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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).

AVON CROWNCAPS & CONTAINERS PLC

Main Activities: Fabricated Metal Product Manufacturing - Architectural and Structural Metals Manufacturing

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Company Information

Full name
AVON CROWNCAPS & CONTAINERS PLC

Headquarters
22 Musa Yar'Adua Street P.O. Box 73004 Victoria Island Lagos; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGAVONCROWN7
Financial Auditors: PKF-Pannel Kerr Forster (2010)
Incorporation Date: January 12, 1994

Tel: +234 (01) 2611433

Company Description

Avon Crowncaps and Containers plc is engaged in the manufacturing of crowncaps and various other types of caps and covers, containers and other similar items of metallic products. The Company has two wholly owned subsidiary companies: Fine Chemicals Nigeria Limited and Globe Packaging Industries Limited. Fine Chemicals Nigeria Limited is engaged in the manufacturing, usage and marketing of fertilizers, insecticides, pesticides. herbicides, funicides, digesturia, industrial and textile chemicals,
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the Year of 2012, total net operating revenues decreased with -2.54%, from NGN 11,770,554 thousands to NGN 11,471,150 thousands. Operating result increased from NGN 649,370 thousands to NGN 718,115 thousands which means 10.59% change. The results of the period decreased -68.79% reaching NGN 32,788 thousands at the end of the period against NGN 105,065 thousands last year. Return on equity (Net income/Total equity) went from 5.86% to 1.63%, the Return On Asset (Net income / Total Asset) went from 3.33% to 0.30% and the Net Profit Margin (Net Income/Net Sales) went from 0.89% to 0.29% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 453.31% compared to 276.05% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.44 to 1.12 when compared to the previous year.

Key Executives

Sanjay N. Kirpalani Chairman
Ranti S. Bhonsle Chief Executive Officer
Ranti S. Bhonsle Managing Director
K L.M Rao Director/Member Of The Board
M. G. Mammen Director/Member Of The Board
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Balance Sheet

Total Assets

7,875,763

7,573,622

Current Assets

5,197,070

4,791,924

Total Liabilities

6,170,336

5,816,483

Shareholders Equity

1,705,427

1,757,139

Current Liabilities

4,603,183

4,413,530

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

3,169,127

2,538,686

Operational Profit (Loss)

257,386

144,864

Net Profit (Loss)

-51,712

-205,322

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

-0.66%

-2.71%

Annualised Return on Assets (ROA)

-0.88%

-5.42%

Return on Equity (ROE)

-3.03%

-11.69%

Annualised Return on Equity (ROE)

-4.04%

-23.38%

Return on Sales (ROS)

-1.63%

-8.09%

Return on Capital

-3.03%

-11.69%

Gross Profit Margin

15.8%

14.41%

Operating Profit Margin

7.97%

5.71%

Efficiency Ratios

Inventory Turnover

0.44x

0.35x

Current asset turnover

0.61x

0.53x

Fixed-asset turnover

1.18x

0.91x

Asset Turnover

0.40x

0.34x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

257,386

144,864

EBITDA

257,386

144,864

Enterprise value

4,357,095

4,670,948

Enterprise Value / EBITDA

16.93

32.24

Bookvalue (BV)

7,875,763

7,573,622

Net Cash

-7,660,727

-7,654,972

Liquidity Ratios

Current Ratio

112.9%

108.57%

Quick ratio

-18.73%

-33.8%

Doom's day ratio

-66.42%

-73.44%

Leverage Ratios

Leverage ratio

461.81%

431.02%

Interest Coverage Ratio

86.92%

41.37%

Debt to equity

361.81%

331.02%

Debt to total assets

78.35%

76.8%

Long Term Debt to Capital

100%

100%

Market ratios

Market Capitalization/EBITDA

5.05

9.87

Price/Book Ratio

0.17

0.19

Market Cap / Net cash

-0.17

-0.19

Trend Ratios

Revenue Trend

106.66%

84%

Net Income Trend

-886.24%

-1,286.88%

Operating Income Trend

118.31%

82.78%