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Pioneer Kitchenware Limited
Main Activities: Manufacturing - Leather and Allied Product Manufacturing
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Company Information |
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Full name Pioneer Kitchenware Limited Headquarters 4 Akasanoma Rd Light Industrial Area ,Tema.; Tema; Greater Accra; P.O.Box164 Tema |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000151 Total Employees: 195 Tel: 233-022-202766/7 233-022-210192/3 |
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Company Description |
| Pioneer Kitchenware Limited (PKL), formerly Pioneer Aluminium Factory Limited, is a Ghana-based manufacture of aluminum hollowware products. PKL manufactures and markets a range of aluminum household products for the domestic and export markets. The Company trades under the brand names Torch Standard, Torch Elegance and Torch Prestige. |
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2011, total net operating revenues increased with 11.08%, from GHC 1,507 thousands to GHC 1,674 thousands. Operating result increased from GHC -288 thousands to GHC -21 thousands which means 92.71% change. The results of the period increased 70.95% reaching GHC -104 thousands at the end of the period against GHC -358 thousands last year. Return on equity (Net income/Total equity) went from -118.94% to -32.10%, the Return On Asset (Net income / Total Asset) went from -20.79% to -5.15% and the Net Profit Margin (Net Income/Net Sales) went from -23.76% to -6.21% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 523.77% compared to 472.09% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.30 to 0.43 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Q3C (cons) |
2011 Q2C (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 |
2,021 |
1,721 |
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Current Assets |
724 |
397 |
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Total Liabilities |
1,697 |
1,378 |
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Shareholders Equity |
324 |
343 |
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Current Liabilities |
1,683 |
1,364 |
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| * All the accounts are in GHC. | ||
Income Statement
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Total Operating Revenue |
1,674 |
1,108 |
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Operational Profit (Loss) |
-21 |
-50 |
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Net Profit (Loss) |
-104 |
-99 |
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| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-5.15% |
-5.75% |
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Annualised Return on Assets (ROA) |
-6.87% |
-11.5% |
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Return on Equity (ROE) |
-32.1% |
-28.86% |
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Annualised Return on Equity (ROE) |
-42.8% |
-57.72% |
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Return on Sales (ROS) |
-6.23% |
-8.96% |
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Return on Capital |
-32.1% |
-28.86% |
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Gross Profit Margin |
23.89% |
16.47% |
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Operating Profit Margin |
3.41% |
0.09% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
10x |
5.94x |
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Inventory Turnover |
2.97x |
4.91x |
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Current asset turnover |
2.31x |
2.78x |
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Fixed-asset turnover |
1.29x |
0.83x |
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Asset Turnover |
0.83x |
0.64x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-21 |
-50 |
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EBITDA |
61 |
4 |
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Enterprise value |
365 |
439 |
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Enterprise Value / EBITDA |
5.98 |
109.75 |
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Bookvalue (BV) |
1,530 |
1,259 |
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Net Cash |
-1,557 |
-1,341 |
| Liquidity Ratios | ||
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Current Ratio |
43.02% |
29.11% |
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Quick ratio |
17.59% |
15.32% |
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Doom's day ratio |
7.49% |
1.69% |
| Leverage Ratios | ||
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Leverage ratio |
623.77% |
501.75% |
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Interest Coverage Ratio |
-25% |
-102.04% |
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Debt to equity |
523.77% |
401.75% |
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Debt to total assets |
83.97% |
80.07% |
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Long Term Debt to Capital |
1.59% |
1.59% |
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Debt / Enterprise Value |
134.52% |
105.24% |
| Market ratios | ||
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Price/Book Ratio |
2.18 |
2.65 |
| Trend Ratios | ||
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Revenue Trend |
110.89% |
102.31% |
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Net Income Trend |
29.05% |
66.44% |
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Operating Income Trend |
7.29% |
43.1% |
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