PROLooking for more than just a company report? Upgrade to Pro now

PETROLIMEX BACTHAI.CO,LTD

Active

Business ID 4600128263

84-208 / 3845 060

PETROLIMEX BACTHAI.CO,LTD

Active

Business ID 4600128263

84-208 / 3845 060

PETROLIMEX BACTHAI.CO,LTD

Active

Summary

Name:

PETROLIMEX BACTHAI.CO,LTD

Business ID (TIN):

4600128263

Date of Registration:

15 Jul 2010

Registered Office:

Thai Nguyen Department of Planning and Investment

Address:

No. 16, Bac Nam Street, Phan Dinh Phung Ward, Thai Nguyen City, Thai Nguyen Province, Vietnam

Phone:

84-208 / 3845 060

Financial Statement:

2020, 2021, 2022, 2023, 2024

Established in July 2010 and operating as a one-member limited liability company under the Vietnamese state-owned Vietnam National Petroleum Group (Petrolimex), PETROLIMEX BACTHAI.CO., LTD serves as a regional fuel distributor and retailer in Thái Nguyên and Bắc Kạn provinces. Its operations span wholesale and retail of petroleum products, lubricants, liquefied gases, and associated consumer goods. The company is modest in size, employing 68 staff, and reported a total asset base of approximately USD 13.62 million at the end of 2023—reflecting a 4.74% year-over-year increase, but relatively stagnant over the three-year period.

From a revenue standpoint, 2023 saw total sales drop by 10.84%, from USD 198.7 million in 2022 to USD 177.14 million, signaling possible contraction in fuel demand or pricing adjustments amid volatile market conditions. While still operationally active, the firm’s profitability collapsed dramatically: net income fell 78.28%, from USD 229,828 to just USD 49,921, pushing net margins to extremely thin levels (less than 0.03%). This drastic decline in profit—following an even larger 60% fall in 2022—raises concerns about internal cost control, external pricing pressures, or inventory management inefficiencies.

Moreover, the company is currently operating with negative working capital of USD -5.21 million, indicating that its short-term liabilities exceed short-term assets. This situation places pressure on liquidity and raises the risk of delayed payments to suppliers or operational disruption unless short-term financing is secured or receivables improve. Although owner’s equity grew sharply by 62.59% in 2023 to USD 5 million, such growth likely stems from capital injections or retained earnings adjustments rather than operational performance, as net profit remained minimal.

Despite being 100% owned by Petrolimex—Vietnam’s dominant petroleum group—PETROLIMEX BACTHAI.CO., LTD faces tangible operational and financial risks. Its structural dependence on a commodity-sensitive industry, combined with shrinking margins and a deteriorating short-term liquidity profile, positions it in a financially vulnerable state. While government ownership provides strategic backing and mitigates bankruptcy risk in the near term, the company must urgently address profitability restoration, optimize inventory turnover, and manage working capital to ensure long-term financial resilience.

Legal Profile

English Name:

PETROLIMEX BACTHAI.CO,LTD

Vietnamese Name:

CÔNG TY TNHH XĂNG DẦU BẮC THÁI

Short Name:

CONG TY XANG DAU BAC THAI

Business ID (TIN):

4600128263

Date of Registration:

15 Jul 2010

Registered Office:

Thai Nguyen Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.K

Address:

No. 16, Bac Nam Street, Phan Dinh Phung Ward, Thai Nguyen City, Thai Nguyen Province, Vietnam

Phone:

84-208 / 3845 060

Branch:

Phung Chi Kien Ward, Bac Kan City, Bac Kan Province, Vietnam

Business Sector

Key business lines:

VSIC:

4730 Retail sale of automotive fuel in specialized stores

NACE:

47.30 Retail sale of automotive fuel in specialised stores

NAICS:

4471 Gasoline Stations

Industry Sales Growth

CAGR (2019 - 2023)

12.61%

YoY (2023)

-2.44%

Companies by industry

Company distribution and propportions

8,439

0.2903%

Key Industry Players

Top 10 companies in retail sale of automotive fuel in specialized stores industry

mekong petroleum joint stock company materials petroleum joint stock company petrolimex namdinh company limited petrolimex tiengiang co., ltd petrolimex bacthai.co,ltd tin nghia petrol joint - stock company hong duc petrol company limited dong nai building material and fuel joint stock company chau thanh petro co.,ltd petrolimex hue co., ltd.

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-55.06%
Owner’s Equity	-67.47%
Working Capital	92.56%
Net Worth	-66.67%
Sales	-97.96%
Operating income	32.62%
EBIT	26.40%
Gross Profit Margin	44.57%
Debt to EBITDA	-90.79%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About PETROLIMEX BACTHAI.CO,LTD

When did PETROLIMEX BACTHAI.CO,LTD start operating?

PETROLIMEX BACTHAI.CO,LTD was started in 15 Jul 2010

What industry does PETROLIMEX BACTHAI.CO,LTD operate in?

PETROLIMEX BACTHAI.CO,LTD is operating in "Retail sale of automotive fuel in specialized stores" industry

How can I contact PETROLIMEX BACTHAI.CO,LTD?

PETROLIMEX BACTHAI.CO,LTD phone numbers is 84-208 / 3845 060

What adverse news is there about PETROLIMEX BACTHAI.CO,LTD?

PETROLIMEX BACTHAI.CO,LTD’s has no negative news

What is stock symbol of PETROLIMEX BACTHAI.CO,LTD?

PETROLIMEX BACTHAI.CO,LTD is not listed company

Where is the location of PETROLIMEX BACTHAI.CO,LTD?

PETROLIMEX BACTHAI.CO,LTD is located at No. 16, Bac Nam Street, Phan Dinh Phung Ward, Thai Nguyen City, Thai Nguyen Province, Vietnam

What is PETROLIMEX BACTHAI.CO,LTD’s business registration?

PETROLIMEX BACTHAI.CO,LTD business registration is 4600128263

My Order (0)

PETROLIMEX BACTHAI.CO,LTD

PETROLIMEX BACTHAI.CO,LTD

PETROLIMEX BACTHAI.CO,LTD

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

PETROLIMEX BACTHAI.CO,LTD

PETROLIMEX BACTHAI.CO,LTD

PETROLIMEX BACTHAI.CO,LTD

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification