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1. Head Office:
1, Alapata
Road,
P. O. Box
16,
Apapa, Lagos.
Tel: 234-01-5877024, 5877085, 5873007,
Tel/Fax: 234-01-5873084
E-mail: greif@linkserve.com.ng
2. Nature of Business:
Manufacturing and Marketing of Metal Drums and Plastic
Containers.
3. Date of Incorporation:
20th January, 1940
4. Date Listed on The Exchange:
May, 1979
5. NSE Classification:
Packaging
6. Board of Directors:
Mr. R. Zimmerman (Chairman)
Mr. O. A. Obadina - (MD/CEO)
Mr. R. C. Hietink
Mr. G. A. Omotayo
Mr. G. O. Onosode, OFR
7. Company Secretary:
Marina Nominees Limited
KPMG House,
233, Ikorodu
Road,
Ilupeju, Lagos.
8. Auditors:
Ernst & Young,
(Chartered Accountants)
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9. Company Registrars:
All-Crown Investment Services Limited
Unity House (4th Floor)
37, Marina,
P. M. B. 12844,
Marina, Lagos.
10. Subsidiaries/Associates:
Nil
11. End of Accounting Year
31st October
12. Number of Employees
47
13.Capital Structure
i.Authorised: N30,000,000.00
ii.Paid-Up N21,320,000.00
14. Analysis of Shareholding
Greif International Holdings B.V. - 51%
The Van Leer Nig. Education Trust - 23%
Other Nigerian Citizens & Asso. - 26%
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FIVE-YEAR FINANCIAL SUMMARY
CAPITAL
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 309,377 317,214 318,155 318,262 318,094
Deferred Taxation 50,472 49,628 18,275 (10,278) (5,139)
Net Current (liabilities)/assets (40,728) (12,957) (89,586) (86,959) 53,346
Gratuity & retirement
benefit
provision (1,720) (20,884) (15,912) (22,476) (20,746)
———— ———— ———— ———— ———
Net Assets 317,401 333,001 230,932 198,549 345,555
====== ====== ====== ====== ======
CAPITAL RESERVES:
Share Capital 21,320 21,320 21,320 21,320 21,320
Revaluation Reserve 178,196 178,196 282,361 282,730 324,977
General Reserve 117,885 133,483 (72,749) (105,501) (742)
———— ———— ———— ———— ———
Shareholders’ Funds 317,401 333,001 230,932 198,549 345,555
====== ====== ====== ====== ======
Turnover 532,622 592,093 586,872 458,573 398,241
====== ====== ====== ====== ======
(Loss)/profit on ordinary
activities
before taxation (13,684) 1,896 (31,207) (101,948) (97,312)
Taxation (1,916) 28,320 26,780 (22,331) (7,395)
———— ———— ———— ———— ———
(Loss)/profit on ordinary activities
after Taxation (15,600) 30,216 (4,427) (124,279) (104,707)
Extra-ordinary income - 184,546 37,179 19,520 44,533
Dividend - 8,528 - - -
———— ———— ———— ———— ———
(Loss)/profit for the year (15,600) 206,234 32,752 (104,759) (60,174)
==== ====== ===== ==== =====
(Loss)/earnings per 50k
share (37k) 71k (10k) (292k) (246k)
Net assets per 50k share 744k 781k 542k 465k 810k
Dividend per 50k share - 20k - - -
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