TABLE OF CONTENTS
1. Executive Summary ???????????????.?.. 2
2. Company Overview ???????.????????....? 3
3. Non-financial Analysis ??????????????.?.. 5
3.1 Market and Industry Overview ???????? 6
3.2 Corporate Governance ?????????.?... 6
3.3 Board of Directors ?????????????. 6
3.4 Internal Control and Risk Management ....??.?.. 6
3.5 Environmental, Safety and Health ????..?.? 7
3.6 Corporate Social Responsibility ???????... 7
4. Financial Analysis ?.????????????...???. 8
4.1 Profitability Ratios
4.1.1 Net Profit Margin ?????.. 8
4.1.2 Return on Assets (ROA) ????.? 9
4.1.3 Return on Equity (ROE) ??.?.?... 13
4.2 Activity/Working Capital Ratios
4.2.1 Average Collection Period Ratio..?.... 14
4.2.2 Inventory Turnover Ratio???.?? 15
4.3 Debt/Financial Leverage Ratios
4.3.1 Debt Performance Ratio?????.?.. 16
4.3.2 Interest Cover Ratio????????. 17
4.4 Liquidity Ratios
4.4.1 Current Ratio ?????????.. &nbs ...