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MIDDLE EAST COMPLEX FOR ENG., ELECTRONICS & HEAVY INDUSTRIES Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.00 0.23 0.31
Value Traded (JD) 0 7,874,350 10,590,875
No. of Shares Traded 0 29,730,356 32,148,758
No. of Transactions 0 8,281 12,984
No. of Subscribed Shares 44,923,120 39,972,503 25,000,000
Market Capitalization (JD) 0 9,193,676 7,750,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 307 694 532
Notes Receivable 0 0 0
Post Dated Cheques 0 0 0
Short Term Investments 0 0 0
Inventory 0 0 28,200
Spare Parts 0 0 0
Total Current Assets 50,743,014 50,750,910 49,396,892
Long Term Investments 1,159,692 6,461,533 6,461,533
Fixed Assets, Net 3,348 2,998 806,235
Lands 0 0 100,000
Projects in Progress 0 0 0
Total Fixed Assets 3,348 2,998 906,235
Other Assets 0 0 0
Total Assets 51,906,054 57,215,441 56,764,660

Liabilities (JD)

2019 2018 2017
Credit Banks 558,806 558,806 1,689,248
Short Term Loans 1,373,211 7,336,823 7,586,823
Accrued Part of Long Term Loans 0 0 4,822,392
Total Current Liabilities 29,419,454 39,154,086 52,455,656
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 29,419,454 39,154,086 52,455,656

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 70,000,000 70,000,000 70,000,000
Subscribed Capital 44,923,120 39,972,503 25,000,000
Paid in Capital 44,923,120 39,972,503 25,000,000
Compulsory Reserves 0 0 6,967,993
Voluntary Reserve 0 0 6,451,913
Other Reserves 0 0 0
Issuance Premium 0 0 18,201,872
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 -22,436,520 -21,911,148 -52,312,774
Total Shareholders Equity 22,486,600 18,061,355 4,309,004
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 51,906,054 57,215,441 56,764,660

Income Statement (JD)

2019 2018 2017
Operating Revenues 0 0 0
Operating Expenses 0 0 0
Gross Profit 0 0 0
General and Administrative Expenses 354,962 425,089 282,681
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 0 1,473 0
Other Operating Expenses 0 28,200 0
Net Operating Income -354,962 -453,289 -282,681
Other Revenues 5,422,982 806,522 19,000
Other Expenses 5,259,908 0 2,000,000
Income Before Interest & Tax -191,888 353,233 -2,263,681
Interest Expenses 286,772 710,166 0
Net Income Before Tax -478,660 -356,933 -2,263,681
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 -478,660 -356,933 -2,263,681
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -478,660 -356,933 -2,263,681

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 694 532 4,846,124
Net Cash Flow from (Used in) Operating Activities -4,288,883 -36,416 -2,209,834
Net Cash Flow from (Used in) Investing Activities 5,301,491 1,417,020 0
Net Cash Flow from (Used in) Financing Activities -1,012,995 -1,380,442 -2,635,758
Cash Balance (Ending) 307 694 532

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.000 74.377 128.595
Earning Per Share (JD) -0.011 -0.009 -0.091
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.501 0.452 0.172
Price Earnings Ratio (Times) 0.000 -25.757 -3.424
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) 0.000 0.509 1.799
Gross Margin % 0.000 0.000 0.000
Margin Before Interest and Tax % 0.000 0.000 0.000
Profit Margin % 0.000 0.000 0.000
Return On Assets % -0.922 -0.624 -3.988
Return On Equity % -2.129 -1.976 -52.534
Debt Ratio % 56.678 68.433 92.409
Equity Ratio % 43.322 31.567 7.591
Interest Coverage Ratio (Times) -0.669 0.497 0.000
Total Assets Turnover (Times) 0.000 0.000 0.000
Fixed Assets Turnover (Times) 0.000 0.000 0.000
Working Capital Turnover (Times) 0.000 0.000 0.000
Current Ratio (Times) 1.725 1.296 0.942
Working Capital (JD) 21,323,560.000 11,596,824.000 -3,058,764.000