CONG TY TNHH MAI THAO

MAI THAO COMPANY LIMITED (CÔNG TY TNHH MAI THẢO) is a small, locally based transport service provider operating in Phu Tan District, An Giang Province. Established in 2015, the company has more than 10 years of operating history, focusing exclusively on other passenger land transport services, serving local mobility needs rather than large-scale interprovincial routes.

The company operates as a limited liability company with a relatively modest charter capital of approximately USD 205 thousand. Management is led by NGUYEN V. T., who serves as President and is also a key shareholder alongside PHAN T. T. The workforce is small, with around 10 employees, which reflects the company’s limited operational scale and localized business model.

From a financial perspective, MAI THAO COMPANY LIMITED operates under considerable strain. While sales increased to around USD 250 thousand, indicating some recovery in demand, the company continues to face persistent losses, with a net loss of approximately USD 157 thousand in the most recent year. More critically, equity has turned profoundly negative, reaching roughly USD -514 thousand, and working capital is also significantly negative, highlighting serious liquidity and solvency pressure.

The balance sheet shows limited asset capacity, with total assets of about USD 659 thousand, which constrains the company’s ability to absorb shocks, invest in fleet upgrades, or expand operations. Although the company remains legally active, the financial data suggests that ongoing operations may depend heavily on short-term cash inflows, owner support, or restructuring of liabilities.

Overall, MAI THAO COMPANY LIMITED represents a micro-scale passenger transport operator with stable business continuity but elevated financial risk. For counterparties, lenders, or partners, the company’s negative equity position and recurring losses are key concerns. Future sustainability will likely depend on cost containment, improved utilization of transport assets, and potential capital reinforcement from shareholders to restore balance-sheet stability.