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

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.42 0.80 0.64
Value Traded (JD) 246,132 1,360,807 641,506
No. of Shares Traded 446,505 1,423,930 954,152
No. of Transactions 745 1,270 857
No. of Subscribed Shares 32,165,176 32,165,176 32,165,176
Market Capitalization (JD) 13,509,374 25,732,141 20,585,713
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash on Hand & at Banks 1,265,617 1,722,257 3,476,158
Notes Receivable 0 0 0
Short Term Investments 0 19,446,032 18,631,263
Inventory 2,417,399 5,282,357 29,837,187
Spare Parts 1,755,622 1,970,882 0
Total Current Assets 27,065,510 52,678,859 69,504,847
Long Term Investments 0 0 0
Fixed Assets, Net 14,117,106 14,474,286 15,937,883
Lands 0 0 0
Projects in Progress 0 0 0
Total Fixed Assets 14,117,106 14,474,286 15,937,883
Other Assets 1,452,381 1,452,381 0
Total Assets 42,634,997 68,605,526 85,442,730

Liabilities (JD)

2018 2017 2016
Credit Banks 9,918,284 8,446,734 7,482,839
Short Term Loans 4,000,000 5,000,000 6,600,000
Accrued Part of Long Term Loans 753,028 13,102,706 0
Total Current Liabilities 28,654,708 51,855,305 60,020,474
Long Term Loans & Notes Payable 8,240,000 229,416 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 36,894,708 52,084,721 60,020,474

Shareholders Equity (JD)

2018 2017 2016
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 -28,681,246 -17,900,730 -8,999,279
Total Shareholders Equity 5,740,289 16,520,805 25,422,256
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 42,634,997 68,605,526 85,442,730

Income Statement (JD)

2018 2017 2016
Operating Revenues 25,697,907 60,067,915 52,732,644
Operating Expenses 27,728,302 64,890,097 49,562,481
Gross Profit -2,030,395 -4,822,182 3,170,163
General and Administrative Expenses 1,576,955 1,830,304 1,329,039
Selling and Distribution Expenses 126,552 738,299 241,434
Depreciation (Period) 1,173,760 1,705,979 1,211,660
Other Operating Expenses 1,624,395 498,913 0
Net Operating Income -5,358,297 -7,889,698 1,599,690
Other Revenues 856,764 2,079,114 20,322
Other Expenses 0 0 0
Income Before Interest & Tax -4,501,533 -5,810,584 1,620,012
Interest Expenses 2,581,003 3,090,867 1,073,924
Net Income Before Tax -7,082,536 -8,901,451 546,088
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 -7,082,536 -8,901,451 546,088
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -7,082,536 -8,901,451 546,088

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 1,722,257 3,476,158 2,984,903
Net Cash Flow from (Used in) Operating Activities -5,380,917 6,318,432 6,635,571
Net Cash Flow from (Used in) Investing Activities 17,814,683 -242,382 -19,091,178
Net Cash Flow from (Used in) Financing Activities -12,890,406 -7,829,951 12,946,862
Cash Balance (Ending) 1,265,617 1,722,257 3,476,158

Financial Ratios

2018 2017 2016
Turnover Ratio % 1.39 4.43 2.97
Earning Per Share (JD) -0.22 -0.28 0.02
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.18 0.51 0.79
Price Earnings Ratio (Times) -1.91 -2.89 37.70
Dividend Yield % 0.00 0.00 0.00
Dividend Per Share to Earning Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 2.35 1.56 0.81
Gross Margin % -7.90 -8.03 6.01
Margin Before Interest and Tax % -17.52 -9.67 3.07
Profit Margin % -27.56 -14.82 1.04
Return On Assets % -16.61 -12.97 0.64
Return On Equity % -123.38 -53.88 2.15
Debt Ratio % 86.54 75.92 70.25
Equity Ratio % 13.46 24.08 29.75
Interest Coverage Ratio (Times) -1.74 -1.88 1.51
Total Assets Turnover (Times) 0.60 0.88 0.62
Fixed Assets Turnover (Times) 1.82 4.15 3.31
Working Capital Turnover (Times) -16.17 72.94 5.56
Current Ratio (Times) 0.94 1.02 1.16
Working Capital (JD) -1,589,198.00 823,554.00 9,484,373.00