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Nigeria
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COURTVILLE INVESTMENT LIMITED

Main Activities: Investment Brokerage and Other Financial Investments - Securities and Commodity Exchanges

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Company Information

Full name
COURTVILLE INVESTMENT LIMITED

Headquarters
No. 90 Olonode Street, Alagomeji, Yaba, Lagos. ; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
Financial Auditors: Thompson Aiyegunle & Co. (2010)

Tel: +234-1-2608890-7, 2694127

Company Description

Courtville Investment plc is an investment firm duly registered and regulated under the Securities and Exchange Commission on (SEC) of the Federal Republic of Nigeria to carry out financial, management and advisory services to a select clientele.

Company Analysis

According to the Consolidated - Non-Audited financial statement for the Year of 2009, total net operating revenues increased with 29.34%, from NGN 600,618 thousands to NGN 776,832 thousands. Operating result decreased from NGN 303,253 thousands to NGN 162,809 thousands which means -46.31% change. The results of the period decreased -33.62% reaching NGN 181,444 thousands at the end of the period against NGN 273,354 thousands last year. Return on equity (Net income/Total equity) went from 11.46% to 7.41%, the Return On Asset (Net income / Total Asset) went from 10.05% to 6.57% and the Net Profit Margin (Net Income/Net Sales) went from 45.51% to 23.36% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 12.76% compared to 14.03% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.00 to 2.70 when compared to the previous year.

Key Executives

Salami Murtala Osuolale Chairman
Adebola Akindele Chief Executive Officer
Adebola Akindele Managing Director
Afam Edozie Director
Lilian Unozia Ajayi Director
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Balance Sheet

Total Assets

3,098,942

2,910,100

Current Assets

692,899

647,077

Total Liabilities

359,264

282,574

Shareholders Equity

2,739,678

2,627,526

Current Liabilities

249,264

263,463

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

1,115,348

869,037

Operational Profit (Loss)

305,959

206,931

Net Profit (Loss)

245,352

179,556

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

7.92%

6.17%

Annualised Return on Assets (ROA)

7.92%

6.17%

Return on Equity (ROE)

8.96%

6.83%

Annualised Return on Equity (ROE)

8.96%

6.83%

Return on Sales (ROS)

28.68%

20.66%

Return on Capital

8.96%

6.83%

Gross Profit Margin

55.44%

66.05%

Operating Profit Margin

18.29%

34.62%

Efficiency Ratios

Inventory Turnover

3.07x

2.63x

Current asset turnover

1.23x

1.34x

Fixed-asset turnover

0.36x

0.38x

Asset Turnover

0.28x

0.30x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

305,959

206,931

EBITDA

416,274

300,865

Enterprise value

1,392,617

-75,622

Enterprise Value / EBITDA

3.35

-0.25

Bookvalue (BV)

3,098,942

2,910,100

Net Cash

-161,881

-147,341

Liquidity Ratios

Current Ratio

277.98%

245.6%

Quick ratio

228.22%

202.97%

Doom's day ratio

35.06%

44.08%

Leverage Ratios

Leverage ratio

113.11%

110.75%

Interest Coverage Ratio

2,740.59%

2,241.7%

Debt to equity

13.11%

10.75%

Debt to total assets

11.59%

9.71%

Long Term Debt to Capital

6.92%

1.27%

Market ratios

Market Capitalization/EBITDA

3.56

0.13

Price/Book Ratio

0.48

0.01

Market Cap / Net cash

-9.14

-0.27

Trend Ratios

Revenue Trend

98.45%

111.87%

Net Income Trend

136.64%

98.96%

Operating Income Trend

147.86%

94.78%