Top Oilfield Industries FZC: P.O. Box 41514, Hamriya Free Zone, United Arab Emirates

Top Oilfield Industries FZC
P.O. Box 41514, Hamriya Free Zone, United Arab Emirates
Year Year
Sl. No. Particulars 2005 2006
1 EBIT 3,199,673 2,088,946
2 Total Assets 18,566,483 24,222,031
3 Current Liabilities 10,430,561 13,642,682
4 Capital Employed (2 minus 3) 8,135,922 10,579,349
5 ROCE (Return on capital employed)

(as a %) 39.33% 19.75%
Year Year
2007 2008
2,589,148 10,697,510
24,846,202 41,908,410
10,978,527 24,667,522
13,867,675 17,240,888
18.67% 62.05%
Year Year Year

Sl. No. Particulars 2005 2006 2007
1 Current Assets 16,823,702 21,819,189 22,656,917
2 Current Liabilities 10,430,561 13,642,682 10,978,527
3 Working Capital (1 minus 2) 6,393,141 8,176,507 11,678,390
4 Current Ratio 1.61 1.60 2.06

Year
2008
34,011,919
24,667,522
9,344,397
1.38
Year Year Year

1 Current Assets 16,823,702 21,819,189 22,656,917
2 Inventory 1,881,201 7,677,203 2,593,940
3 Quick Assets (1 minus 2) 14,942,501 14,141,986 20,062,977
4 Current Liabilities 10,430,561 13,642,682 10,978,527
4 Quick Ratio 1.43 1.04 1.83

Year
2008
34,011,919
9,147,406
24,864,513
24,667,522
1.01
2005 2006 2007 2008
Sales Revenue 33,204,903 33,383,547 44,409,324 80,563,323

S a le s R e v e n u e in A E D
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
-
2005 2006 2007 2008
Year
Sales Revenue
Year Year Year Year

Sl. No. Particulars 2005 2006 2007 2008
1 Cost of Revenue 25,372,852 25,443,086 34,000,585 58,901,556
2 Trade Payables 8,536,760 8,901,796 6,688,611 16,653,234
3 Average Payment Period 122.81 127.70 71.80 103.20
Average Payment Period (In no. of days)

Days
150.00
100.00
Average Payment
Period
50.00
2008
2005
2006
2007
Year
Year Year Year Year

1 Sales 33,204,903 33,383,547 44,409,324 80,563,323
2 % of change in sales 0.54% 33.03% 81.41%
3 EBIT (Operating Income) 3,199,673 2,088,946 2,589,148 10,697,510
4 % of Change in Operating Income (EBIT) -34.71% 23.95% 313.17%
5 Degree of Operating Leverage -64.52 0.73 3.85

Year Year Year Year

1 Revenue 33,204,903 33,383,547 44,409,324 80,563,323
2 Trade Receivables 11,198,715 10,584,053 7,205,209 15,061,647
3 Average Collection Period 123.10 115.72 59.22 68.24
Average Collection Period (In no. of days)

Days
150.00
100.00
Average Collection
Period
50.00
-
2005
2006
2007
2008
Year
Year Year Year Year

1 Revenue 33,204,903 33,383,547 44,409,324 80,563,323
Growth in Revenue 0.54% 33.03% 81.41%
2 Gross Profit 7,832,051 7,940,461 10,408,739 21,661,767
3 SG&A Expenses 4,432,924 5,556,760 7,465,934 10,455,010
4 EBITDA 3,399,127 2,383,701 2,942,805 11,206,757
Earning EBITDA as percentage of Reven 10.24% 7.14% 6.63% 13.91%
Growth in EBITDA -29.87% 23.46% 280.82%
5 Less : Depreciation 199,454 294,755 353,657 509,247
6 Operating Profit (EBIT) 3,199,673 2,088,946 2,589,148 10,697,510
7 Finance Charges 49,785 45,627 41,377 58,388
8 PAIT 3,149,888 2,043,319 2,547,771 10,639,122
9 Other Income 104,235 164,433 460,113 388,812
10 Net Profit 3,254,123 2,207,752 3,007,884 11,027,934
11 Gross Margin in sales 23.59% 23.79% 23.44% 26.89%
Growth in gross margin 0.84% -1.46% 14.72%
12 Net Margin on sales 9.80% 6.61% 6.77% 13.69%

Growth in net margin -32.52% 2.42% 102.10%
Amount in AED
25,000,000
Year Year Year Year
2005 2006 2007 2008
20,000,000
Gross Profit 7,832,051 7,940,461 10,408,739 21,661,767
Gross Margin
Net Profit 3,254,123 2,207,752 3,007,884 11,027,934
Net Margins
15,000,000
10,000,000
5,000,000
-
2005 2006 2007 2008
Revenue in AED
80,563,323
2008
44,409,324
2007
33,383,547
2006
33,204,903
2005
25,000,000
20,000,000
15,000,000 Gross Profit

Amount in AED
Net Profit
10,000,000
5,000,000
-
2005 2006 2007 2008
10,000,000
5,000,000
-
2005 2006 2007 2008
Year
Amount in AED
12,000,000
10,000,000
8,000,000
6,000,000 EBITDA
4,000,000
2,000,000
-
2005
2008
2006
2007
Year

% of Growth
300.00% 280.82%
250.00%
200.00%
150.00% Growth in EBITDA
100.00%
50.00% 23.46%
0.00%
-50.00% 2005 2006 2007 2008
-29.87%
Year
Growth in Sales as %
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
2005 2006 2007 2008
Growth in Sales as %
Year Year Year

1 Equity 7,087,785 9,295,537 12,303,421
Bank debts 32,828 78,475
Total debts 1,048,137 1,283,812 1,564,254
Bank Debts to Equity 0.0046 0.0084 -
Total Debts to Equity 0.148 0.138 0.127

Year
2008
15,333,955
130,361
1,906,933
0.0085
0.124
Logistic Distribution Systems L.L.C
P.O. Box 5599, Dubai- United Arab Emirates
Year Year
Sl. No. Particulars 2003 2004
1 Sales 53,939,899 75,283,222
2 % of change/Growth in sales 39.57%
Avearge Growth in sales as a %
3 EBIT (Operating Income) 2,797,379 5,070,647
EBIT as a percentage of Sales 5.19% 6.74%
Average EBIT for the last 4 years
4 % of Change in Operating Income (EBIT) 81.26%
5 Degree of Operating Leverage 2.05

PROJECTIONS
Year Year Year Year Year
2005 2006 2007 2008 2009
98,935,422 122,627,157 176,766,270 229,797,000 298,737,000
31.42% 23.95% 44.15% 30.00% 30.00%
34.77%
6,167,530 10,431,968 10,697,510 15,327,460 19,912,679
6.23% 8.51% 6.05% 6.67% 6.67%
6.88% 6.67%
21.63% 69.14% 2.55% 46.93% 29.92%
0.69 2.89 0.06 1.56 1.00

PROJECTIONS
Year Year Year Year
2010 2011 2012 2013
388,359,000 485,449,000 606,812,000 758,515,000
30.00% 25.00% 25.00% 25.00%
25,886,543 32,379,448 40,474,360 50,592,951
6.67% 6.67% 6.67% 6.67%
6.67% 6.67% 6.67% 6.67%
30.00% 25.08% 25.00% 25.00%
1.00 1.00 1.00 1.00

Exhibit 2 : Summary Historical Balance Sheet
Figures in AED Million Actual for the year ended 31st December
SUMMARY BALANCE SHEET ### ### ###
Cash & Bank ### ### ###

Accounts Receivables 21.06 25.96 ###
Due from related parties 3.10 1.97 ###
Advances, Pre-Payments etc. 2.75 1.60 ###
Total Current Assets 31.06 34.36 48.19
Net Fixed Assets 4.77 4.02 5.36

Total Assets ### ### ###
Accounts Payable 13.05 13.43 17.42

Due to related parties 0.92 0.31 0.25
Short Term Borrowings 3.42 5.14 11.10
Other Payables & Provisions 2.28 1.32 2.84
Total Current Liabilities ### ### ###

Long Term Borrowings 0.56 0.83 1.22
Total Liabilities ### ### ###
Equity ### ### 20.72

Total Liabilities & Equity 35.83 38.38 53.55
ber
Exhibit 1 : Summary Historical Income Statement
SUMMARY INCOME STATEMENT ### ### ###
Revenue 98.94 122.63 176.77

Less: COGS 79.38 96.20 143.46
Gross Profit 19.56 26.43 33.31
Less: SG&A 11.89 14.17 19.17
EBITDA 7.67 12.26 14.14
Less: Depreciation 1.14 2.09 1.78
EBIT 6.53 10.17 12.36
Less: Total Interest Expenses 0.43 0.62 1.16
Operating EBT 6.10 9.55 11.20
Add: Other Non-Oper. Income 0.06 0.89 1.09
Net Income 6.16 10.44 12.29
Gross Margin on Sales 19.77% 21.55% 18.84%
Net Margin on Sales 6.23% 8.51% 6.95%
ember
Exhibit 2 : Projected Balance Sheet
SUMMARY BALANCE SHEET ### ###
Cash & Bank ### ###

Accounts Receivables 21.06 25.96
Due from related parties 3.10 1.97
Advances, Pre-Payments etc. 2.75 1.60
Total Current Assets 31.06 34.36
Net Fixed Assets 4.77 4.02

Total Assets ### ###
Accounts Payable 13.05 13.43

Due to related parties 0.92 0.31
Short Term Borrowings 3.42 5.14
Other Payables & Provisions 2.28 1.32
Total Current Liabilities ### ###

Long Term Borrowings 0.56 0.83
Total Liabilities ### ###
Equity ### ###

Total Liabilities & Equity 35.83 38.38
he year ended 31st December
###
###
###
###
###
48.19
5.36
###
17.42
0.25
11.10
2.84
###
1.22
###
20.72
53.55

Top Oilfield Industries FZC: P.O. Box 41514, Hamriya Free Zone, United Arab Emirates

Enviado por

Dados do documento

Descrição original:

Título original

Direitos autorais

Formatos disponíveis

Compartilhar este documento

Compartilhar ou incorporar documento

Opções de compartilhamento

Você considera este documento útil?

Este conteúdo é inapropriado?

Direitos autorais:

Formatos disponíveis

Top Oilfield Industries FZC: P.O. Box 41514, Hamriya Free Zone, United Arab Emirates

Enviado por

Direitos autorais:

Formatos disponíveis

Top Oilfield Industries FZC

P.O. Box 41514, Hamriya Free Zone, United Arab Emirates

1 EBIT 3,199,673 2,088,946

2 Total Assets 18,566,483 24,222,031

3 Current Liabilities 10,430,561 13,642,682

4 Capital Employed (2 minus 3) 8,135,922 10,579,349

5 ROCE (Return on capital employed)

Year Year Year

1 Current Assets 16,823,702 21,819,189 22,656,917

2 Current Liabilities 10,430,561 13,642,682 10,978,527

3 Working Capital (1 minus 2) 6,393,141 8,176,507 11,678,390

4 Current Ratio 1.61 1.60 2.06

Year Year Year

1 Current Assets 16,823,702 21,819,189 22,656,917

2 Inventory 1,881,201 7,677,203 2,593,940

3 Quick Assets (1 minus 2) 14,942,501 14,141,986 20,062,977

4 Current Liabilities 10,430,561 13,642,682 10,978,527

4 Quick Ratio 1.43 1.04 1.83

2005 2006 2007 2008

Sales Revenue 33,204,903 33,383,547 44,409,324 80,563,323