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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).
AFRICAN PAINTS NIGERIA PLC
Main Activities: Chemical Manufacturing - Paint, Coating, and Adhesive Manufacturing
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Company Information |
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Full name AFRICAN PAINTS NIGERIA PLC Headquarters Plot 51 Morison Crescent,Alausa/ Oregun Industrial Estate, Ikeja, Lagos; Ikeja; Lagos; P.M.B. 21538 |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGAFRPAINTS8 Financial Auditors: BDO Oyediran Faleye Oke & Co. (2010) Incorporation Date: July 1, 1996 Tel: +(234) 1 4775237 |
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Company Description |
| African Paints Nigeria PLC is involved in the manufacturing and marketing of agro-chemicals, general chemicals and paint. It Primary activity is the manufacturing of Paint, Coating, Paints Varnishes Lacquers Enamels, and allied products. |
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 21.93%, from NGN 52,202 thousands to NGN 63,650 thousands. Operating result decreased from NGN -13,999 thousands to NGN -14,757 thousands which means -5.41% change. The results of the period decreased -249.24% reaching NGN -50,248 thousands at the end of the period against NGN -14,388 thousands last year. Return on equity (Net income/Total equity) went from -21.02% to -276.29%, the Return On Asset (Net income / Total Asset) went from -4.03% to -14.46% and the Net Profit Margin (Net Income/Net Sales) went from -27.56% to -78.94% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1810.90% compared to 421.82% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.03 to 0.03 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 (cons) |
2012 Q3C (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 |
403,553 |
334,960 |
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Current Assets |
7,345 |
7,114 |
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Total Liabilities |
287,486 |
336,696 |
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Shareholders Equity |
116,067 |
-1,736 |
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Current Liabilities |
260,342 |
336,696 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
93,574 |
23,669 |
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Operational Profit (Loss) |
40,281 |
-13,587 |
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Net Profit (Loss) |
26,696 |
350 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.62% |
0.1% |
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Annualised Return on Assets (ROA) |
6.62% |
0.13% |
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Return on Equity (ROE) |
23% |
-20.16% |
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Annualised Return on Equity (ROE) |
23% |
-26.88% |
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Return on Sales (ROS) |
113.65% |
1.73% |
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Return on Capital |
23% |
-20.16% |
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Gross Profit Margin |
-45.23% |
-12.78% |
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Operating Profit Margin |
-126.88% |
-83.99% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
6.24x |
5.79x |
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Inventory Turnover |
10.03x |
7.58x |
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Current asset turnover |
3.20x |
2.85x |
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Fixed-asset turnover |
0.06x |
0.06x |
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Asset Turnover |
0.06x |
0.06x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
40,281 |
-13,587 |
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EBITDA |
40,281 |
-13,587 |
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Enterprise value |
743,498 |
902,391 |
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Enterprise Value / EBITDA |
18.46 |
-66.42 |
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Bookvalue (BV) |
403,553 |
175,564 |
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Net Cash |
-260,241 |
-336,092 |
| Liquidity Ratios | ||
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Current Ratio |
2.82% |
2.11% |
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Quick ratio |
1.51% |
1.22% |
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Doom's day ratio |
0.04% |
0.18% |
| Leverage Ratios | ||
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Leverage ratio |
347.69% |
-19,294.93% |
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Interest Coverage Ratio |
310.5% |
-226.9% |
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Debt to equity |
247.69% |
-19,394.93% |
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Debt to total assets |
71.24% |
100.52% |
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Long Term Debt to Capital |
100% |
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Debt / Enterprise Value |
0% |
17.66% |
| Market ratios | ||
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Market Capitalization/EBITDA |
18.46 |
-54.73 |
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Price/Book Ratio |
1.87 |
4.29 |
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Market Cap / Net cash |
-2.86 |
-2.21 |
| Trend Ratios | ||
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Revenue Trend |
40% |
50.97% |
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Net Income Trend |
-53.13% |
-0.49% |
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Operating Income Trend |
-272.96% |
152.42% |
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