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Abu Dhabi Ship Building Co. (أبو ظبى لبناء السفن)

Main Activities: Ship and Boat Building

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Company Information

Full name
Abu Dhabi Ship Building Co. (أبو ظبى لبناء السفن)

Headquarters
P.O. Box 8922, ADSB Building, Musaffah Industrial Area, Abu Dhabi.; Abu Dhabi; Northern Emirates
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: Ernst & Young (2012)
Incorporation Date: January 1, 1996
Total Employees: 1,000

Tel: 971 25510800

Company Description

ADSB Ship Building was formed in 1996 as a public joint stock company . The company is responsible for the construction, repair, and overhaul of commercial and military ships and vessels.
The Company operates in four segments, namely naval ship construction, naval ship repairs, refits and upgrades, and commercial ship construction and repairs.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 10.86%, from AED 1,130,739 thousands to AED 1,253,493 thousands. The results of the period decreased -53.22% reaching AED 42,411 thousands at the end of the period against AED 90,654 thousands last year. Return on equity (Net income/Total equity) went from 18.01% to 7.64%, the Return On Asset (Net income / Total Asset) went from 3.70% to 1.75% and the Net Profit Margin (Net Income/Net Sales) went from 8.02% to 3.38% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 337.11% compared to 387.07% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.57 to 1.14 when compared to the previous year.

Key Executives

Mr.Homaid Al Shemmari Chairman
Mr.Jassim Mohammed Al Zaabi Vice Chairman
Mr.Abdulah Al Darmaki BOD - Board of Directors
Mr.Obaid Al Hiri Al Kitby BOD - Board of Directors
Mr.Suhail Mohammed Khalifa Al Marar BOD - Board of Directors

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Balance Sheet

Total Assets

2,211,318

2,425,584

Current Assets

1,828,372

1,658,705

Total Liabilities

1,820,082

1,870,671

Shareholders Equity

391,236

554,913

Current Liabilities

1,529,815

1,457,836

* All the accounts are in AED.
Income Statement

Total Operating Revenue

1,276,744

1,253,493

Net Profit (Loss)

29,129

42,411

* All the accounts are in AED.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.32%

1.75%

Annualised Return on Assets (ROA)

1.32%

1.75%

Return on Equity (ROE)

7.45%

7.64%

Annualised Return on Equity (ROE)

5.25%

8.47%

Return on Sales (ROS)

2.28%

3.38%

Gross Profit Margin

182%

179.63%

Efficiency Ratios

Accounts Receivable Turnover

3.63x

4.93x

Inventory Turnover

3.56x

75.43x

Current asset turnover

0.70x

0.76x

Fixed-asset turnover

3.33x

1.63x

Asset Turnover

0.58x

0.52x

Valuation figures and ratios

EBITDA

-6,192

-8,929

Enterprise value

1,792,540

1,837,394

Enterprise Value / EBITDA

-289.49

-205.78

Bookvalue (BV)

391,236

554,913

Net Cash

-1,792,540

-1,837,394

Liquidity Ratios

Current Ratio

119.52%

113.78%

Quick ratio

96.05%

112.64%

Doom's day ratio

1.8%

2.28%

Cash Flow to Debt

2.67%

-9.28%

Leverage Ratios

Leverage ratio

565.21%

437.11%

Debt to equity

465.21%

337.11%

Debt to total assets

82.31%

77.12%

Long Term Debt to Capital

42.59%

42.66%

Trend Ratios

Revenue Trend

101.85%

110.86%

Net Income Trend

68.68%

46.78%