TAN A DAI THANH HOUSEHOLD AND METAL JOINT STOCK COMPANY

Founded in 2019, TAN A DAI THANH HOUSEHOLD AND METAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN KIM KHÍ VÀ GIA DỤNG TÂN Á ĐẠI THÀNH) has established itself as a key manufacturer in Vietnam, specializing in metal tanks, solar water heaters, sinks, and water filtration systems. With headquarters in Hanoi and multiple branches across Ho Chi Minh City, Da Nang, and Ninh Binh, the company operates under Business ID 0108705693 and employs a robust manufacturing base serving both household and industrial clients.

Financially, the company maintains a large asset base of USD 106.89 million and reported USD 115.19 million in salesfor 2023. Although sales fell by 8.53% year-on-year, profits stabilized at USD 5.31 million, reflecting a 1.55% increasefrom 2022. Equity remained high at USD 71.12 million, but showed a slight decline of 1.75%, suggesting some pressure on retained earnings.

Ownership is dominated by Tan A Dai Thanh Corporation Investment JSC, which holds 80% of shares, with minority stakes distributed among several Vietnamese individuals. The company is privately held and managed by Director Truong C. P.

Risk Considerations & Suggestions:

• Revenue Decline: The sales contraction in 2023 may signal demand fluctuations or pricing pressures.
  👉 Suggestion: Secure contracts with fixed pricing terms and ensure volume commitments before entering long-term agreements.

• Profit Margin Pressure: Although profits rose slightly, margins remain modest compared to sales scale.
  👉 Suggestion: Request periodic financial updates and avoid heavy credit exposure without guarantees.

• Working Capital Constraints: With only USD 2.07 million in working capital against a large asset base, liquidity risks could emerge.
  👉 Suggestion: Structure payments through installments or require partial advance deposits.

In summary, TAN A DAI THANH is a well-established brand with significant industrial strength, but its recent revenue slowdown and liquidity tightness mean partners should adopt careful credit controls and phased contracting to mitigate potential financial risks.