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.