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WILMAR MARKETING CLV COMPANY LIMITED

Active

Business ID 0104128741

84-24 / 3766 9726

WILMAR MARKETING CLV COMPANY LIMITED

Active

Business ID 0104128741

84-24 / 3766 9726

WILMAR MARKETING CLV COMPANY LIMITED

Active

Summary

Name:

WILMAR MARKETING CLV COMPANY LIMITED

Business ID (TIN):

0104128741

Date of Registration:

14 Aug 2009

Registered Office:

Ha Noi City Department of Finance

Address:

2nd and 10th Floor, CornerStone Building, No. 16, Phan Chu Trinh Street, Ha Noi City, Vietnam

Phone:

84-24 / 3766 9726

Financial Statement:

2020, 2021, 2022, 2023, 2024

Mounting Financial Losses Threaten Viability of WILMAR MARKETING CLV COMPANY LIMITED (CÔNG TY TNHH WILMAR MARKETING CLV)

WILMAR MARKETING CLV COMPANY LIMITED (CÔNG TY TNHH WILMAR MARKETING CLV), also known as WILMAR CLV, is a one-member limited liability company based in Hanoi, Vietnam. Despite being a subsidiary of Singapore’s SITEKI INVESTMENTS PTE LTD and enjoying the backing of the globally known Wilmar Group, the company’s recent financial performance raises significant concerns about its sustainability and operational health.

Established on August 14, 2009, and operating under Business ID and Tax Code number 0104128741, WILMAR MARKETING CLV COMPANY LIMITED has remained active for over 15 years. The company focuses on non-specialized wholesale trade, especially in the chemical-cosmetic segment and foodstuff distribution. Its head office is located at the CornerStone Building, No. 16, Phan Chu Trinh Street, Hoan Kiem District, Hanoi, with a representative office in District 1, Ho Chi Minh City.

Legal and Ownership Framework

WILMAR MARKETING CLV COMPANY LIMITED is fully owned (100%) by SITEKI INVESTMENTS PTE LTD of Singapore. The company operates with a charter capital of USD 8.34 million, but by the end of 2023, its paid-up capital was only USD 1.22 million. With a total workforce of 514 employees, the firm is relatively large in scale. The General Director is Mr. Thai Kim Son, a Vietnamese national.

Deteriorating Financial Position

While 2021 and early 2022 showed signs of growth, the year 2023 marks a severe downturn for WILMAR MARKETING CLV COMPANY LIMITED. The company recorded total sales of USD 90.02 million—a drop of nearly 18% from the previous year. But more alarming is the net loss of USD 7.98 million, representing a 405.19% drop year-over-year. This figure signals one of the steepest profit declines among mid-to-large-sized foreign-invested enterprises in Vietnam.

Even more troubling is the company's negative owner's equity of USD -5.9 million, and net worth of USD -6.84 million. These figures indicate that WILMAR MARKETING CLV COMPANY LIMITED is in a state of over-leverage, where liabilities have far outpaced total assets. The company also reported negative working capital of USD -7.82 million, which puts pressure on its ability to meet short-term obligations and raises significant red flags for creditors and partners.

Strategic Uncertainty Amid Market Pressure

Given its link to a major international group, WILMAR MARKETING CLV COMPANY LIMITED is expected to maintain a certain level of stability and governance. However, the financial data from 2023 suggests the opposite: increasing losses, shrinking asset base (down 24.18% from 2022), and rapidly deteriorating equity.

For clients, vendors, or financial institutions considering engagements with WILMAR MARKETING CLV COMPANY LIMITED, it is highly recommended to verify the company’s latest financial standing and registration status through independent sources. A trusted resource for such verification is VANGUARD BUSINESS INFORMATION LLC’s Company Verification Service—a provider of business intelligence and credit analysis in Vietnam and globally.

Conclusion

WILMAR MARKETING CLV COMPANY LIMITED is currently in a precarious financial state despite having once been a stable market player. With consecutive years of losses and deeply negative equity, the road ahead appears uncertain unless there is swift intervention from its parent company or a structural overhaul. For now, stakeholders should tread carefully and demand up-to-date transparency before proceeding with any form of partnership or credit extension.

Legal Profile

English Name:

WILMAR MARKETING CLV COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH WILMAR MARKETING CLV

Short Name:

WILMAR CLV

Business ID (TIN):

0104128741

Date of Registration:

14 Aug 2009

Registered Office:

Ha Noi City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

THAI K.S

Address:

2nd and 10th Floor, CornerStone Building, No. 16, Phan Chu Trinh Street, Ha Noi City, Vietnam

Phone:

84-24 / 3766 9726

Representative office:

Tower A, Royal Centre Building, No. 235, Nguyen Van Cu Street, Nguyen Cu Trinh Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4690 Non-specialized wholesale trade

NACE:

46.90 Non-specialised wholesale trade

Industry Sales Growth

CAGR (2019 - 2023)

2.67%

YoY (2023)

3.87%

Companies by industry

Company distribution and propportions

18,660

0.6418%

Key Industry Players

Top 10 companies in non-specialized wholesale trade industry

(translated name) saigon union of trading co-operatives mm mega market (vietnam) company limited zuellig pharma vietnam ltd. toshiba vietnam consumer products co. ltd brenntag vietnam company limited eb services company limited 3a nutrition (vietnam) company limited koizumi vietnam trading company limited msd hh vietnam ltd gsk pharma vietnam company limited

Payment History

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Financial Performance

Assets	-47.20%
Owner’s Equity	-37.79%
Working Capital	-83.39%
Net Worth	-51.73%
Sales	1.42%
Operating income	79.98%
EBIT	-54.35%
Gross Profit Margin	95.05%
Debt to EBITDA	-69.53%

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Specific Questions About WILMAR MARKETING CLV COMPANY LIMITED

When did WILMAR MARKETING CLV COMPANY LIMITED start operating?

WILMAR MARKETING CLV COMPANY LIMITED was started in 14 Aug 2009

What industry does WILMAR MARKETING CLV COMPANY LIMITED operate in?

WILMAR MARKETING CLV COMPANY LIMITED is operating in "Non-specialized wholesale trade" industry

How can I contact WILMAR MARKETING CLV COMPANY LIMITED?

WILMAR MARKETING CLV COMPANY LIMITED phone numbers is 84-24 / 3766 9726

What adverse news is there about WILMAR MARKETING CLV COMPANY LIMITED?

WILMAR MARKETING CLV COMPANY LIMITED’s has no negative news

What is stock symbol of WILMAR MARKETING CLV COMPANY LIMITED?

WILMAR MARKETING CLV COMPANY LIMITED is not listed company

Where is the location of WILMAR MARKETING CLV COMPANY LIMITED?

WILMAR MARKETING CLV COMPANY LIMITED is located at 2nd and 10th Floor, CornerStone Building, No. 16, Phan Chu Trinh Street, Ha Noi City, Vietnam

What is WILMAR MARKETING CLV COMPANY LIMITED’s business registration?

WILMAR MARKETING CLV COMPANY LIMITED business registration is 0104128741

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