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UNITED IRON & STEEL MANUFACTURING CO. P.L.C Financial

Trading Information in the Regular Market

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.41 0.42 0.80
Value Traded (JD) 24,219 246,132 1,360,807
No. of Shares Traded 78,889 446,505 1,423,930
No. of Transactions 141 745 1,270
No. of Subscribed Shares 32,165,176 32,165,176 32,165,176
Market Capitalization (JD) 13,187,722 13,509,374 25,732,141
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 37,886 106,070 1,722,257
Notes Receivable 0 0 0
Short Term Investments 0 0 19,446,032
Inventory 2,545,828 4,171,970 5,282,357
Spare Parts 0 0 1,970,882
Total Current Assets 21,699,476 26,956,048 52,678,859
Long Term Investments 0 0 0
Fixed Assets, Net 11,889,911 12,534,813 14,474,286
Lands 1,261,871 1,261,871 0
Projects in Progress 320,422 320,422 0
Total Fixed Assets 13,472,204 14,117,106 14,474,286
Other Assets 1,529,353 1,452,381 1,452,381
Total Assets 36,701,033 42,525,535 68,605,526

Liabilities (JD)

2019 2018 2017
Credit Banks 3,756,643 9,618,634 8,446,734
Short Term Loans 0 0 5,000,000
Accrued Part of Long Term Loans 10,217,969 4,753,028 13,102,706
Total Current Liabilities 30,102,001 28,545,243 51,855,305
Long Term Loans & Notes Payable 5,614,200 8,240,000 229,416
Corporate Bonds 0 0 0
Other Liabilities 52,782 0 0
Total Liabilities 35,768,983 36,785,243 52,084,721

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 32,165,176 32,165,176 32,165,176
Subscribed Capital 32,165,176 32,165,176 32,165,176
Paid in Capital 32,165,176 32,165,176 32,165,176
Compulsory Reserves 2,256,359 2,256,359 2,256,359
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -33,489,485 -28,681,243 -17,900,730
Total Shareholders Equity 932,050 5,740,292 16,520,805
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 36,701,033 42,525,535 68,605,526

Income Statement (JD)

2019 2018 2017
Operating Revenues 19,291,653 25,697,907 60,067,915
Operating Expenses 21,082,720 27,728,301 64,890,097
Gross Profit -1,791,067 -2,030,394 -4,822,182
General and Administrative Expenses 1,255,057 1,576,954 1,830,304
Selling and Distribution Expenses 35,635 126,552 738,299
Depreciation (Period) 672,053 1,173,760 1,705,979
Other Operating Expenses 0 809,626 498,913
Net Operating Income -3,081,759 -4,543,526 -7,889,698
Other Revenues 63,406 856,763 2,079,114
Other Expenses 8,515 814,769 0
Income Before Interest & Tax -3,026,868 -4,501,532 -5,810,584
Interest Expenses 1,781,374 2,581,002 3,090,867
Net Income Before Tax -4,808,242 -7,082,534 -8,901,451
Income Tax (Period) 0 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -4,808,242 -7,082,534 -8,901,451
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -4,808,242 -7,082,534 -8,901,451

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) -9,512,564 -6,724,477 3,476,158
Net Cash Flow from (Used in) Operating Activities 4,822,895 -10,645,352 6,318,432
Net Cash Flow from (Used in) Investing Activities -7,908 17,814,683 -242,382
Net Cash Flow from (Used in) Financing Activities 978,820 -9,957,418 -7,829,951
Cash Balance (Ending) -3,718,757 -9,512,564 1,722,257

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.245 1.388 4.427
Earning Per Share (JD) -0.150 -0.220 -0.277
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.029 0.179 0.514
Price Earnings Ratio (Times) -2.743 -1.907 -2.891
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 14.149 2.353 1.558
Gross Margin % -9.284 -7.901 -8.028
Margin Before Interest and Tax % -15.690 -17.517 -9.673
Profit Margin % -24.924 -27.561 -14.819
Return On Assets % -13.101 -16.655 -12.975
Return On Equity % -515.878 -123.383 -53.880
Debt Ratio % 97.460 86.502 75.919
Equity Ratio % 2.540 13.499 24.081
Interest Coverage Ratio (Times) -1.699 -1.744 -1.880
Total Assets Turnover (Times) 0.526 0.604 0.876
Fixed Assets Turnover (Times) 1.432 1.820 4.150
Working Capital Turnover (Times) -2.296 -16.170 72.937
Current Ratio (Times) 0.721 0.944 1.016
Working Capital (JD) -8,402,525.000 -1,589,195.000 823,554.000