMITED has expanded its operations across Ho Chi Minh City, Da Nang and Long An with multiple representative offices. Today, NIN SING LOGISTICS COMPANY LIMITED plays a visible role in last mile delivery but its financial condition requires careful and serious review by any investor or supplier.

Leadership Structure and Foreign Shareholding Control
The company is directed by Le Van Quoc Khanh, who oversees nationwide operational activities including courier services and ecommerce delivery. According to the shareholder chart on page 2, the company is fully owned by Ninja Logistics PTE LTD of Singapore, which holds 100 percent of equity. This creates a structure where the Vietnamese entity functions as a subsidiary of a regional logistics group. For investors, this means operational direction and capital decisions ultimately flow from Singapore, and local management autonomy is limited.

Operational Scope and Position in Vietnam’s Delivery Chain
Nin Sing’s core business is door to door delivery for ecommerce sellers, a sector that has expanded rapidly but has also become highly competitive and cost intensive. The company maintains offices in Ho Chi Minh City, Da Nang and Long An, giving it multi region coverage as shown on page 2. Registered activities extend far beyond logistics, including wholesale of electronics, apparel, food, beverages, metals, fuels and a wide range of industrial products. While these registrations provide commercial flexibility, the report clearly identifies courier operations as the primary activity on page 2. Investors must therefore focus on the sustainability of the delivery model rather than the optional registered activities.

Financial Profile and Critical Risk Indicators
The financial charts on page 1 reveal some of the most severe structural weaknesses seen in the logistics sector. Owner equity stands at negative 115.17 million USD, a worsening from negative 81.02 million USD in 2022. Profit remains deeply negative at 34.15 million USD despite an improvement compared with the previous year. Sales declined from 92.13 million USD to 75.67 million USD, and total assets fell from 41.99 million USD to 21.95 million USD. Working capital remains negative at 884,500 USD. These metrics show a company that is operating with chronic losses, sustained capital erosion and a high dependency on the parent company for financial support. Investors must recognize that negative equity of this scale indicates accumulated losses far beyond what the Vietnamese entity can absorb alone.

Commercial Risks and Sector Pressures
Vietnam’s courier sector is crowded with both international and domestic players, many of which are competing at low margins to gain market share. Rising salary and fuel costs, pressure from ecommerce platforms, and operational strain from high volume delivery cycles are key challenges. Nin Sing’s wide portfolio of registered business activities does not change the fact that its revenue stream depends heavily on last mile delivery volume. With sales shrinking and losses continuing, the company faces strong pressure to reduce operational cost, renegotiate platform contracts or restructure its delivery network.

Business Insight
The most significant signal in this report is the combination of a sharply shrinking asset base with massively negative equity. According to the asset chart on page 1, total assets fell by more than 20 million USD year over year. When assets shrink while losses continue, it often means that the company is reducing scale, liquidating or running leaner operations to limit cash burn. At the same time, the equity line plunges deeper into negative territory, indicating that losses have accumulated faster than the company can rebuild capital. This pattern is typical of delivery companies that have grown quickly but have not yet stabilized their cost structure. The full VNBIS report is valuable because it shows the exact breakdown of liabilities and cost trends that determine whether Nin Sing is heading toward stabilization or deeper structural risk.

VNBIS Support for Investor and Partner Evaluation
Vanguard Business Information LLC provides a full range of financial diagnostics, solvency assessment, ownership verification and operational due diligence for NIN SING LOGISTICS COMPANY LIMITED. The VNBIS Company Comprehensive Report includes full financial statements, risk indicators, litigation checks and liquidity analysis that go far beyond the executive summary. For investors, suppliers and business partners evaluating exposure or potential cooperation, the full report at www.vnbis.com provides essential clarity for making confident and risk aware decisions.

Legal Profile

English Name:

NIN SING LOGISTICS COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH NIN SING LOGISTICS

Short Name:

NIN SING LOGISTICS CO., LTD

Business ID (TIN):

0312087302

Date of Registration:

13 Dec 2012

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

LE V.Q.K

Address:

No. 207/21, Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh City, Vietnam

Phone:

+84 1900 886 887

Registration Address:

117/2D1 Ho Van Long Street, Tan Tao Ward, Binh Tan District, Ho Chi Minh City, Vietnam

Representative office:

No. 25, Nguyen Son Ha Street, Hoa Cuong Bac Ward, Hai Chau District, Da Nang City, Vietnam

Representative office:

No. 193D, Nguyen Minh Duong Street, Ward 4, Tan An City, Long An Province, Vietnam

Representative office:

No. 1020, Vinh Loc Street, Hamlet 6, Vinh Loc B Commune, Binh Chanh District, Ho Chi Minh City, Vietnam

Representative office:

No. 32, Cao Lo Street, Ward 4, District 8, Ho Chi Minh City, Vietnam

Representative office:

No. 14B, Hoang Le Kha Street, Ward 9, District 6, Ho Chi Minh City, Vietnam

Representative office:

No. 94, Nguyen Van To Street, Tan Thanh Ward, Tan Phu District, Ho Chi Minh City, Vietnam

Representative office:

No. 941/19, Nguyen Duy Trinh Street, Binh Trung Dong Ward, Thu Duc City, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

5320 Courier activities

Industry Sales Growth

CAGR (2019 - 2023)

4.55%

YoY (2023)

29.26%

Companies by industry

Company distribution and propportions

2,679

0.0921%

Key Industry Players

Top 10 companies in courier activities industry

ups vietnam joint stock company new post express joint stock company vn post express joint stock corporation express delivery services corporation noibai express and trading joint stock company nin sing logistics company limited thuan phong express company limited bambooship corporation kex express (vietnam) company limited dth import and export limited company

Payment History

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Financial Performance

Assets	93.33%
Owner’s Equity	-90.23%
Working Capital	16.21%
Net Worth	-85.89%
Sales	-13.70%
Operating income	46.99%
EBIT	74.66%
Gross Profit Margin	-2.91%
Debt to EBITDA	87.94%

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Owner's Equity

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EBT

EBITDA

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Comprehensive Report

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Historical Information

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Subsidiary and Affiliated Company

Management and Directors

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Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About NIN SING LOGISTICS COMPANY LIMITED

When did NIN SING LOGISTICS COMPANY LIMITED start operating?

NIN SING LOGISTICS COMPANY LIMITED was started in 13 Dec 2012

What industry does NIN SING LOGISTICS COMPANY LIMITED operate in?

NIN SING LOGISTICS COMPANY LIMITED is operating in "Courier activities" industry

How can I contact NIN SING LOGISTICS COMPANY LIMITED ?

NIN SING LOGISTICS COMPANY LIMITED phone numbers is +84 1900 886 887

What adverse news is there about NIN SING LOGISTICS COMPANY LIMITED ?

NIN SING LOGISTICS COMPANY LIMITED ’s has no negative news

What is stock symbol of NIN SING LOGISTICS COMPANY LIMITED ?

NIN SING LOGISTICS COMPANY LIMITED is not listed company

Where is the location of NIN SING LOGISTICS COMPANY LIMITED ?

NIN SING LOGISTICS COMPANY LIMITED is located at No. 207/21, Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh City, Vietnam

What is NIN SING LOGISTICS COMPANY LIMITED ’s business registration?

NIN SING LOGISTICS COMPANY LIMITED business registration is 0312087302

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