THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

 

Published Under the Authority

 of the Council of:

 

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

  2/4 Customs Street,

P.O. Box 2457, Lagos

 Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

   Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

 

 

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

 

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

  

Copyright:

The Nigerian  Stock Exchange

ISBN 978 0262 - 1 - 6

 

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

 

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

 

FACTBOOK 2008

 

 

 

STOKVIS (NIGERIA) PLC

 

 

1. Head Office:

  50, Ogunlana Drive,

  Surulere,

  Lagos.

 

  Factory:

  6, Itoikin Road,

  By Bola Badewa Street,

  Ikorodu, Lagos.

 

2. Nature of Business:

  Distribution of Technical Equipment and General Services. Currently,

  Undertakes the Commercial Production of Ice Blocks and Ice Cubes.

 

3. Date of Incorporation:

  23rd August, 1957

 

4. Date Listed on The Exchange:

  1978

 

5. NSE Classification:

  Machinery (Marketing)

 

6. Board of Directors:

  Chief B. O. Benson, SAN, KJW, - (Chairman)

  Chief (Mrs.) O. M. Benson, MON, F.IoD

  Mr. Sunday S. Adebayo

  Mr. Lazarus N. Onwuka

  Mr. Michael I. Imoisili

 

7. Company Secretary:

  C. U. Ihuoma

  Inco Nominees Limited

  34, Kudaisi Street,

  P. O. Box 783,

  Apapa, Lagos.

 

 

8. Auditors:

  Messrs. Ihuoma, Nwanne & Co.,

  (Chartered Accountants)

  34, Kudaisi Street,

  P. O. Box 783, Apapa, Lagos.

 

9. Company Registrars:

  UBA Registrars Limited

  Chellarams House,

  54, Marina, Lagos.

 

10. Subsidiaries/Associates:

  None

 

11. End of Accounting Year

  31st December

 

12. Number of Employees

  32

 

13.Capital Structure

  i.  Authorised: N 25,000,000.00

  ii.  Paid-Up     N 1,458,776.00

 

14. Analysis of Shareholding

  Nigerians         - 60%

  Foreign            - 40%

 

 

FIVE-YEAR FINANCIAL SUMMARY

 

CAPITAL

EMPLOYED                                         2007          2006          2005          2004          2003

                                                       N“000        N“000        N“000        N“000        N“000

Fixed assets                                      6,370        22,601        22,869        21,945        22,067

Quoted investments                                   -         2,065         2,065         2,065         1,015

Pre-operations expenses                            -         1,321         2,705         2,945         2,945

                                                ---------------     ------------     ------------     ------------     ------------

                                                        6,370        25,987        27,639        26,955        26,027

                                                 ========    =======    =======    =======      ======

 

CURRENT ASSETS:

Stocks                                                     -            225                -                -            195

Debtors                                                   -                -              50              40                -

Bank and cash                                  27,744        11,955         5,343            381              55

                                                ---------------     ------------     ------------     ------------     ------------

                                                      27,744        12,180         5,393            421            250

                                                 ========    =======    =======    =======      ======

 

CURRENT LIABILITIES:

Creditors and accrued expenses          13,812        17,535        17,335        17,435        17,475

Directors’ current account                         30            180            500            150            150

Amount due to associated co.                 706            706            706                -                -

Deferred rent                                    10,190         9,765         9,341         8,917         8,492

                                                ---------------     ------------     ------------     ------------     ------------

                                                      24,738        28,186        27,882        26,502        26,117

                                                 ========    =======    =======    =======      ======

Net current assets/(liabilities)                3,006      (16,006)      (22,489)      (26,081)      (25,867)

                                                ---------------     ------------     ------------     ------------     ------------

Total Net Assets/(Liabilities)                 9,376         9,981         5,150            874            160

                                                 ========    =======    =======    =======      ======

 

FINANCED BY:

Share capital                                      1,459         1,459         1,459         1,459         1,459

Reserves                                           7,917         8,522         3,691          (585)       (1,299)

                                                ---------------     ------------     ------------     ------------     ------------

                                                        9,376         9,981         5,150            874            160

                                                 ========    =======    =======    =======      ======

 

PROFIT AND LOSS ACCOUNT:

Turnover                                                   -            206         1,039         1,216         2,313

                                                 ========    =======    =======    =======      ======

Profit/(Loss) before taxation                 1,363            604       (4,831)       (4,276)          (714)

Taxation                                                   -                -                -                -                -

                                                ---------------     ------------     ------------     ------------     ------------

Profit/(Loss) after taxation                   1,363            604       (4,831)       (4,276)          (714)

                                                ---------------     ------------     ------------     ------------     ------------

Dividends                                                 -                -                -                -                -

Retained Profit/(Loss)                          1,363            604       (4,831)       (4,276)          (714)

Prior year adjustment                               20                -                -                -                -

Retained profit/(Loss) B/forward         (3,429)       (2,046)       (1,442)       (6,273)      (10,549)

                                                 ========    =======    =======    =======      ======

Accumulated Deficit C/forward            (2,046)       (1,442)       (6,273)      (10,549)      (11,263)

                                                 ========    =======    =======    =======      ======

Earnings per share (kobo)                        47              21                -                -                -

Dividend per share (kobo)                          -                -                -                -                -

 

 

 

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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