SEA STAR IMPORT EXPORT JOINT STOCK COMPANY

SEA STAR IMPORT EXPORT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU SAO BIỂN) is a Vietnam-based trading company specializing in the wholesale of metals and metal ores. Established on February 18, 2009, the company has built a presence in Ho Chi Minh City, where it operates from its headquarters at No. 33, Road No. 3, Do Thanh Housing Compound, Ward 04, District 3. With over 16 years in operation, SEA STAR IMPORT EXPORT JOINT STOCK COMPANY has diversified its business activities to include metal forging, construction material trading, food wholesale, warehousing, and freight transport.

Operating as a joint stock company, SEA STAR IMPORT EXPORT JOINT STOCK COMPANY is a privately held entity, with key shareholders LE HOANG MINH, PHAN QUANG HAI, and other Vietnamese investors. The company is led by Chairman LE HOANG MINH and Director PHAN QUANG HAI, who oversee a small but specialized team of 20 employees managing the company’s operations.

Financial Performance and Business Risks

In 2023, SEA STAR IMPORT EXPORT JOINT STOCK COMPANY faced financial setbacks, with total sales declining by 23.03% to USD 16.16 million. The company reported a net loss of USD 36,555, a significant drop from previous years. The decrease in revenue and profit suggests challenges in the metal trading industry, including market volatility, supply chain disruptions, and fluctuating commodity prices.

Despite these challenges, the company maintains USD 3.03 million in assets and a working capital of USD 445,650, indicating a degree of financial resilience. However, the declining profitability and equity loss require closer financial risk assessments, especially for businesses considering trade or investment partnerships.

The Role of VBI in Business Verification and Risk Management

Engaging in international trade and business partnerships requires thorough risk assessment and financial due diligence. VANGUARD BUSINESS INFORMATION LLC (VBI) plays a critical role in business verification and risk management, offering detailed company reports, private financial data analysis, and credibility assessments.

For businesses looking to collaborate with SEA STAR IMPORT EXPORT JOINT STOCK COMPANY or similar trading firms in Vietnam, VBI’s Company Report Services provide essential insights, including:

• Company ownership verification and shareholder analysis
• Financial performance evaluation and risk assessment
• Private financial data review, including assets, equity, and working capital
• Business registration details and operational history
• Market trends and industry position analysis

By leveraging VBI’s expertise, businesses can mitigate risks, verify business legitimacy, and make informed decisions before entering trade agreements or partnerships. With VBI’s trusted business intelligence solutions, companies gain a competitive edge in Vietnam’s evolving trading and manufacturing landscape.