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Nigeria
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Omatek Ventures plc

Main Activities: Computer and Electronic Product Manufacturing - Electronics and Appliance Stores

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Company Information

Full name
Omatek Ventures plc

Headquarters
90, Kudirat Abiola Road (formerly Oregun Road) Ikeja, Lagos. Nigeria. ; Ikeja; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGOMATEX0001
Financial Auditors: Beckley Roberts & Co. (2010)

Tel: +234-1-8111921, 234-1-7916243

Company Description

Omatek Computers Limited is the first factory to locally assemble Computer cases, Speakers, Keyboards and Mouse, other than Computer systems and Notebooks in the whole of Africa. The assembling of these components in this factory has created a great advantage to other systems builders as well as resellers all over Africa for retailing. The birth of this factory came as a result of the strength of the vision of its Chief Executive Officer as well as the successes recorded after the initial launch
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Company Analysis

According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues decreased with -66.70%, from NGN 1,048,000 thousands to NGN 349,000 thousands. Operating Results decreased from NGN 116,000 thousands to NGN -405,000 thousands. The results of the period reached NGN -415,000 thousands at the end of the period against NGN 110,000 thousands last year. Return on equity (Net income/Total equity) went from 2.98% to -19.70%, the Return On Asset (Net income / Total Asset) went from 2.72% to -9.18% and the Net Profit Margin (Net Income/Net Sales) went from 10.50% to -118.91% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 114.67% compared to 9.62% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.92 to 1.05 when compared to the previous year.

Key Executives

Timothy Farinre Chairman
Florence Seriki Chief Executive Officer
Ahmed Adamu Abdulkadir Director
Akin Opeodu Director
Ayodele Frances Ogunye Director
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Balance Sheet

Total Assets

9,489,840

4,523,000

Current Assets

4,217,110

2,547,000

Total Liabilities

3,551,160

2,416,000

Shareholders Equity

5,938,680

2,107,000

Current Liabilities

2,006,750

2,416,000

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

1,344,910

349,000

Operational Profit (Loss)

262,970

-405,000

Net Profit (Loss)

92,320

-415,000

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.97%

-9.18%

Annualised Return on Assets (ROA)

1.29%

-9.18%

Return on Equity (ROE)

1.55%

-19.7%

Annualised Return on Equity (ROE)

2.07%

-19.7%

Return on Sales (ROS)

6.94%

-118.91%

Return on Capital

1.24%

-19.7%

Gross Profit Margin

37.1%

28.08%

Operating Profit Margin

18.69%

-116.05%

Efficiency Ratios

Accounts Receivable Turnover

0.36x

0.48x

Inventory Turnover

1.99x

0.64x

Current asset turnover

0.32x

0.14x

Fixed-asset turnover

0.25x

0.18x

Asset Turnover

0.14x

0.08x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

262,980

-405,000

EBITDA

262,980

-405,000

Enterprise value

9,356,445

7,795,995

Enterprise Value / EBITDA

35.58

-19.25

Bookvalue (BV)

7,912,480

4,523,000

Net Cash

-1,901,840

-2,328,000

Liquidity Ratios

Current Ratio

210.15%

105.42%

Quick ratio

189.18%

89.28%

Doom's day ratio

5.23%

3.64%

Leverage Ratios

Leverage ratio

159.8%

214.67%

Debt to equity

59.8%

114.67%

Debt to total assets

37.42%

53.42%

Long Term Debt to Capital

100%

Debt / Enterprise Value

16.86%

0%

Market ratios

Market Capitalization/EBITDA

29.98

-19.47

Price/Book Ratio

0.19

0.33

Market Cap / Net cash

-4.15

-3.39

Trend Ratios

Revenue Trend

0%

33.3%

Net Income Trend

0%

-377.27%

Operating Income Trend

0%

-349.14%