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NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Active

Business ID 0312618338

84-28 / 3844 2095 / 6297 0284

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Active

Business ID 0312618338

84-28 / 3844 2095 / 6297 0284

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Active

Summary

Name:

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Business ID (TIN):

0312618338

Date of Registration:

10 Jan 2014

Registered Office:

Ho Chi Minh Department of Planning and Investment

Address:

350/2 Nguyen Trong Tuyen, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3844 2095 / 6297 0284

Financial Statement:

2019, 2020, 2021, 2022, 2023

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY (Công Ty Cổ Phần Thương Mại Dịch Vụ Nhất Trân), established on January 10, 2014, and based in Tan Binh District, Ho Chi Minh City, presents an unusual financial profile that raises critical questions from a risk management perspective. Despite reporting robust revenue figures, its underlying financial structure reveals signs of imbalance and potential instability that stakeholders should carefully assess.

Financial Red Flags and Risk Indicators:

Revenue vs. Profitability Gap
In 2023, the company posted a substantial USD 170.7 million in sales, marking a year-over-year increase of over 24%. However, its net profit was a mere USD 8,768—representing a net margin of just 0.005%. This razor-thin margin is unsustainable for a firm handling such high revenue volume and may indicate poor pricing strategy, excessive overhead, or operational inefficiencies.
Declining Asset Base
Total assets declined by 18.25% in 2023 to USD 10.67 million, a worrying trend when revenue is rising. This erosion suggests possible asset liquidation, underinvestment in infrastructure, or impaired assets—each of which signals growing risk.
Weak Equity and Capitalization
Despite a slight increase in equity to USD 894,483, this amount is strikingly low given the size of the company’s reported revenue. Equity growth of less than 1% is not keeping pace with the scale of operations. Moreover, the company’s net worth dropped 26.57%, reflecting deteriorating retained earnings and overall financial resilience.
Limited Transparency
The company reports only five employees—raising questions about how a telecommunications service provider with USD 170 million in revenue operates with such a minimal workforce. Additionally, shareholder information is outdated and unverified, undermining governance transparency.
Overdiversification of Business Lines
NHAT TRAN registers in industries ranging from telecom services to pig breeding, quarrying, construction, and auction brokerage. Such extreme diversification, especially with limited staff, may suggest overstretching of resources or paper-only registrations used for tax, compliance, or investment reasons.

Risk Manager's Recommendation:

Given the severe mismatch between revenue and profitability, shrinking asset base, weak capitalization, and questionable transparency, NHAT TRAN poses significant financial and operational risk. These concerns are compounded by the lack of clarity regarding its current ownership structure and staffing.

To mitigate exposure, Vanguard Business Information LLC (VBI) strongly advises clients to request a comprehensive in-depth credit report before engaging in any financial, commercial, or contractual commitments with this entity. VBI's full report will include:

Detailed cash flow analysis
Verification of actual workforce and operational activity
Risk scoring and red flag alerts
Litigation, tax, and banking history
Ownership cross-checks and hidden affiliations

In short, NHAT TRAN’s headline sales numbers mask deeper structural weaknesses. Proceeding without due diligence would expose any partner or investor to disproportionate financial and reputational risk.

Legal Profile

English Name:

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Vietnamese Name:

CONG TY CO PHAN THUONG MAI DICH VU NHAT TRAN

Business ID (TIN):

0312618338

Date of Registration:

10 Jan 2014

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

TONG X.T

Address:

350/2 Nguyen Trong Tuyen, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3844 2095 / 6297 0284

Business Sector

Key business lines:

VSIC:

4610 Commission agents, brokers and auction agents

NACE:

46.1 Wholesale on a fee or contract basis

Industry Sales Growth

CAGR (2019 - 2023)

3.95%

YoY (2023)

-5.79%

Companies by industry

Company distribution and propportions

11,052

0.3801%

Key Industry Players

Top 10 companies in commission agents, brokers and auction agents industry

me kong fuel trading corporation heineken vietnam beer and beverages limited company nhat tran trading service joint stock company hiệp quế co., ltd (translated name) hoang trong general trading company limited mc trading company limited thien truong infrastructure construction trading investment company limited vifon corporation – ho chi minh city branch quang phat hau giang jsc meta trading and investment joint stock company

Payment History

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Financial Performance

Assets	-58.94%
Owner’s Equity	-97.29%
Working Capital	92.12%
Net Worth	-74.23%
Sales	92.10%
Operating income	-45.04%
EBIT	23.66%
Gross Profit Margin	-3.18%
Debt to EBITDA	59.04%

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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

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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 NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

When did NHAT TRAN TRADING SERVICE JSC start operating?

NHAT TRAN TRADING SERVICE JSC was started in 10 Jan 2014

What industry does NHAT TRAN TRADING SERVICE JSC operate in?

NHAT TRAN TRADING SERVICE JSC is operating in "Commission agents, brokers and auction agents" industry

How can I contact NHAT TRAN TRADING SERVICE JSC?

NHAT TRAN TRADING SERVICE JSC phone numbers is 84-28 / 3844 2095 / 6297 0284

What adverse news is there about NHAT TRAN TRADING SERVICE JSC?

NHAT TRAN TRADING SERVICE JSC’s has no negative news

What is stock symbol of NHAT TRAN TRADING SERVICE JSC?

NHAT TRAN TRADING SERVICE JSC is not listed company

Where is the location of NHAT TRAN TRADING SERVICE JSC?

NHAT TRAN TRADING SERVICE JSC is located at 350/2 Nguyen Trong Tuyen, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

What is NHAT TRAN TRADING SERVICE JSC’s business registration?

NHAT TRAN TRADING SERVICE JSC business registration is 0312618338

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NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Financial Red Flags and Risk Indicators:

Risk Manager's Recommendation:

Company Profile Report

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NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

NHAT TRAN TRADING SERVICE JOINT STOCK COMPANY

Financial Red Flags and Risk Indicators:

Risk Manager's Recommendation:

Company Profile Report

Company Standard Report

Comprehensive Report

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