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1. Head Office:
KM 4, Atta-Amaimo
Road,
Inyishi Ikeduru L. G. A.
P. M. B. 1581, Owerri,
Imo
State
Tel/fax: 234-046-666391; GSM: 080-35647356, 080-57045922
E-mail: aluminium_extrusions@yahoo.com
2. Nature of Business:
Manufacturing of Extruded Aluminium Products.
3. Date of Incorporation:
26th October, 1982
4. Date Listed on The Exchange:
10th April, 1986
5. NSE Classification:
Industrial/Domestic Products
6. Board of Directors:
Dr. Pascal G. Dozie, (Chairman)
Chief G. S. Bhatia (MD/CEO)
HRH. Eze Uzo Onwuasoanya, JP
Chief (Dr.) J. C. Dugad
Chief (Dr.) J. B. Nwaiwu
Chief (Barr.) P. C. Mgbenwelu
Mr. I. A. Lawal
Mr. R. K. Gupta
7. Company Secretary:
DTT Services Limited
235, Ikorodu
Road,
Ilupeju, Lagos.
8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
15, Emeyal
Street,
G. R. A. Phase II,
P. O. Box
3704,
Port-Harcourt,
Rivers
State.
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9. Company Registrars:
Union Registrars Limited
2, Burma Road, Apapa.
P. M. B. 12717, Lagos.
Tel: 234-01-660230, 660239
10. Subsidiaries/Associates:
Tower Aluminium Nigeria Plc (Parent Company)
11. End of Accounting Year
31st December
12. Number of Employees
68
13. Capital Structure
i. Authorised: N150,000,000.00
ii. Paid-Up N109,978,000.00
14. Analysis of Shareholdings:
Tower Aluminium Co.
(Nig.) Plc. - 70.33%
Imo
State Government - 8.27%
Abia
State Government - 3.85%
Ebonyi
State Government - 2.29%
Others
- 15.26%
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2007 2005 2004 2003 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 320,883 288,966 262,627 269,123 235,472
Capital work-in-progress 25,480 - - - -
Investments - - 1,000 1,000 1,000
Net Current (Liabilities)/assets (132,588) (137,531) (26,982) (8,328) 3,291
Long term
financing (127,555) (116,918) (222,819) (256,397) (219,220)
---------- ----------- ------------ ----------- ----------
86,219 34,519 13,826 5,398 20,543
===== ===== ===== ===== =====
CAPITAL EMPLOYED:
Share Capital 109,978 109,978 109,978 109,978 109,978
Share Premium 124,956 124,956 124,956 124,956 124,956
General reserve (148,715) (200,415) (221,108) (229,536) (214,391)
Shareholders’ Fund 86,219 34,519 13,826 5,398 20,543
===== ===== ===== ===== =====
TURNOVER AND PROFIT/LOSS
Turnover 1,042,400 864,293 779,051 652,772 406,547
===== ===== ===== ===== =====
Profit/(loss)after taxation 51,700 20,693 8,429 (3,183) (42,093)
Retained profit/(loss) for the year 51,700 20,692 8,429 (3,183) (42,093)
===== ===== ===== ===== =====
Earning per share (kobo)-basis 23.50 9.41 3.83 (1.45) (19.14)
Net assets per share (kobo) 39.20 15.69 6.28 2.45 9.34
===== ===== ===== ===== =====
Note:
Earning and net assets per
share are based on the issued share capital at the end of each financial
year. Earnings per share are
based on profit after taxation.
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