|
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Northern Nigeria Flour Mills PLC
Main Activities: Food Manufacturing - Flour Milling and Malt Manufacturing
 |
Please check the full coverage of information what EMIS can offer you. | SEE SAMPLE |
Company Information |
|
Full name Northern Nigeria Flour Mills PLC Headquarters 15, Mai Malari Road Bompai Industrial Estate P.O. Box 6640 Bompai, Kano ; Kano; Kano; P.O. Box 6640 |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGNNFM000008 Financial Auditors: Akintola Williams Deloitte (2010) Incorporation Date: October 1, 1971 Total Employees: 450 Tel: (234) 64 64 7666 |
|
Company Description |
| Northern Nigeria Flour Mills (NNFM), the first flour milling company in Northern Nigeria was incorporated on 29th October 1972 and commenced milling and commercial operations in November 1975. Apart from being a majority shareholder, F lour Mills of Nigeria Plc, gave significant take-off advances to NNFM by providing financial backing and know-how transfer. With a current milling capacity of 1,750 mt per day, NNFM is a leading mill in the North, producing premium quality Golden Penny Flour and Golden | ||
|
||
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2012, total net operating revenues increased with 11.25%, from NGN 11,564,141 thousands to NGN 12,865,484 thousands. Operating result decreased from NGN 709,928 thousands to NGN 108,636 thousands which means -84.70% change. The results of the period decreased -98.89% reaching NGN 5,043 thousands at the end of the period against NGN 455,598 thousands last year. Return on equity (Net income/Total equity) went from 14.47% to 0.16%, the Return On Asset (Net income / Total Asset) went from 12.05% to 0.14% and the Net Profit Margin (Net Income/Net Sales) went from 3.94% to 0.04% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 17.07% compared to 20.06% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 5.76 to 7.39 when compared to the previous year. |
Key Executives |
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
Companies with Similar Main Activities |
FULL COMPANY PROFILE
|
|
2013 Q3C (cons) |
2012 Y (cons) |
|
 | ||
| Non-Audited | Non-Audited | |
| ||
| WVB Company Financials | WVB Company Financials | |
| ||
| Unit | Thousands | Thousands |
| ||
Balance Sheet
| ||
Total Assets |
4,840,977 |
3,587,994 |
| ||
Current Assets |
4,052,714 |
2,898,795 |
| ||
Total Liabilities |
2,729,650 |
523,182 |
| ||
Shareholders Equity |
2,111,327 |
3,064,812 |
| ||
Current Liabilities |
2,377,486 |
392,160 |
| ||
| * All the accounts are in NGN. | ||
Income Statement
| ||
Total Operating Revenue |
9,174,537 |
12,865,484 |
| ||
Operational Profit (Loss) |
809,748 |
108,636 |
| ||
Net Profit (Loss) |
749,824 |
5,043 |
| ||
| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
| ||
Return on Assets (ROA) |
15.49% |
0.14% |
| ||
Annualised Return on Assets (ROA) |
20.65% |
0.14% |
| ||
Return on Equity (ROE) |
35.51% |
0.16% |
| ||
Annualised Return on Equity (ROE) |
47.35% |
0.16% |
| ||
Return on Sales (ROS) |
8.22% |
0.04% |
| ||
Return on Capital |
35.51% |
0.16% |
| ||
Gross Profit Margin |
11.53% |
4.84% |
| ||
Operating Profit Margin |
8.54% |
-0.65% |
| Efficiency Ratios | ||
| ||
Accounts Receivable Turnover |
48.13x |
|
| ||
Inventory Turnover |
3.77x |
6.43x |
| ||
Current asset turnover |
2.25x |
4.37x |
| ||
Fixed-asset turnover |
11.57x |
18.39x |
| ||
Asset Turnover |
1.88x |
3.53x |
| Valuation figures and ratios | ||
| ||
Earning Before Interests and Taxes (EBIT) |
835,859 |
108,636 |
| ||
EBITDA |
835,859 |
108,636 |
| ||
Enterprise value |
1,791,553 |
3,604,982 |
| ||
Enterprise Value / EBITDA |
2.14 |
33.18 |
| ||
Bookvalue (BV) |
4,682,645 |
3,587,994 |
| ||
Net Cash |
-735,391 |
-169,406 |
| Liquidity Ratios | ||
| ||
Current Ratio |
170.46% |
739.19% |
| ||
Quick ratio |
80.52% |
260.56% |
| ||
Doom's day ratio |
69.07% |
56.8% |
| Leverage Ratios | ||
| ||
Leverage ratio |
229.29% |
117.07% |
| ||
Interest Coverage Ratio |
1,394.87% |
177.21% |
| ||
Debt to equity |
129.29% |
17.07% |
| ||
Debt to total assets |
56.39% |
14.58% |
| ||
Long Term Debt to Capital |
100% |
100% |
| ||
Debt / Enterprise Value |
8.84% |
0% |
| Market ratios | ||
| ||
Market Capitalization/EBITDA |
3.92 |
35.23 |
| ||
Price/Book Ratio |
0.70 |
1.07 |
| ||
Market Cap / Net cash |
-4.45 |
-22.59 |
| Trend Ratios | ||
| ||
Revenue Trend |
92.69% |
110.7% |
| ||
Net Income Trend |
285.26% |
1.11% |
| ||
Operating Income Trend |
252.57% |
15.3% |
| ||
 |