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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).

Magni-Tech Industries Berhad

Main Activities: Apparel Manufacturing

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Company Information

Full name
Magni-Tech Industries Berhad

Headquarters
Level 18 Penas Tower, Midland Park Centre, 488-A, Jln Burma; Georgetown; Charlotte Parish; 10350
Legal Address
51-21-A Menara BHL Bank, Jalan Sultan Ahmad Shah; Georgetown; Charlotte Parish; 10050
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : MYL7087OO009
Financial Auditors: Ernst & Young (2010)
Incorporation Date: March 12, 1997
Total Employees: 612

Tel: (60 4) 2276888

Company Description

The principal activities of MAGNI are the provision of management services and to act as an investment holding company. The principal activities of the subsidiaries are manufacturing and distribution of flexible plastic packaging materials for industrial and commercial uses, manufacturing and sales of garments. MAGNI is involved in the manufacture of corrugated and plastic packaging products, flexible packaging materials and inner packaging boxes. Its corrugated and plastic packaging products
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the first two cumulated quarters of 2013, total net operating revenues decreased with -5.40%, from MYR 282,962 thousands to MYR 267,685 thousands. Operating result increased from MYR 21,191 thousands to MYR 24,155 thousands which means 13.99% change. The results of the period increased 14.80% reaching MYR 18,658 thousands at the end of the period against MYR 16,252 thousands last year. Return on equity (Net income/Total equity) went from 9.45% to 9.56%, the Return On Asset (Net income / Total Asset) went from 6.66% to 6.68% and the Net Profit Margin (Net Income/Net Sales) went from 5.74% to 6.97% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 43.11% compared to 41.91% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.61 to 2.57 when compared to the previous year.

Key Executives

Kok Ping Tan Executive Chairman
Poay Seng Tan Managing Director
Noor Zahidi Bin Omar Director
Kok Aun Tan Executive Director
Cheok Seng H\'Ng Independent Non Executive Director (Company)
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Balance Sheet

Total Assets

276,586

279,431

Current Assets

194,292

196,801

Total Liabilities

71,535

84,178

Shareholders Equity

205,081

195,253

Current Liabilities

63,908

76,599

* All the accounts are in MYR.
Income Statement

Total Operating Revenue

430,202

267,685

Operational Profit (Loss)

36,999

24,155

Net Profit (Loss)

28,516

18,658

* All the accounts are in MYR.
Ratios
Profitability Ratios

Return on Assets (ROA)

10.31%

6.68%

Annualised Return on Assets (ROA)

13.75%

13.36%

Return on Equity (ROE)

13.91%

9.56%

Annualised Return on Equity (ROE)

18.55%

19.12%

Return on Sales (ROS)

6.65%

6.99%

Return on Capital

13.91%

9.56%

Gross Profit Margin

100%

9.75%

Operating Profit Margin

9.28%

9.75%

Efficiency Ratios

Accounts Receivable Turnover

4.99x

3.41x

Inventory Turnover

0x

4.35x

Current asset turnover

2.21x

1.36x

Fixed-asset turnover

5.21x

3.23x

Asset Turnover

1.55x

0.96x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

36,788

24,025

EBITDA

40,892

26,772

Enterprise value

91,396

93,514

Enterprise Value / EBITDA

2.24

3.49

Bookvalue (BV)

276,586

279,431

Net Cash

-5,091

-15,787

Liquidity Ratios

Current Ratio

304.02%

256.92%

Quick ratio

230.5%

184.64%

Doom's day ratio

92.03%

79.39%

Leverage Ratios

Leverage ratio

134.89%

143.11%

Interest Coverage Ratio

9,243.22%

9,240.38%

Debt to equity

34.89%

43.11%

Debt to total assets

25.86%

30.12%

Long Term Debt to Capital

6.57%

6.53%

Market ratios

Market Capitalization/EBITDA

3.67

5.76

Price/Book Ratio

0.56

0.56

Market Cap / Net cash

-29.50

-9.78

Trend Ratios

Revenue Trend

103.02%

94.45%

Net Income Trend

117.93%

114.8%

Operating Income Trend

116.42%

117.98%