| Address:
|
2275 HUNTINGTON DRIVE #278
|
| City: |
SAN MARINO |
|
State: |
CA |
|
Zip Code: |
91108 |
| Telephone: |
626-757-8885 |
|
Description of Business
|
Primary SIC Code:
2020 |
| (As filed with the SEC)
|
|
|
We are a leading producer and distributor of milk powder, soybean milk powder,
and related dairy products in the People's Republic of China, or the PRC. Using
proprietary processing techniques, we make products that are specially
formulated for particular ages, dietary needs and health concerns. We have over
200 company-owned milk collection stations, two company-owned dairy farms, seven
production facilities with an aggregate milk powder production capacity of
approximately 1,950 tons per day and an extensive distribution network that
reaches over 80,000 retail outlets throughout China.
Corporate History and Structure
We were incorporated in the State of Utah on December 31, 1985, originally under
the corporate name of Gaslight, Inc. We were inactive until March 30, 1988, when
we changed our corporate name to Lazarus Industries, Inc. and engaged in the
business of manufacturing and marketing medical devices. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.36 | NA | 15.00 | | 06/2011 | 0.71 | NA | 10.18 | | 03/2011 | -0.47 | NA | N/E | | 12/2010 | -0.48 | NA | N/E | | 09/2010 | -1.87 | NA | N/E | | 06/2010 | -1.54 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.17 | Total Liab/Total Assets | 0.51 | | Net Inc/Total Assets | -0.02 | Total Liab/Inv Cap | 1.66 | | Net Inc/Inv Cap | -0.07 | Total Liab/Comm Equity | 4.14 | | Pretax Inc/Net Sales | -0.04 | Interest Coverage Ratio | -3.04 | | Net Inc/Net Sales | -0.04 | Curr Debt/Equity | 0.77 | | Cash Flow/Net Sales | 0.02 | LTD/Equity | 0.18 | | SG&A/NetSales | 0.48 | Total Debt/Equity | 0.95 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.37 | Quick Ratio | 0.33 | | Inventory Turnover | 2.35 | Current Ratio | 0.70 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.22 | | Net Sales/Work Cap | -4.33 | Inv/Curr Assets | 0.52 | | Net Sales/PP&E | 1.20 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
56.85
|
72.62
|
76.45
|
61.73
|
|
Cost of Goods Sold
|
34.67
|
41.24
|
48.58
|
39.92
|
|
Selling & Admin Exps
|
21.62
|
25.08
|
20.31
|
28.82
|
|
Operating Income
|
1.99
|
5.46
|
5.96
|
-18.69
|
|
Interest Exp
|
0.22
|
1.47
|
1.44
|
1.04
|
|
Pretax Income
|
5.19
|
6.48
|
6.08
|
-5.41
|
|
Other Income
|
5.85
|
1.65
|
-0.05
|
3.70
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.07
|
5.17
|
4.70
|
1.71
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
14.77
|
19.40
|
19.50
|
20.75
|
|
Receivables - Total
|
54.43
|
44.09
|
40.44
|
30.07
|
|
Inventories - Total
|
49.25
|
63.30
|
62.40
|
71.68
|
|
Total Current Assets
|
300.36
|
144.20
|
138.07
|
137.18
|
|
Net Property, Plant & Equipment
|
319.60
|
216.67
|
214.82
|
213.51
|
|
Total Assets
|
495.62
|
485.73
|
463.28
|
464.31
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
60.02
|
73.91
|
65.54
|
71.49
|
|
Debt in Current Liabilities
|
104.12
|
134.02
|
123.15
|
125.02
|
|
Total Current Liabilities
|
275.46
|
256.88
|
253.77
|
196.52
|
|
Long-Term Debt
|
25.07
|
38.22
|
27.75
|
28.64
|
|
Total Liabilities
|
311.68
|
306.92
|
293.15
|
236.52
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.68
|
0.11
|
0.09
|
0.07
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.02
|
0.02
|
0.02
|
0.02
|
|
Retained Earnings
|
72.10
|
71.63
|
66.46
|
60.73
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
183.94
|
178.82
|
170.12
|
161.67
|
|
Total Liabilities and Stockholders' Equity
|
495.62
|
485.73
|
463.28
|
398.20
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
18.78
|
15.81
|
3.71
|
-16.11
|
|
Net Cash Provided by Investing Activities
|
13.62
|
-16.16
|
-2.32
|
-17.73
|
|
Net Cash Provided by Financing Activities
|
-37.21
|
-0.23
|
0.00
|
28.84
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 122.80 | 19.91 | -- | | 12/2007 | 165.97 | 8.29 | -- | | 12/2008 | 193.19 | 17.02 | -- | | 12/2009 | 271.08 | 19.46 | -- | | 12/2010 | 257.10 | -9.90 | -0.48 | | Growth Rates | 20.29 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 27 | 2,890 | 13.75 |
|
Report Date :
1/30/2012
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