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DN MEYER PLC
Main Activities: Chemical Manufacturing - Paint, Coating, and Adhesive Manufacturing
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Company Information |
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Full name DN MEYER PLC Headquarters Plot 34, Oregun Industrial Estate Mobolaji Johnson Avenue,Alausa,Ikeja Lagos; Ikeja; Lagos; P.M.B 21002 |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGDNMEYER001 Financial Auditors: Ernst & Young (2010) Incorporation Date: January 24, 1979 Total Employees: 271 Tel: +234-1-2715201/7740590 |
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Company Description |
| The Company formerly known as Hagemeyer Nigeria Plc, which had existed wayback from the 1940's under various names, initially as JF registered in Nigeria on the 20th May, 1960 and was the manufacturer of Sigma Paints. In 1994, Dunlop Nigeria Plc acquired the foreign equity interest of the company and now currently controls 68% of the Issued Share Capital. The acquisition subsequently led to the change of both the Corporate and Brand names to DN MEYER PLC and MEYER PAINTS respectively. The Company | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 16.86%, from NGN 1,187,405 thousands to NGN 1,387,654 thousands. Operating Results increased from NGN -15,841 thousands to NGN 31,277 thousands. The results of the period increased 58.55% reaching NGN -97,974 thousands at the end of the period against NGN -236,374 thousands last year. Return on equity (Net income/Total equity) went from -40.28% to -16.48%, the Return On Asset (Net income / Total Asset) went from -8.71% to -3.88% and the Net Profit Margin (Net Income/Net Sales) went from -19.91% to -7.06% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 324.90% compared to 362.69% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.31 to 0.29 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 Q3C (cons) |
2011 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 |
2,487,625,984 |
2,525,748 |
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Current Assets |
679,197,696 |
567,388 |
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Total Liabilities |
1,019,099,456 |
1,931,313 |
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Shareholders Equity |
1,468,526,592 |
594,435 |
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Current Liabilities |
679,131,264 |
1,931,313 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
1,080,486,176 |
1,387,654 |
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Operational Profit (Loss) |
79,917,480 |
31,277 |
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Net Profit (Loss) |
-8,529,912 |
-97,974 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-0.34% |
-3.88% |
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Annualised Return on Assets (ROA) |
-0.45% |
-3.88% |
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Return on Equity (ROE) |
-0.58% |
-16.48% |
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Annualised Return on Equity (ROE) |
-0.77% |
-16.48% |
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Return on Sales (ROS) |
-0.81% |
-7.19% |
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Return on Capital |
-0.58% |
-16.48% |
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Gross Profit Margin |
38.89% |
37.15% |
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Operating Profit Margin |
4.53% |
0.41% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
13.37x |
55.50x |
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Inventory Turnover |
1.48x |
4.01x |
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Current asset turnover |
1.54x |
2.40x |
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Fixed-asset turnover |
0.58x |
0.70x |
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Asset Turnover |
0.42x |
0.54x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
79,917,504 |
31,277 |
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EBITDA |
79,917,504 |
31,277 |
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Enterprise value |
-167,743,749 |
155,499 |
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Enterprise Value / EBITDA |
-2.10 |
4.97 |
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Bookvalue (BV) |
2,487,625,984 |
2,525,748 |
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Net Cash |
-511,130,032 |
-1,826,901 |
| Liquidity Ratios | ||
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Current Ratio |
100.01% |
29.38% |
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Quick ratio |
36.28% |
18.32% |
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Doom's day ratio |
24.74% |
5.41% |
| Leverage Ratios | ||
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Leverage ratio |
169.4% |
424.9% |
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Interest Coverage Ratio |
94.62% |
25.02% |
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Debt to equity |
69.4% |
324.9% |
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Debt to total assets |
40.97% |
76.46% |
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Long Term Debt to Capital |
100% |
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| Market ratios | ||
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Market Capitalization/EBITDA |
0.00 |
8.31 |
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Price/Book Ratio |
0.00 |
0.11 |
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Market Cap / Net cash |
-0.00 |
-0.14 |
| Trend Ratios | ||
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Revenue Trend |
111.52% |
115.03% |
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Net Income Trend |
8.96% |
41.45% |
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Operating Income Trend |
-3,002.38% |
-197.44% |
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