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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
ABPLAST PRODUCTS PLC
Main Activities: Plastics and Rubber Products Manufacturing - Plastics Product Manufacturing
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Company Information |
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Full name ABPLAST PRODUCTS PLC Headquarters Block 6, Flat 12 LSDPC Shopping Centre 12 Industrial Avenue; Lagos; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGABPLAST006 Financial Auditors: Pannell Awobo, Yusufu & Co. (2006) Incorporation Date: August 31, 1999 Tel: +234 (01) 960340 |
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Company Description |
| Abaplast is a leading chemical plastic manufacturer in Nigeria. The Company produces plastics Materials, basic forms and shapes. The Company is also a wholesaler distributor of plastic in Nigeria. |
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2010, total net operating revenues decreased with -90.37%, from NGN 8,896 thousands to NGN 857 thousands. Operating result increased from NGN -12,753 thousands to NGN -5,473 thousands which means 57.08% change. The results of the period increased 57.35% reaching NGN -5,473 thousands at the end of the period against NGN -12,833 thousands last year. Return on equity (Net income/Total equity) went from -36.44% to -13.49%, the Return On Asset (Net income / Total Asset) went from -54.65% to -23.49% and the Net Profit Margin (Net Income/Net Sales) went from -144.26% to -638.62% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 157.41% compared to 166.67% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.02 to 0.01 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2010 Y (cons) |
2009 Y (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 |
23,300 |
23,481 |
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Current Assets |
910 |
1,091 |
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Total Liabilities |
63,884 |
58,699 |
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Shareholders Equity |
-40,584 |
-35,218 |
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Current Liabilities |
63,884 |
58,699 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
857 |
8,896 |
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Operational Profit (Loss) |
-5,473 |
-12,753 |
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Net Profit (Loss) |
-5,473 |
-12,833 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-23.49% |
-54.65% |
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Annualised Return on Assets (ROA) |
-23.49% |
-54.65% |
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Return on Equity (ROE) |
13.49% |
36.44% |
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Annualised Return on Equity (ROE) |
13.49% |
36.44% |
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Return on Sales (ROS) |
-638.62% |
-144.26% |
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Return on Capital |
13.49% |
36.44% |
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Gross Profit Margin |
-638.62% |
-143.36% |
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Operating Profit Margin |
-638.62% |
-143.36% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.95x |
206.88x |
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Inventory Turnover |
14.42x |
21.14x |
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Current asset turnover |
0.94x |
8.15x |
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Fixed-asset turnover |
0.04x |
0.40x |
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Asset Turnover |
0.04x |
0.38x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-5,473 |
-12,753 |
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EBITDA |
-5,473 |
-12,753 |
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Enterprise value |
150,078 |
150,086 |
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Enterprise Value / EBITDA |
-27.42 |
-11.77 |
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Bookvalue (BV) |
-27,310 |
-27,129 |
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Net Cash |
-63,852 |
-58,675 |
| Liquidity Ratios | ||
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Current Ratio |
1.42% |
1.86% |
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Quick ratio |
0.74% |
0.11% |
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Doom's day ratio |
0.05% |
0.04% |
| Leverage Ratios | ||
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Leverage ratio |
-57.41% |
-66.67% |
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Debt to equity |
-157.41% |
-166.67% |
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Debt to total assets |
274.18% |
249.99% |
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Debt / Enterprise Value |
33.72% |
33.72% |
| Market ratios | ||
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Market Capitalization/EBITDA |
-18.18 |
-7.80 |
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Price/Book Ratio |
-3.66 |
-3.69 |
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Market Cap / Net cash |
-1.56 |
-1.70 |
| Trend Ratios | ||
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Revenue Trend |
9.63% |
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Net Income Trend |
42.65% |
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Operating Income Trend |
42.92% |
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