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1. Head Office:
Poly House, Plot C, Block 10,
Ilupeju Industrial Scheme,
Oworonshoki/Oshodi Expressway,
Ilupeju,
P. O. Box
3511, Lagos.
Tel: 234-01-4975597, 4974583
Fax: 234-01-4978551
2. Nature of Business:
Manufacturing of Polyethylene Products.
3. Date of Incorporation:
15th June, 1965
4. Date Listed on The Exchange:
December, 1979
5. NSE Classification:
Packaging
6. Board of Directors:
Chief J. Akin George, OFR (Chairman)
Michael Louis Murray-Bruce
Nari Siroomal Gwalani (MD/CEO)
Mrs. Kiran Rupchand Jhangiani
Martins Ololade Fagbule
7. Company Secretary:
DTT Services Limited
235, Ikorodu
Road,
Lagos.
8. Auditors:
Akintola Williams Deloitte
(Chartered Accountants)
235, Ikorodu
Road,
Ilupeju,
P. O. Box 965,
Lagos.
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9. Company Registrars:
United Bank for Africa Plc.
Registrars Department,
Raymond House (3rd Floor)
97/105, Broad
Street,
Lagos.
10. Subsidiaries/Associates:
R. H. Plastics Ltd, Kaduna
Diversified Packaging Ind. Ltd. Sango Ota
Evrest Industries Nig. Ltd - Sango Ota
Synthetic Rope Manufacturing (Nig.) Ltd.
Bhojwani Industries Limited.
11. End of Accounting Year
31st March.
12. Number of Employees
211
13. Capital Structure
i. Authorised: N200,000,000.00
ii. Paid-Up N120,000,000.00
14. Analysis of Shareholding
Nigerians - 41.90%
Expatriates -
58.10%
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FIVE-YEAR FINANCIAL SUMMARY
ASSETS
EMPLOYED 2007 2006 2005 2004 2003
N‘000 N‘000 N‘000 N‘000 N‘000
Fixed Assets 372,757 433,885 433,462 451,197 410,752
Net liabilities (125,768) (193,716) (194,018) (205,465) (165,229)
———— ———— ———— ———— ————
Net Assets 246,989 240,169 239,444 245,732 245,523
======= ======= ====== ====== ======
REPRESENTED BY:
Paid-up share capital 120,000 120,000 120,000 120,000 120,000
Share premium 849 849 849 849 849
Capital Reserve 107,686 107,686 107,686 107,686 107,686
Revenue reserve 18,454 11,634 10,909 17,197 16,988
———— ———— ———— ———— ————
Shareholders’ Funds 246,989 240,169 239,444 245,732 245,523
====== ====== ====== ====== =====
RESULTS:
Turnover 1,691,562 1,503,402 1,399,748 1,347,139 1,142,386
====== ====== ====== ====== ======
Profit before tax 27,617 12,382 2,247 38,120 30,824
Taxation (13,942) (11,657) (8,535) (25,911) (7,658)
———— ———— ———— ———— ————
Profit/(Loss) after tax 13,675 725 (6,288) 12,209 23,166
Dividend - - - (12,000) -
===== ===== ===== ===== =====
Retained profit/(Loss) 13,675 725 (6,288) 209 23,166
Per Share Data:
Earnings per share (kobo)
basic 5.70 0.30 (2.62) 5.09 9.65
Dividend per share (kobo) - - - 5 -
Net Asset per share (Kobo) 103 100 100 102 102
NOTE:
Earnings/(loss) per share
are based on profit/(loss) after taxation and the number of ordinary shares
issued and fully paid at the end of the year. Net assets per share are
based on the issued and fully paid ordinary shares at the end of each
financial year.
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