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Ire-Tex Corporation Berhad
Main Activities: Paper Manufacturing
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Company Information |
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Full name Ire-Tex Corporation Berhad Headquarters Plot 118 Jalan Perusahaan, Bukit Tengah Industrial Park; Bukit Mertajam; Pulau Pinang; 14000 Legal Address 35 Level 1, Jalan Kelisa Emas 1, Taman Kelisa Emas, Seberang Jaya; Perai; Pulau Pinang; 13700 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : MYL7183OO006 Financial Auditors: Grant Thornton (fka JB Lau & Associates) (2010) Incorporation Date: April 4, 2002 Total Employees: 478 Tel: (60 4) 5022752 |
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Company Description |
| The principal activity of IRETEX is that of investment holding and provision of management services. The principal activities of its subsidiaries are manufacture and sales of protective packaging materials for computers and electronic products, preparation and sub-assembly of chassis, generation of biomass energy and investment holding. Ire-Tex Corporation Berhad (IRETEX) was incorporated in Malaysia under the Companies Act 1965 on 4/4/2002 as a private limited company under the name of Ire-Tex | ||
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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 -2.61%, from MYR 96,491 thousands to MYR 93,975 thousands. Operating result increased from MYR 2,949 thousands to MYR 4,348 thousands which means 47.44% change. The results of the period increased 98.04% reaching MYR 2,420 thousands at the end of the period against MYR 1,222 thousands last year. Return on equity (Net income/Total equity) went from 2.51% to 4.73%, the Return On Asset (Net income / Total Asset) went from 1.25% to 2.62% and the Net Profit Margin (Net Income/Net Sales) went from 1.27% to 2.58% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 84.71% compared to 104.76% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.39 to 1.50 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 (non-cons) |
2012 Q3C (cons) |
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| 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 |
95,659 |
92,405 |
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Current Assets |
56,408 |
55,597 |
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Total Liabilities |
43,709 |
43,309 |
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Shareholders Equity |
51,950 |
51,126 |
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Current Liabilities |
39,943 |
37,100 |
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| * All the accounts are in MYR. | ||
Income Statement
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Total Operating Revenue |
126,550 |
93,975 |
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Operational Profit (Loss) |
5,691 |
4,348 |
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Net Profit (Loss) |
2,792 |
2,420 |
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| * All the accounts are in MYR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.92% |
2.62% |
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Annualised Return on Assets (ROA) |
2.92% |
3.49% |
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Return on Equity (ROE) |
5.37% |
4.93% |
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Annualised Return on Equity (ROE) |
5.37% |
6.57% |
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Return on Sales (ROS) |
2.24% |
2.6% |
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Return on Capital |
5.06% |
4.59% |
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Gross Profit Margin |
20.6% |
20.78% |
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Operating Profit Margin |
6.46% |
6.76% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.98x |
3.11x |
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Inventory Turnover |
8.51x |
6.12x |
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Current asset turnover |
2.21x |
1.67x |
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Fixed-asset turnover |
3.18x |
2.52x |
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Asset Turnover |
1.31x |
1.01x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
5,688 |
4,346 |
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EBITDA |
9,725 |
7,337 |
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Enterprise value |
65,652 |
70,540 |
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Enterprise Value / EBITDA |
6.75 |
9.61 |
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Bookvalue (BV) |
74,004 |
72,839 |
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Net Cash |
-30,160 |
-29,127 |
| Liquidity Ratios | ||
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Current Ratio |
141.22% |
149.86% |
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Quick ratio |
112.03% |
117.43% |
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Doom's day ratio |
24.49% |
21.49% |
| Leverage Ratios | ||
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Leverage ratio |
184.14% |
188.21% |
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Interest Coverage Ratio |
468.53% |
469.33% |
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Debt to equity |
84.14% |
88.21% |
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Debt to total assets |
45.69% |
46.87% |
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Long Term Debt to Capital |
7.72% |
12.12% |
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Debt / Enterprise Value |
32.98% |
27.74% |
| Market ratios | ||
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Market Capitalization/EBITDA |
5.53 |
7.76 |
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Price/Book Ratio |
0.73 |
0.80 |
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Market Cap / Net cash |
-1.78 |
-1.95 |
| Trend Ratios | ||
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Revenue Trend |
96.92% |
97.34% |
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Net Income Trend |
133.78% |
198.04% |
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Operating Income Trend |
116.84% |
140.42% |
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