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Malaysia
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Axis Incorporation Berhad

Main Activities: Apparel Manufacturing

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Company Information

Full name
Axis Incorporation Berhad

Headquarters
26 & 26A Jalan Lambak, Taman Johor; Johor Bahru; Johor; 81200
Status: Delisted
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : MYL7447OO005
Financial Auditors: PKF (2010)
Incorporation Date: July 29, 2002
Total Employees: 334

Tel: (60 7) 2341888

Company Description

AXIS is principally engaged in the business of investment holding. The principal activities of the subsidiaries are manufacturer of garments, fabric knitting and dyeing. AXIS was incorporated on 29th July 2002 and listed on the main board of Bursa Malaysia on 19th April 2004. AXIS and its subsidiaries are involve in manufacturing and trading of textiles and garments. The subsidiaries of the company are Asiapin Sdn Bhd, Chongee Enterprise Sdn Bhd and GBC Marketing Pte. Ltd (Singapore). Lee Han Boon
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the second quarter of 2011, total net operating revenues increased with 138.02%, from MYR 13,048 thousands to MYR 31,057 thousands. Operating result decreased from MYR -1,050 thousands to MYR -1,738 thousands which means -65.52% change. The results of the period decreased -308.60% reaching MYR -6,987 thousands at the end of the period against MYR -1,710 thousands last year. Return on equity (Net income/Total equity) went from -0.62% to -2.12%, the Return On Asset (Net income / Total Asset) went from -1.31% to -5.96% and the Net Profit Margin (Net Income/Net Sales) went from -13.11% to -22.50% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 135.56% compared to 146.99% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.12 to 0.11 when compared to the previous year.

Key Executives

Izham bin YUSOFF Ind Non Executive Chairman
Dato' Dr. Yuan Meng AW Vice Chairman
Tengku Aslahuddin Ja'afar bin TENGKU AZLAN Ind Non Executive Director
Zairi Shaz Bin MOHD ISMAIL Ind Non Executive Director
Han Boon LEE Executive Director
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Companies with Similar Main Activities

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Balance Sheet

Total Assets

117,222

101,231

Current Assets

49,908

31,772

Total Liabilities

446,891

421,601

Shareholders Equity

-329,669

-320,370

Current Liabilities

446,891

421,601

* All the accounts are in MYR.
Income Statement

Total Operating Revenue

59,561

28,445

Operational Profit (Loss)

-8,477

-6,739

Net Profit (Loss)

-23,056

-13,987

* All the accounts are in MYR.
Ratios
Profitability Ratios

Return on Assets (ROA)

-16.13%

-11.77%

Annualised Return on Assets (ROA)

-32.26%

-47.08%

Return on Equity (ROE)

5.73%

3.72%

Annualised Return on Equity (ROE)

11.46%

14.88%

Return on Sales (ROS)

-14.25%

-23.7%

Return on Capital

5.73%

3.72%

Gross Profit Margin

0.79%

-4.2%

Operating Profit Margin

-38.75%

-49.19%

Efficiency Ratios

Inventory Turnover

0.04x

0.02x

Current asset turnover

0.01x

0.01x

Fixed-asset turnover

0.01x

0.00x

Asset Turnover

0.01x

0.00x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-8,477

-6,739

EBITDA

-3,966

-4,473

Bookvalue (BV)

-329,669

-320,370

Net Cash

-31,633

-30,829

Liquidity Ratios

Current Ratio

0.11%

0.08%

Quick ratio

0.06%

0.03%

Doom's day ratio

0%

0%

Leverage Ratios

Leverage ratio

-0.36%

-0.32%

Interest Coverage Ratio

-0.81%

-1.3%

Debt to equity

-135.56%

-131.6%

Debt to total assets

3.08%

3.56%

Long Term Debt to Capital

0%

0%

Market ratios

Market Capitalization/EBITDA

-

-1.37

Price/Book Ratio

-

-0.02

Market Cap / Net cash

-

-0.20

Market cap/Shareholder equity

-

-0.02

Trend Ratios

Net Income Trend

3.13%

2.47%

Operating Income Trend

1.39%

1.33%