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Golden Web Ltd
Main Activities: Agriculture, Forestry, Fishing and Hunting - Grain and Oilseed Milling
Secondary Activities: Support Activities for Agriculture and Forestry
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Company Information |
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Full name Golden Web Ltd Headquarters Ex-GIHOC Industrial Estate, Chirapatre (P.O.Box AH 8520 Ahensan) Kumasi; Kumasi; Ashanti |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000631 Tel: +233-51-30923 |
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Company Description |
| Golden Web Ltd. is a Ghana-based vegetable oil processing company. Golden Web Ltd. was established to undertake the export of wildlife, farming and processing of vegetable oils. The Company is focused on palm kernel soya bean oil and cakes. About 80% of the palm-kernel cakes produced are exported leaving 20% for the local market. The Company has acquired a 45,000-litre capacity oil tank, additional oil filter, conveyors and elevators among others. Sunflower, cottonseeds, peanuts and any other oil-bearing | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -37.39%, from GHC 1,626 thousands to GHC 1,018 thousands. Operating result increased from GHC -108 thousands to GHC -60 thousands which means 44.44% change. The results of the period increased 65.74% reaching GHC -123 thousands at the end of the period against GHC -359 thousands last year. Return on equity (Net income/Total equity) went from -34.65% to -6.42%, the Return On Asset (Net income / Total Asset) went from -15.41% to -7.01% and the Net Profit Margin (Net Income/Net Sales) went from -22.08% to -12.08% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 191.59% compared to 324.90% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.80 to 0.62 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 Q3C (cons) |
2012 Q1 (cons) |
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| Non-Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,754 |
1,863 |
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Current Assets |
442 |
391 |
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Total Liabilities |
3,669 |
3,523 |
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Shareholders Equity |
-1,915 |
-1,660 |
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Current Liabilities |
718 |
640 |
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| * All the accounts are in GHC. | ||
Income Statement
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Total Operating Revenue |
1,018 |
201 |
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Operational Profit (Loss) |
-60 |
-65 |
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Net Profit (Loss) |
-123 |
-86 |
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| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-7.01% |
-4.62% |
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Annualised Return on Assets (ROA) |
-9.35% |
-18.48% |
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Return on Equity (ROE) |
6.42% |
5.18% |
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Annualised Return on Equity (ROE) |
8.56% |
20.72% |
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Return on Sales (ROS) |
-12.08% |
-42.79% |
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Return on Capital |
-11.87% |
-7.03% |
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Gross Profit Margin |
21.02% |
100% |
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Operating Profit Margin |
7.37% |
-23.88% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
9.17x |
2.42x |
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Inventory Turnover |
3.39x |
0x |
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Current asset turnover |
2.30x |
0.51x |
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Fixed-asset turnover |
0.78x |
0.14x |
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Asset Turnover |
0.58x |
0.11x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-61 |
-65 |
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EBITDA |
75 |
-48 |
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Enterprise value |
2,776 |
2,663 |
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Enterprise Value / EBITDA |
37.01 |
-55.48 |
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Bookvalue (BV) |
-1,055 |
-811 |
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Net Cash |
-685 |
-629 |
| Liquidity Ratios | ||
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Current Ratio |
61.56% |
61.09% |
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Quick ratio |
28.55% |
24.53% |
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Doom's day ratio |
4.6% |
1.72% |
| Leverage Ratios | ||
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Leverage ratio |
-91.59% |
-112.23% |
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Interest Coverage Ratio |
-96.83% |
-309.52% |
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Debt to equity |
-191.59% |
-212.23% |
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Debt to total assets |
209.18% |
189.1% |
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Long Term Debt to Capital |
78.03% |
77.63% |
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Debt / Enterprise Value |
101.19% |
100.41% |
| Trend Ratios | ||
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Revenue Trend |
62.61% |
34.36% |
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Net Income Trend |
34.26% |
124.64% |
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Operating Income Trend |
56.48% |
-6,500% |
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