OCC Open Country Cheese Company Limited

OCC Open Country Cheese Company Ltd

Description:
* "At Open Country we produce premium quality cheese that is successfully competing with the world’s best in the highly competitive export market. At the heart of our company lies a committed team of people, who between them have almost 150 years experience. This vast array of skills, talent and technical knowledge is essential to the art of superior cheese making.

A key element of our success is the high quality milk we source from local farms. The Waikato is a region of lush green hills and rolling productive farmland and is one of the richest agricultural and pastoral areas of the world. Open Country is strategically placed in this region to take full advantage of the ideal environment for dairy farming.

On our site we have built a state of the art cheese plant capable of producing a range of semi-hard to hard dry-salted cheeses. And we are presently building a whey powder plant to compliment the cheese plant.

However, we realise that it is not just our cheese that is important to our success, but also our customers. We work hard to build close relationships with our customers and we have the ability to fine tune our production to meet specific customer requirements."

Website: http://www.opencountry.co.nz

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Financials

Year	2004	2005	2006	Average GR	Compounding GR
Gross growth rates				Average GR	Compounding GR
Revenue		13837%	128%	13965%	583%
NPAT		97%	-518%	-421%	-302%
Total Assets		222%	34%	256%	63%
Net Assets		191%	6%	197%	46%
Per Share figures and growth
Earnings	$ (0.01)	$ (0.01)	$ 0.05
		97%	-518%	-421%	-302%
Net Assets	$ 0.28	$ 0.81	$ 0.86
		191%	6%	197%	46%
Dividends

Profitability
Return on Assets	-2%	-1%	3%
Equity Multiplier	1.34	1.49	1.88
Return on Equity (ROE)	-2%	-1%	6%
ROE (avg E)	-4%	-2%	6%
Net Profit Margin	-170%	-2%	4%
Dividend payout ratio	0%	0%	0%
Liquidity
Net working capital	$(638,718)	$5,314,800	$1,653,548
Current ratio	0.82	1.46	1.17
Acid test ratio	0.82	0.80	0.72
Other
Times interest earned	-124.87	-0.55	4.60
Operating exp/income	265%	98%	91%

Summary Financials
Income	133292	18576248	42411699
Expenses	354691	19023480	39759854
Tax	5427	0	780994
NPAT	-226826	-447232	1870851

Assets	14113872	45505098	60781382
Liabilities	3618411	14986077	28391510
Net Assets	10495461	30519021	32389872

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Registered Office:	Mailing address:
Directors:	Secretary: Alan Walters
Auditors: KPMG	Solicitors: Gibson Sheat
Bankers: Bank of New Zealand	Registrar:
Other:

Other

Company balance date: 31 May

Last updated: 07/01/2007

Supplementary Information

Company Endorsed Add-on section

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References:
http://www.unlisted.co.nz/uPublic/unlisted.mt_public.securityDetail?p_prtp_id=22
http://www.opencountry.co.nz
Annual report 2004-06

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