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TIN NGHIA PETROL JOINT - STOCK COMPANY
Active
Business ID 3601038204
84-251 / 3847 654 / 3843 646
Risk Score
TIN NGHIA PETROL JOINT - STOCK COMPANY
Active
Business ID 3601038204
84-251 / 3847 654 / 3843 646
Risk Score
TIN NGHIA PETROL JOINT - STOCK COMPANY
Active
Summary
TIN NGHIA PETROL JOINT - STOCK COMPANY
3601038204
08 Dec 2008
Dong Nai Province Department of Planning and Investment
TINNGHIAPETRO
No. 95A, Cach Mang Thang 8 Street, Quyet Thang Ward, Bien Hoa City, Dong Nai Province, Vietnam
84-251 / 3847 654 / 3843 646
(84-251) 3941 024
2019, 2020, 2021, 2022, 2023

TIN NGHIA PETROL JOINT-STOCK COMPANY, legally registered under the Vietnamese name CÔNG TY CỔ PHẦN XĂNG DẦU TÍN NGHĨA, operates as a publicly held joint-stock company with its Business ID and Tax Identification Number (TIN) 3601038204. The company was officially incorporated on December 8, 2008, and is headquartered at No. 95A, Cach Mang Thang 8 Street, Quyet Thang Ward, Bien Hoa City, Dong Nai Province, Vietnam. It is regulated by the Department of Planning and Investment of Dong Nai Province and currently trades over-the-counter (OTC) under the stock symbol TINNGHIAPETRO.

At the management level, Mr. Quach V. D. serves as the Chairman, overseeing the strategic direction of the company, while Mr. Tran T. T. holds the position of Director, managing its day-to-day operations. The company is a subsidiary of TIN NGHIA CORPORATION, which owns a majority stake of 58.98%, followed by S.T.S Petroleum and Logistics Service Joint Stock Company with 35.07%, and other shareholders collectively owning the remaining 5.95%.

The core business of Tin Nghia Petrol is the retail sale of automotive fuel, alongside trading petroleum, oil, lubricants, and gas. The company also engages in various supplementary activities, such as freight transport, property trading, beverage services, and retailing household equipment and hardware. As of 2023, the company had 325 employees, serving a range of retail and industrial clients across Dong Nai Province and southern Vietnam.

From a financial standpoint, the company presents a mixed risk profile. Its total assets dropped significantly from USD 24.79 million in 2021 to USD 13.63 million in 2023, marking a 15.27% year-over-year decline in 2023, following a 35% drop in 2022. Despite the contraction in assets, equity rose modestly by 5.39% in 2023, signaling a degree of capital stabilization after previous setbacks.

Revenue in 2023 was USD 140.22 million, which represented a steep 35.99% drop from the previous year’s USD 219 million, highlighting exposure to market volatility. Nonetheless, the company returned to profitability with a net profit of USD 504,781, a substantial rebound from a loss of over USD 1.3 million in 2022, equating to a 138% year-over-year growth. Working capital also improved to USD 2.39 million, up 76.63% compared to 2022.

Although the company remains active and financially solvent, the downward trend in assets and revenue suggests operational vulnerabilities, potentially linked to volatile petroleum prices or tightening competition in the retail fuel sector. However, the improvement in profit margins and equity in 2023 indicates that management is taking corrective measures to restore financial stability. A conservative credit approach is advised, with ongoing monitoring of cash flow and margin performance, particularly in light of the company's exposure to fluctuations in oil and fuel markets.

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Contacts

+ QUACH V.D

+ TRAN T.T

No. 95A, Cach Mang Thang 8 Street, Quyet Thang Ward, Bien Hoa City, Dong Nai Province, Vietnam
84-251 / 3847 654 / 3843 646
(84-251) 3941 024
No. 2, Lap Thanh Quarter, National Road 20, Dau Giay Town, Thong Nhat District, Dong Nai Province, Vietnam
No. 460, Lap Thanh Quarter, National Road 1A, Dau Giay Town, Thong Nhat District, Dong Nai Province, Vietnam
No. 15, Quarter 1, Hung Vuong Street, Xuan Trung Ward, Long Khanh City, Dong Nai Province, Vietnam
No. 463, Road 21/4, Quarter 4, Xuan Binh Ward, Long Khanh City, Dong Nai Province, Vietnam
Viet Kieu Hamlet, Lang Minh Three-section, National Road 1, Suoi Cat Commune, Xuan Loc District, Dong Nai Province, Vietnam
Business Sector
47.30 Retail sale of automotive fuel in specialised stores
4471 Gasoline Stations
Industry Sales Growth
icon-cagr-down

12.61%

icon-yoy-up

-2.44%

Companies by industry
icon-number

8,433

icon-per

0.2908%

Key Industry Players
Payment History
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Financial Performance
Assets -66.24%
Owner’s Equity 26.96%
Working Capital 61.01%
Net Worth -10.38%
Sales -63.98%
Operating income -77.31%
EBIT 86.85%
Gross Profit Margin -61.23%
Debt to EBITDA 39.93%
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Specific Questions About TIN NGHIA PETROL JOINT - STOCK COMPANY
When did TIN NGHIA PETROL JOINT - STOCK COMPANY start operating?
TIN NGHIA PETROL JOINT - STOCK COMPANY was started in 08 Dec 2008
What industry does TIN NGHIA PETROL JOINT - STOCK COMPANY operate in?
TIN NGHIA PETROL JOINT - STOCK COMPANY is operating in "Retail sale of automotive fuel in specialized stores" industry
How can I contact TIN NGHIA PETROL JOINT - STOCK COMPANY?
TIN NGHIA PETROL JOINT - STOCK COMPANY phone numbers is 84-251 / 3847 654 / 3843 646
What adverse news is there about TIN NGHIA PETROL JOINT - STOCK COMPANY?
TIN NGHIA PETROL JOINT - STOCK COMPANY’s has no negative news
What is stock symbol of TIN NGHIA PETROL JOINT - STOCK COMPANY?
TIN NGHIA PETROL JOINT - STOCK COMPANY’s stock symbol is TINNGHIAPETRO
Where is the location of TIN NGHIA PETROL JOINT - STOCK COMPANY?
TIN NGHIA PETROL JOINT - STOCK COMPANY is located at No. 95A, Cach Mang Thang 8 Street, Quyet Thang Ward, Bien Hoa City, Dong Nai Province, Vietnam
What is TIN NGHIA PETROL JOINT - STOCK COMPANY’s business registration?
TIN NGHIA PETROL JOINT - STOCK COMPANY business registration is 3601038204
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