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ROLL SPORT VIET NAM FOOTWEAR LIMITED

Active

Business ID 2801572789

+84 989 864 544

ROLL SPORT VIET NAM FOOTWEAR LIMITED

Active

Business ID 2801572789

+84 989 864 544

ROLL SPORT VIET NAM FOOTWEAR LIMITED

Active

Summary

Name:

ROLL SPORT VIET NAM FOOTWEAR LIMITED

Business ID (TIN):

2801572789

Date of Registration:

02 Jun 2010

Registered Office:

Thanh Hoa Province Department of Planning and Investment

Address:

Hoang Long Industrial Park, Tao Xuyen Ward, Thanh Hoa City, Thanh Hoa Province, Vietnam

Phone:

+84 989 864 544

Financial Statement:

2020, 2021, 2022, 2023, 2024

Credit Risk Assessment: ROLL SPORT VIET NAM FOOTWEAR LIMITED

ROLL SPORT VIET NAM FOOTWEAR LIMITED (CÔNG TY TNHH GIẦY ROLL SPORT VIỆT NAM) is an established player in Vietnam’s thriving footwear manufacturing industry. Operating under 100% foreign direct investment (FDI) and strategically located in Hoang Long Industrial Park, Thanh Hoa City, the company is part of the expansive GREAT ASCENT TRADING LIMITED group based in Hong Kong.

As a credit risk manager, a comprehensive evaluation of the company’s financial position and operational performance is crucial in determining its reliability for credit extension, trade finance, and long-term partnership.

Company Overview

Business ID: 2801572789
Ownership: 100% FDI (Hong Kong)
Established: June 2, 2010
Registered Capital: USD 69.39 million
Employees: 19,000
General Director: Mr. CHANG, YU - WEI (Taiwanese)
Core Activity: Processing leather shoes for export markets

Financial Performance Analysis

📌 Revenue and Profitability

Revenue (2024): USD 130.32 million (▲12.44% YoY)
Profit (2024): USD 1.53 million (▼1.47% YoY)
Despite a revenue rebound in 2024, net profit has remained stagnant, indicating persistent margin pressure, possibly from labor or material cost volatility.

📌 Asset and Equity Movement

Total Assets (2024): USD 110.09 million (▼11.03% YoY)
Owner’s Equity (2024): USD 93.30 million (▲51.23% YoY)
The decline in assets could reflect asset depreciation, debt repayment, or a restructuring of operations. However, the sharp equity increase—from USD 61.7 million to USD 93.3 million—suggests new capital infusion or retained earnings conversion, strengthening the capital base and reducing financial leverage.

📌 Working Capital and Liquidity

Working Capital: USD 14.01 million (▲158.09% YoY)
The drastic rise in working capital implies improved short-term liquidity, enhancing the firm’s capacity to meet obligations. It’s a positive signal for suppliers and lenders regarding near-term solvency.

Risk Considerations

🔺 Profitability Pressure

The company has seen three consecutive years of profit decline (2022–2024), though slight in 2024. With a labor force of 19,000 and fluctuating raw material prices, ROLL SPORT may be operating on thin margins. For credit decisions, profitability trends must be monitored closely to ensure continued debt service capability.

🔺 Volatility in Asset Base

The asset base has contracted by over 11% in 2024. Unless this is linked to efficiency improvements or debt reduction, it might reflect underlying operational stress.

🔺 High Operational Scale

Employing nearly 19,000 workers in a labor-intensive industry also carries operational and regulatory risks—especially in the context of tightening global standards on ESG and labor practices.

Credit Risk Outlook

Risk Rating: Moderate

✅ Positives:

Strong equity position (low gearing)
Reliable ownership (established FDI backing)
Positive revenue recovery trend
Significant working capital growth

⚠️ Risks to Monitor:

Declining profitability
Shrinking asset base
Sensitivity to global retail demand and trade policy shifts

Conclusion

From a credit risk perspective, ROLL SPORT VIET NAM FOOTWEAR LIMITED appears to be a financially resilient but margin-sensitive company. While its capital structure has been reinforced and liquidity has improved, ongoing earnings volatility and asset contraction suggest a need for cautious credit exposure.

For financial institutions, suppliers, and partners, short-to-medium-term engagements with proper credit terms and collateralization (if applicable) are advisable. Continued financial reporting and transparency will be essential in reassessing the company’s creditworthiness over time.

Legal Profile

English Name:

ROLL SPORT VIET NAM FOOTWEAR LIMITED

Vietnamese Name:

CÔNG TY TNHH GIẦY ROLL SPORT VIỆT NAM

Business ID (TIN):

2801572789

Date of Registration:

02 Jun 2010

Registered Office:

Thanh Hoa Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

CHANG Y.-.W

Address:

Hoang Long Industrial Park, Tao Xuyen Ward, Thanh Hoa City, Thanh Hoa Province, Vietnam

Phone:

+84 989 864 544

Business Sector

Key business lines:

VSIC:

1520 Manufacture of footwear

NACE:

15.20 Manufacture of footwear

NAICS:

31620 Footwear Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

-1.82%

YoY (2023)

-10.80%

Companies by industry

Company distribution and propportions

3,430

0.1180%

Key Industry Players

Top 10 companies in manufacture of footwear industry

pou sung vietnam co., ltd. pouyuen vietnam company limited vinh long footwear co.,ltd hwaseung vina co., ltd thaibinh group chang shin vietnam company ltd. pou chen vietnam enterprise ltd tkg taekwang vina joint stock company vietnam dona orient co., ltd vietnam dona standard footwear co., ltd

Payment History

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Financial Performance

Assets	-57.79%
Owner’s Equity	8.71%
Working Capital	-79.35%
Net Worth	-95.16%
Sales	52.67%
Operating income	87.35%
EBIT	55.74%
Gross Profit Margin	-88.21%
Debt to EBITDA	-77.33%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

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Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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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 ROLL SPORT VIET NAM FOOTWEAR LIMITED

When did ROLL SPORT VIET NAM FOOTWEAR LIMITED start operating?

ROLL SPORT VIET NAM FOOTWEAR LIMITED was started in 02 Jun 2010

What industry does ROLL SPORT VIET NAM FOOTWEAR LIMITED operate in?

ROLL SPORT VIET NAM FOOTWEAR LIMITED is operating in "Manufacture of footwear" industry

How can I contact ROLL SPORT VIET NAM FOOTWEAR LIMITED?

ROLL SPORT VIET NAM FOOTWEAR LIMITED phone numbers is +84 989 864 544

What adverse news is there about ROLL SPORT VIET NAM FOOTWEAR LIMITED?

ROLL SPORT VIET NAM FOOTWEAR LIMITED’s has 3 bad news

What is stock symbol of ROLL SPORT VIET NAM FOOTWEAR LIMITED?

ROLL SPORT VIET NAM FOOTWEAR LIMITED is not listed company

Where is the location of ROLL SPORT VIET NAM FOOTWEAR LIMITED?

ROLL SPORT VIET NAM FOOTWEAR LIMITED is located at Hoang Long Industrial Park, Tao Xuyen Ward, Thanh Hoa City, Thanh Hoa Province, Vietnam

What is ROLL SPORT VIET NAM FOOTWEAR LIMITED’s business registration?

ROLL SPORT VIET NAM FOOTWEAR LIMITED business registration is 2801572789

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ROLL SPORT VIET NAM FOOTWEAR LIMITED