TZAN INTERNATIONAL AGRICULTURE PRODUCT JOINT STOCK COMPANY

TZAN INTERNATIONAL AGRICULTURE PRODUCT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN NÔNG SẢN TZAN QUỐC TẾ) is a Hanoi-based agricultural trading company, officially registered on September 30, 2019. Operating under Business ID 0108924014, the company is located at DG 08-25, Kien Hung resettlement area, Ha Dong District, Hanoi, and specializes in the wholesale of agricultural raw materials (excluding wood and bamboo) and live animals. Its Tax Identification Number (TIN) is also 0108924014.

Led by Director Mr. Vu Khanh Duy, the company functions as a joint stock enterprise, with its shareholding concentrated primarily in domestic hands. Mr. Vo Quang Hai holds a dominant 90% ownership, while Ms. Tran Thi Hoa An and Ms. Pham Thi Trang each hold 5%.

Financial Insights: Growing Assets, Declining Sales

The financial performance of TZAN INTERNATIONAL AGRICULTURE PRODUCT JOINT STOCK COMPANYreflects an interesting duality. While total assets surged by 53.97% in 2023 to reach USD 112.31 million, the company simultaneously experienced an 11.51% decline in revenue, dropping to USD 200.17 million. Despite this sales contraction, net profit more than doubled, rising by 142.89% year-on-year to USD 38,337—though still modest compared to the revenue scale.

The sharp increase in owner’s equity (99.58%) to USD 4.18 million suggests either reinvested earnings or additional capital injection. However, the working capital figure of USD 4.18 million remains relatively thin, potentially limiting the company's liquidity flexibility in a commodity-intensive industry.

Risk Management Perspective: Rapid Growth with Thin Margins

From a risk perspective, TZAN INTERNATIONAL AGRICULTURE PRODUCT JOINT STOCK COMPANY appears to be in an expansion phase, growing its asset base rapidly. But the consistent decline in revenue since 2021 and thin profit margins highlight vulnerability in either market positioning or pricing power.

Stakeholders should remain cautious. A Litigation Search and Private Financial Data review are advisable before entering into credit terms or a partnership with the company. While asset expansion indicates potential, the business’s operational efficiency and cash flow stability deserve closer scrutiny.

At VANGUARD BUSINESS INFORMATION LLC (VBI), we provide company reports, financial health diagnostics, shareholder verifications, and legal checks for over 600,000 Vietnamese enterprises. Our tools are designed to help clients minimize risk and gain transparency in fast-growing markets like Vietnam.

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