| Address:
|
SUITE 2808, INTERNATIONAL CHAMBER OF COM
FUHUA THREE ROAD |
| City: |
SHENZHEN |
|
State: |
|
|
Zip Code: |
00000 |
| Telephone: |
852 2815 9892 |
|
Description of Business
|
Primary SIC Code:
2000 |
| (As filed with the SEC)
|
|
|
New Dragon Asia Corp. and its subsidiaries (collectively, "New Dragon", "NWD",
"the Company", "we", "us", or "our") are engaged in the milling, sale and
distribution of flour and related products, including instant noodles and
soybean-derived products, to retail and wholesale customers throughout China. We
are headquartered in Shandong Province in the People's Republic of China ("PRC"
or "China"). With a well-known brand name called "Long Feng", we market our
well-established product line through a countrywide network of over 200 key
distributors and 16 regional offices in 27 Chinese provinces. We have eight
manufacturing plants in the PRC with an aggregate annual production capacity of
approximately 110,000 tons of flour and approximately 1.1 billion packets of
instant noodles and 4,500 tons of Soybean powder. We were incorporated in the
State of Florida on March 18, 1999 under the name Bio-Aqua Systems, Inc. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| There's no share overview data. |
Key Financial Ratios and Statistics |
FYE:
12/25 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.25 | Total Liab/Total Assets | 0.20 | | Net Inc/Total Assets | -0.13 | Total Liab/Inv Cap | 0.24 | | Net Inc/Inv Cap | -0.15 | Total Liab/Comm Equity | 0.39 | | Pretax Inc/Net Sales | -0.32 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.33 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | -0.15 | LTD/Equity | 0.09 | | SG&A/NetSales | 0.33 | Total Debt/Equity | 0.10 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 2.03 | Quick Ratio | 3.06 | | Inventory Turnover | 2.17 | Current Ratio | 4.25 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.35 | | Net Sales/Work Cap | 0.93 | Inv/Curr Assets | 0.28 | | Net Sales/PP&E | 1.03 | | |
Income Statement (Millions) |
| |
3/25/2011
|
12/25/2010
|
9/25/2010
|
6/25/2010
|
|
Total Revenues(Net Sales)
|
6.88
|
9.33
|
5.45
|
6.55
|
|
Cost of Goods Sold
|
6.39
|
9.41
|
5.37
|
6.61
|
|
Selling & Admin Exps
|
1.08
|
0.66
|
2.73
|
3.46
|
|
Operating Income
|
-0.59
|
-0.74
|
-2.66
|
-3.52
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
-0.52
|
0.23
|
-2.69
|
-3.59
|
|
Other Income
|
0.07
|
0.97
|
-0.03
|
-0.07
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-0.52
|
-0.15
|
-2.69
|
-3.59
|
|
Assets
|
3/25/2011
|
12/25/2010
|
9/25/2010
|
6/25/2010
|
|
Cash & Short Term Investments
|
5.58
|
2.76
|
3.19
|
3.20
|
|
Receivables - Total
|
12.83
|
13.52
|
13.24
|
14.33
|
|
Inventories - Total
|
8.71
|
10.85
|
10.57
|
10.60
|
|
Total Current Assets
|
36.56
|
38.65
|
33.86
|
33.78
|
|
Net Property, Plant & Equipment
|
26.61
|
26.62
|
27.75
|
28.98
|
|
Total Assets
|
65.85
|
67.91
|
66.84
|
67.99
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
3.50
|
8.42
|
8.72
|
8.39
|
|
Debt in Current Liabilities
|
2.96
|
0.68
|
0.11
|
0.02
|
|
Total Current Liabilities
|
6.46
|
9.09
|
8.83
|
8.41
|
|
Long-Term Debt
|
4.75
|
4.47
|
4.28
|
4.02
|
|
Total Liabilities
|
11.34
|
13.69
|
13.23
|
12.55
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.13
|
0.13
|
0.13
|
0.13
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Retained Earnings
|
-0.78
|
-0.22
|
-0.03
|
2.75
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
52.77
|
52.48
|
51.89
|
53.59
|
|
Total Liabilities and Stockholders' Equity
|
64.11
|
66.17
|
65.12
|
66.13
|
Cash Flow Summary (Millions) |
|
Categories
|
3/25/2011
|
12/25/2010
|
9/25/2010
|
6/25/2010
|
|
Net Cash Provided by Operating Activities
|
2.53
|
-1.91
|
-1.79
|
-0.13
|
|
Net Cash Provided by Investing Activities
|
-0.02
|
1.52
|
1.22
|
-0.02
|
|
Net Cash Provided by Financing Activities
|
0.23
|
0.09
|
0.26
|
-0.22
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 53.44 | -2.60 | -- | | 12/2007 | 55.74 | 14.12 | -- | | 12/2008 | 49.34 | -1.52 | -- | | 12/2009 | 23.22 | -11.10 | -- | | 12/2010 | 27.37 | -9.01 | -- | | Growth Rates | -15.40 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| There's no stock ownership data. |
|
Report Date :
6/13/2011
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