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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).
GREIF NIGERIA PLC
Main Activities: Fabricated Metal Product Manufacturing - Plastics Product Manufacturing
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Company Information |
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Full name GREIF NIGERIA PLC Headquarters 1, Alapata Road, P. O. Box 16, Apapa, Lagos; Lagos; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Financial Auditors: Ernst & Young (2010) Incorporation Date: May 1, 1979 Total Employees: 47 Tel: +234(01) 5877024 |
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Company Description |
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Grief Nigeria plc formerly known as Van Leer Containers (Nigeria) Plc is involved in manufacturing and production metal drums and plastic containers. The Company produces sheet metal product and stainless steel shape. The Company also provides services such as punching and aluminium welding. The company is based in Apapa, Nigeria. Greif Nigeria Plc operates as a subsidiary of Greif Inc. |
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 12.16%, from NGN 784,852 thousands to NGN 880,258 thousands. Operating result decreased from NGN 85,593 thousands to NGN 72,916 thousands which means -14.81% change. The results of the period decreased -12.03% reaching NGN 38,382 thousands at the end of the period against NGN 43,633 thousands last year. Return on equity (Net income/Total equity) went from 13.88% to 10.46%, the Return On Asset (Net income / Total Asset) went from 6.73% to 5.73% and the Net Profit Margin (Net Income/Net Sales) went from 5.56% to 4.36% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 82.51% compared to 106.13% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.12 to 1.40 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (cons) |
2010 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 |
669,754 |
648,138 |
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Current Assets |
422,905 |
372,715 |
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Total Liabilities |
302,783 |
333,703 |
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Shareholders Equity |
366,971 |
314,435 |
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Current Liabilities |
302,783 |
333,703 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
880,258 |
784,852 |
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Operational Profit (Loss) |
72,916 |
85,593 |
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Net Profit (Loss) |
38,382 |
43,633 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.73% |
6.73% |
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Annualised Return on Assets (ROA) |
5.73% |
6.73% |
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Return on Equity (ROE) |
10.46% |
13.88% |
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Annualised Return on Equity (ROE) |
10.46% |
13.88% |
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Return on Sales (ROS) |
4.36% |
5.56% |
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Return on Capital |
10.46% |
13.88% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
8.28% |
10.89% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
6.59x |
9.81x |
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Current asset turnover |
2.08x |
2.11x |
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Fixed-asset turnover |
3.56x |
2.85x |
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Asset Turnover |
1.31x |
1.21x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
73,600 |
85,593 |
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EBITDA |
73,600 |
85,593 |
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Enterprise value |
1,041,088 |
1,136,884 |
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Enterprise Value / EBITDA |
14.15 |
13.28 |
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Bookvalue (BV) |
669,754 |
648,138 |
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Net Cash |
-206,663 |
-258,759 |
| Liquidity Ratios | ||
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Current Ratio |
139.67% |
111.69% |
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Quick ratio |
97.35% |
62.58% |
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Doom's day ratio |
31.75% |
22.46% |
| Leverage Ratios | ||
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Leverage ratio |
182.51% |
206.13% |
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Interest Coverage Ratio |
4,687.9% |
1,562.77% |
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Debt to equity |
82.51% |
106.13% |
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Debt to total assets |
45.21% |
51.49% |
| Market ratios | ||
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Market Capitalization/EBITDA |
15.45 |
14.16 |
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Price/Book Ratio |
0.85 |
0.99 |
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Market Cap / Net cash |
-5.50 |
-4.68 |
| Trend Ratios | ||
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Revenue Trend |
112.08% |
95.32% |
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Net Income Trend |
87.97% |
-354.31% |
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Operating Income Trend |
85.99% |
10,528.04% |
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