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TAN DE COMPANY LIMITED

Active

Business ID 0109528912

84-24 / 3822 8670

TAN DE COMPANY LIMITED

Active

Business ID 0109528912

84-24 / 3822 8670

TAN DE COMPANY LIMITED

Active

Summary

Name:

TAN DE COMPANY LIMITED

Business ID (TIN):

0109528912

Date of Registration:

23 Feb 2021

Registered Office:

Ha Noi City Department of Finance

Address:

Capital Place Building, No. 29, Lieu Giai Street, Ngoc Ha Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3822 8670

Financial Statement:

2021, 2022, 2023, 2024

TAN DE COMPANY LIMITED (Vietnamese: CÔNG TY TNHH TÂN ĐỆ) is a privately owned apparel manufacturer based in Hanoi, Vietnam, operating as a one-member limited liability company under Business ID 0109528912. Despite being officially registered in early 2021, the company has rapidly scaled its operations, marking a noteworthy presence in Vietnam’s competitive textile and garment sector. Its primary business activity is the manufacture and processing of sportswear and other textile-based apparel, with a significant production base in Thai Binh Province.

As of the end of 2023, TAN DE COMPANY LIMITED reported total assets of approximately USD 98.47 million, down 9.65% from the previous year. This marks a reversal from its aggressive asset expansion in 2022, when it more than doubled its asset base. While a decline in asset value does not necessarily indicate distress, it may suggest recent adjustments in capital allocation, inventory scaling, or investment slowdowns amid changing market conditions.

The company’s revenue continued to grow modestly in 2023, reaching USD 269.86 million—a 3.74% increase from the prior year. However, this growth was significantly slower than the 3,100% leap recorded in 2022, when the firm appeared to undergo a transformational expansion phase. Profitability also fell back, with net income sliding by 14.37% to USD 24.21 million, after a sharp spike the year before. Though still highly profitable relative to peers, the drop may reflect tighter margins or increased operating costs in the aftermath of rapid scale-up.

The company's equity base remained steady at around USD 37.43 million, suggesting retained earnings were sufficient to maintain internal capital without dilution or new investment. Working capital stood at a healthy USD 20.79 million, indicating short-term financial stability. However, long-term observers might question whether TAN DE COMPANY LIMITED can maintain its financial momentum following such a sharp—and possibly unsustainable—rise in performance during 2022.

Founded and solely owned by Mr. Nguyen Tien Phuong, a Vietnamese national who also serves as Chairman, the company appears to maintain centralized control and decision-making. With a workforce of around 1,000 employees and diversified business registrations spanning garment production, textile processing, machinery installation, packaging, and logistics, TAN DE shows ambition beyond its core sector.

That said, press observers and analysts will note that the pace of growth in both revenue and assets has cooled. The steep rise and subsequent dip in profitability signal a phase of consolidation—or possibly correction—following an unusually aggressive expansion curve. Whether the company is recalibrating for long-term stability or facing external pressures remains unclear.

At this point, TAN DE COMPANY LIMITED remains an active, profit-making enterprise with a strong balance sheet and diversified operations. However, recent financial shifts suggest it is entering a more cautious operational phase, where risk management and margin preservation will be as important as growth itself.

Legal Profile

English Name:

TAN DE COMPANY LIMITED

Vietnamese Name:

CÔNG TY TRÁCH NHIỆM HỮU HẠN TÂN ĐỆ

Short Name:

TANDE CO.,LTD

Business ID (TIN):

0109528912

Date of Registration:

23 Feb 2021

Registered Office:

Ha Noi City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN T.P

Address:

Capital Place Building, No. 29, Lieu Giai Street, Ngoc Ha Ward, Ha Noi City, Vietnam

Phone:

84-24 / 3822 8670

Registration Address:

No. 68, Hue Street, Hai Ba Trung Ward, Ha Noi City, Vietnam

Branch:

Land Plot Area of 93,678.2 m2, Tien Hai Commune, Hung Yen Province, Vietnam

Business Sector

Key business lines:

VSIC:

1410 Manufacture of wearing apparel, except fur apparel

NACE:

14.11 Manufacture of wearing apparel, except fur apparel

Industry Sales Growth

CAGR (2019 - 2023)

1.58%

YoY (2023)

-1.55%

Companies by industry

Company distribution and propportions

18,414

0.6333%

Key Industry Players

Top 10 companies in manufacture of wearing apparel, except fur apparel industry

viet tien garment corporation 28 corporation one member limited liability company tng investment and trading joint stock company hoa tho textile - garment joint stock corporation youngone nam dinh co.,ltd tex- giang joint stock co., phong phu international joint stock company worldon (viet nam) company limited hanesbrands viet nam hue company limited tan de company limited

Payment History

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Financial Performance

Assets	9.48%
Owner’s Equity	61.22%
Working Capital	-5.21%
Net Worth	64.21%
Sales	-59.85%
Operating income	2.13%
EBIT	62.05%
Gross Profit Margin	25.89%
Debt to EBITDA	-8.55%

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Opinion from Analysts

Specific Questions About TAN DE COMPANY LIMITED

When did TAN DE COMPANY LIMITED start operating?

TAN DE COMPANY LIMITED was started in 23 Feb 2021

What industry does TAN DE COMPANY LIMITED operate in?

TAN DE COMPANY LIMITED is operating in "Manufacture of wearing apparel, except fur apparel" industry

How can I contact TAN DE COMPANY LIMITED?

TAN DE COMPANY LIMITED phone numbers is 84-24 / 3822 8670

What adverse news is there about TAN DE COMPANY LIMITED?

TAN DE COMPANY LIMITED’s has no negative news

What is stock symbol of TAN DE COMPANY LIMITED?

TAN DE COMPANY LIMITED is not listed company

Where is the location of TAN DE COMPANY LIMITED?

TAN DE COMPANY LIMITED is located at Capital Place Building, No. 29, Lieu Giai Street, Ngoc Ha Ward, Ha Noi City, Vietnam

What is TAN DE COMPANY LIMITED’s business registration?

TAN DE COMPANY LIMITED business registration is 0109528912

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