PROLooking for more than just a company report? Upgrade to Pro now

PHUC SINH CORPORATION

Active

Business ID 0302401061

84-28 / 3826 6251

PHUC SINH CORPORATION

Active

Business ID 0302401061

84-28 / 3826 6251

PHUC SINH CORPORATION

Active

Summary

Name:

PHUC SINH CORPORATION

Business ID (TIN):

0302401061

Date of Registration:

31 May 2010

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

No. 238 - 240, Vo Van Kiet Street, Cau Ong Lanh Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3826 6251

Fax:

(84-28) 3826 6250

Financial Statement:

2018, 2019, 2020, 2021, 2022

PHUC SINH CORPORATION (CÔNG TY CỔ PHẦN PHÚC SINH) is a privately held joint stock company, registered under Business ID and Tax Code 0302401061, with its head office located at No. 238 - 240 Vo Van Kiet Street, Cau Ong Lanh Ward, District 1, Ho Chi Minh City, Vietnam. The company has been active since its incorporation on May 31, 2010, and operates in the manufacturing and trading of food products, especially spices and agricultural exports such as pepper, coffee, tea, and cashew nuts.

Led by Chairman cum General Director Phan M. T., who controls 83.45% of the company, with Ms. Pham T. T. Nhungholding the remaining 16.55%, PHUC SINH CORPORATION appears to be a family-controlled business with centralized leadership. This ownership structure ensures strategic consistency but also raises concerns about concentration risk and governance transparency for large-scale credit assessments.

Financial Assessment and Risk View

From a credit risk management standpoint, PHUC SINH CORPORATION presents a mixed risk profile:

Total sales in 2022 surged to USD 211.44 million, up 32.97% year-over-year, showing strong top-line momentum.
Profit after tax rose significantly to USD 1.71 million, a 165.3% increase YoY, though the absolute figure remains modest for a company of this scale.
Working capital, while showing growth (+186.52% YoY), still stands at only USD 1.61 million, which may indicate tight liquidity.
Owner's equity increased to USD 18.48 million, reflecting retained earnings growth and improved capitalization.
Total assets rose by 12.37% to USD 81.68 million, but still signal a capital-intensive operation with possible reliance on debt or vendor credit.

While the growth in revenue and profit is a positive signal, the thin profit margin (~0.8%) and low working capital buffer suggest moderate to high financial risk under stress scenarios, such as commodity price volatility, delayed payments from large buyers, or unexpected operational disruptions.

Business Scope and Complexity

PHUC SINH operates across a wide array of registered business sectors, from agricultural product manufacturing and trading to transport, warehousing, electronics, packaging, and leasing services. While this diversity may offer strategic flexibility, it also dilutes focus and introduces operational complexity, especially if resource allocation is not disciplined.

The company's factory in Binh Duong supports its production capabilities, though production efficiency and capacity utilization are not disclosed in the report.

Final Remarks for Credit Risk Managers

PHUC SINH CORPORATION has shown encouraging financial performance, especially in revenue and profit growth. However, as a credit manager, one must critically assess the tight liquidity, modest net income, limited equity buffer, and ownership concentration risks. The firm is recommended for moderate credit exposure with ongoing monitoring, especially in terms of cash flow, trade receivables, and seasonal inventory levels.

For more robust verification, legal standing checks, and risk mitigation, it is advisable to obtain a comprehensive credit report from Vanguard Business Information (VNBIS). VNBIS offers reliable insights into Vietnamese companies’ financial health, operational history, and legal status—crucial for safe business transactions and strategic lending decisions.

🔍 Learn more or request the full report at: https://www.vnbis.com.

Legal Profile

English Name:

PHUC SINH CORPORATION

Vietnamese Name:

CÔNG TY CỔ PHẦN PHÚC SINH

Business ID (TIN):

0302401061

Date of Registration:

31 May 2010

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ PHAN M.T

+ PHAM T.T.N

Address:

No. 238 - 240, Vo Van Kiet Street, Cau Ong Lanh Ward, District 1, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3826 6251

Fax:

(84-28) 3826 6250

Branch:

Quarter 5, My Phuoc Town, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

1079 Manufacture of other food products n.e.c

NACE:

10.89 Manufacture of other food products n.e.c

Industry Sales Growth

CAGR (2019 - 2023)

0.20%

YoY (2023)

-1.16%

Companies by industry

Company distribution and propportions

6,036

0.2076%

Key Industry Players

Top 10 companies in manufacture of other food products n.e.c industry

tin nghia corporation vedan viet nam enterprise corp.,ltd trung nguyen group corporation intimex group joint stock company orion food vina co., ltd minh tien group joint stock company - mtg intimex my phuoc joint stock company dan on foods corporation - my phuoc 3 branch olam vietnam food processing company limited vitadairy vietnam joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	13.36%
Owner’s Equity	54.33%
Working Capital	-77.42%
Net Worth	-41.86%
Sales	-1.23%
Operating income	68.91%
EBIT	-52.02%
Gross Profit Margin	2.20%
Debt to EBITDA	-19.54%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

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 PHUC SINH CORPORATION

When did PHUC SINH CORPORATION start operating?

PHUC SINH CORPORATION was started in 31 May 2010

What industry does PHUC SINH CORPORATION operate in?

PHUC SINH CORPORATION is operating in "Manufacture of other food products n.e.c" industry

How can I contact PHUC SINH CORPORATION?

PHUC SINH CORPORATION phone numbers is 84-28 / 3826 6251

What adverse news is there about PHUC SINH CORPORATION?

PHUC SINH CORPORATION’s has 3 bad news

What is stock symbol of PHUC SINH CORPORATION?

PHUC SINH CORPORATION is not listed company

Where is the location of PHUC SINH CORPORATION?

PHUC SINH CORPORATION is located at No. 238 - 240, Vo Van Kiet Street, Cau Ong Lanh Ward, District 1, Ho Chi Minh City, Vietnam

What is PHUC SINH CORPORATION’s business registration?

PHUC SINH CORPORATION business registration is 0302401061

My Order (0)

PHUC SINH CORPORATION