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ASMAK (أسماك)
Main Activities: Fishing - Seafood Product Preparation and Packaging
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Company Information |
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Full name International Fish Farming (الشركة العالمية لزراعة الأسماك) Headquarters P.O. Box 32619, Asmak Building, 2nd Street, Rashed Bin Saeed Al Maktoum, Airport Road, Al Mishrif Area, Abu Dhabi.; Abu Dhabi; Northern Emirates |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Talal Abu Ghazaleh (2012) Incorporation Date: May 21, 1999 Total Employees: 218 Tel: 971 26448090 |
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Company Description |
| The International Fish Farming Holding Company (ASMAK), was set up in May 1999 after an IPO (initial public offering) earlier in January 1999, , through the efforts of the UAE Offsets Group (UOG), and with the support of the Abu Dhabi Government with a paid-in capital of AED 300 million (US$ 82 million). " The Company aims to produce, process and market quality fish and fish products at competitive prices in the local market and to establish itself as the leading seafood exporter in the region. The | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -28.33%, from AED 504,577 thousands to AED 361,619 thousands. Operating result decreased from AED 68,522 thousands to AED 21,482 thousands which means -68.65% change. The results of the period decreased -70.27% reaching AED 21,012 thousands at the end of the period against AED 70,674 thousands last year. Return on equity (Net income/Total equity) went from 20.53% to 2.14%, the Return On Asset (Net income / Total Asset) went from 7.44% to 1.33% and the Net Profit Margin (Net Income/Net Sales) went from 14.01% to 5.81% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 60.84% compared to 175.92% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.77 to 1.23 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,454,565 |
1,582,084 |
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Current Assets |
408,878 |
479,178 |
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Total Liabilities |
612,552 |
598,422 |
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Shareholders Equity |
842,013 |
983,662 |
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Current Liabilities |
403,157 |
390,416 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
254,645 |
361,619 |
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Operational Profit (Loss) |
-141,335 |
21,482 |
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Net Profit (Loss) |
-143,113 |
21,012 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-9.84% |
1.33% |
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Annualised Return on Assets (ROA) |
-9.84% |
1.33% |
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Return on Equity (ROE) |
-17% |
2.14% |
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Annualised Return on Equity (ROE) |
-14.55% |
6.1% |
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Return on Sales (ROS) |
-56.2% |
5.81% |
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Return on Capital |
-13.44% |
1.8% |
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Gross Profit Margin |
183.52% |
186.08% |
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Operating Profit Margin |
-55.5% |
5.94% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.77x |
1.47x |
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Inventory Turnover |
16.71x |
22.63x |
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Current asset turnover |
0.62x |
0.75x |
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Fixed-asset turnover |
0.24x |
0.33x |
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Asset Turnover |
0.18x |
0.23x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-141,335 |
21,482 |
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EBITDA |
-141,335 |
21,482 |
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Enterprise value |
681,975 |
597,448 |
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Enterprise Value / EBITDA |
-4.83 |
27.81 |
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Bookvalue (BV) |
842,013 |
983,662 |
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Net Cash |
-475,062 |
-387,862 |
| Liquidity Ratios | ||
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Current Ratio |
101.42% |
122.74% |
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Quick ratio |
97.64% |
118.64% |
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Doom's day ratio |
34.1% |
53.93% |
| Leverage Ratios | ||
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Leverage ratio |
172.75% |
160.84% |
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Debt to equity |
72.75% |
60.84% |
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Debt to total assets |
42.11% |
37.82% |
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Long Term Debt to Capital |
24.8% |
21.18% |
| Trend Ratios | ||
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Revenue Trend |
70.42% |
71.67% |
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Net Income Trend |
-681.1% |
29.73% |
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Operating Income Trend |
-657.92% |
31.35% |
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