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THE MIA COMPANY LIMITED

Active

Business ID 3702728638

+84 908 111 169

THE MIA COMPANY LIMITED

Active

Business ID 3702728638

+84 908 111 169

THE MIA COMPANY LIMITED

Active

Summary

Name:

THE MIA COMPANY LIMITED

Business ID (TIN):

3702728638

Date of Registration:

12 Dec 2018

Registered Office:

Ho Chi Minh City Department of Finance

Address:

Lot A5, Binh An Textile Industrial Park, Dong Hoa Ward, Ho Chi Minh City, Vietnam

Phone:

+84 908 111 169

Financial Statement:

2020, 2021, 2022, 2023, 2024

Credit Risk Analysis: THE MIA COMPANY LIMITED

From a credit risk management perspective, THE MIA COMPANY LIMITED (CÔNG TY TNHH THE MIA), based in Di An City, Binh Duong Province, presents a complex credit profile that merits both cautious scrutiny and recognition of recent operational expansion. Founded in December 2018, the company operates in the niche but essential sector of manufacturing other articles of paper and paperboard, a category that supports packaging and industrial supply chains.

Financial Overview

The company reported an explosive increase in revenue in 2023, with sales skyrocketing to USD 183.24 million, a 1178.2% year-on-year increase. This suggests either a major expansion in production capacity, new customer acquisition, or large-volume contract execution. However, despite this surge in sales, the company posted a net loss of USD 42,518, marking a steep 80.76% drop in profitability from the previous year. The mismatch between sales growth and earnings points to unresolved cost control issues or margin compression, which must be considered a red flag in risk evaluation.

Total assets grew marginally by 3.58%, reaching USD 6.09 million, while owner’s equity jumped 331.96%, landing at USD 345,438. This improvement in equity reflects reinvestment or capital injections, yet the level remains modest for a company generating over USD 180 million in revenue. Working capital was reported at just USD 339,898, implying tight liquidity, and the company may be vulnerable to cash flow shocks or delays in receivables.

Ownership and Governance

THE MIA is structured as a limited liability company with a charter capital of approximately USD 410,829. The ownership is concentrated in the hands of three individuals: Le Thi Thu Ha (40%), Ta Van Thien (40%), who also serves as Chairman of the Members' Council, and Luong Xuan Phu (20%). While closely held ownership can foster streamlined decision-making, it also poses potential governance risks, especially if financial controls and reporting systems are not robust or independently reviewed.

Risk Assessment

Positives:

Exceptional sales growth in 2023 shows strong commercial traction or scale-up capacity.
Equity growth is substantial, possibly improving creditworthiness in the short term.
The company operates in a sector with consistent demand for packaging and industrial paper goods.

Concerns:

Net losses amid record revenues suggest inadequate cost controls or unsustainable pricing structures.
Low working capital and equity base relative to revenue scale presents liquidity and solvency risks.
The company’s short operating history and narrow equity buffer expose it to macroeconomic volatility or internal shocks.
No clear evidence of long-term debt capacity, banking relationships, or retained earnings policy.

Conclusion

THE MIA COMPANY LIMITED should be considered a moderate to high credit risk at this stage, primarily due to weak profitability, constrained liquidity, and a limited capital buffer despite impressive top-line growth. For lenders, suppliers, or partners, any extension of credit or engagement should be conditioned on:

Access to audited financial statements,
Confirmation of key contracts underpinning the 2023 revenue increase,
Evidence of improved operational efficiency and cash flow management.

VANGUARD BUSINESS INFORMATION LLC (VBI) provides full Company Reports, credit risk scores, and due diligence services for companies like THE MIA to help financial institutions and suppliers manage their exposure prudently.

Legal Profile

English Name:

THE MIA COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH THE MIA

Short Name:

THE MIA

Business ID (TIN):

3702728638

Date of Registration:

12 Dec 2018

Registered Office:

Ho Chi Minh City Department of Finance

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN T.K.V

Address:

Lot A5, Binh An Textile Industrial Park, Dong Hoa Ward, Ho Chi Minh City, Vietnam

Phone:

+84 908 111 169

Business Sector

Key business lines:

VSIC:

1709 Manufacture of other articles of paper and paperboard n.e.c

NACE:

17.29 Manufacture of other articles of paper and paperboard

NAICS:

32221 Paperboard Container Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

5.03%

YoY (2023)

8.03%

Companies by industry

Company distribution and propportions

1,797

0.0618%

Key Industry Players

Top 10 companies in manufacture of other articles of paper and paperboard n.e.c industry

diana unicharm joint stock company cheng yang paper mill co., ltd kimberly-clark vietnam ltd sai gon paper corporation toan luc paper joint stock company hai pha viet nam company limited vietnam yuzhan packaging technology company limited leo paper products (vietnam) limited the mia company limited hayat kimya vietnam company limited

Payment History

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Financial Performance

Assets	53.59%
Owner’s Equity	-95.00%
Working Capital	-36.48%
Net Worth	15.23%
Sales	66.00%
Operating income	-89.49%
EBIT	16.45%
Gross Profit Margin	82.69%
Debt to EBITDA	-77.97%

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Opinion from Analysts

Specific Questions About THE MIA COMPANY LIMITED

When did THE MIA COMPANY LIMITED start operating?

THE MIA COMPANY LIMITED was started in 12 Dec 2018

What industry does THE MIA COMPANY LIMITED operate in?

THE MIA COMPANY LIMITED is operating in "Manufacture of other articles of paper and paperboard n.e.c" industry

How can I contact THE MIA COMPANY LIMITED?

THE MIA COMPANY LIMITED phone numbers is +84 908 111 169

What adverse news is there about THE MIA COMPANY LIMITED?

THE MIA COMPANY LIMITED’s has no negative news

What is stock symbol of THE MIA COMPANY LIMITED?

THE MIA COMPANY LIMITED is not listed company

Where is the location of THE MIA COMPANY LIMITED?

THE MIA COMPANY LIMITED is located at Lot A5, Binh An Textile Industrial Park, Dong Hoa Ward, Ho Chi Minh City, Vietnam

What is THE MIA COMPANY LIMITED’s business registration?

THE MIA COMPANY LIMITED business registration is 3702728638

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THE MIA COMPANY LIMITED