TOP PRO STEEL JOINT STOCK COMPANY

TOP PRO STEEL JOINT STOCK COMPANY is a foreign-invested joint stock company headquartered at Lot 12, Long Dinh – Long Cang Industrial Cluster, Long Cang Commune, Tay Ninh Province, Vietnam. Established on 25 October 2007, TOP PRO STEEL JOINT STOCK COMPANY has more than 18 years of operation in the manufacture of iron, steel, and cast iron. With 215 employees, the company focuses on producing and trading rolled steel sheets, steel pallets, steel wire coils, steel pipes, steel tube boxes, and steel gears, serving both industrial and construction sectors.

Financially, TOP PRO STEEL JOINT STOCK COMPANY reports total assets of approximately USD 64.19 million and total sales of around USD 69.76 million. Despite maintaining a significant revenue base, the company recorded a net loss of about USD 12.41 million. A critical financial concern is the negative equity position of roughly USD 10.18 million and the negative working capital of approximately USD 29.63 million. These figures indicate capital erosion and liquidity pressure, which are important risk factors for creditors and suppliers.

Over multiple reporting periods, total assets have gradually declined from above USD 72 million to just over USD 64 million. Owner’s equity has shifted dramatically from a positive level exceeding USD 13 million to a negative position. Profit has remained negative across consecutive periods, with losses increasing in scale. Although sales partially recovered after a decline, revenue growth alone has not been sufficient to offset accumulated losses. The financial pattern suggests that TOP PRO STEEL JOINT STOCK COMPANY faces structural challenges in cost control, margin management, or debt servicing.

The paid-up capital of TOP PRO STEEL JOINT STOCK COMPANY is approximately USD 61.24 million, close to its registered charter capital of more than USD 63 million. The company operates under Business ID 1100798176 and maintains an active operational status. Management includes Mr. HONG, CHUNG-CHENG as General Director, supported by Mr. HONG HUI HSIANG as Deputy General Director and Mr. BUI V. V. as Chief Accountant.

In terms of ownership structure, TOP PRO STEEL JOINT STOCK COMPANY reflects a diversified foreign shareholder base. Several entities from Samoa and Singapore hold significant stakes, including TRIMAX INDUSTRIES CORP, TOP PRO CO., LTD, SUN BEAM INTERNATIONAL ENT CO., LTD, and KAWARIN ENTERPRISE PTE LTD. An individual shareholder, LIN L. H., also holds a minority percentage. The presence of offshore shareholders suggests an international investment structure that may provide access to capital but also requires careful assessment of transparency.

Operationally, TOP PRO STEEL JOINT STOCK COMPANY registers a wide range of activities beyond steel manufacturing, including machinery leasing, property trading, machining and coating of metals, freight transport by road, wholesale of metals and construction materials, as well as various civil engineering and infrastructure construction services. This broad business scope indicates potential vertical integration but may also dilute strategic focus.

In summary, TOP PRO STEEL JOINT STOCK COMPANY demonstrates substantial revenue scale and industrial capacity, yet faces significant financial strain due to sustained losses, negative equity, and negative working capital. For banks, trading partners, and investors, detailed financial ratio analysis, credit evaluation, litigation screening, and updated risk assessment are essential before major transactions. Comprehensive reports are available through VNBIS, a leading provider of business intelligence, financial analysis, and risk management services in Vietnam and worldwide.