Corby Distilleries Limited : Consumer Packaged Goods - Company Profile, SWOT & Financial Report by Canadean

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									Corby Distilleries Limited

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Corby Distilleries Limited                                               Financial Snapshot

                                                                         Operating Performance
Fast Facts
                                    225 King Street West, Toronto, M5V   The company reported revenue of US$154.92 million
Headquarters Address
                                    3M2,Canada                           during the fiscal year 2011 (2011). The company's
                                                                         revenue grew at a CAGR of 1.92% during 2007–
Telephone                           + 1 416 4792400
                                                                         2011, with an annual decline of 1.64% over 2010. In
                                                                         2011, the company recorded an operating margin of
Fax                                 N/A                                  25.35%, as against 19.43% in 2010.

Website                             N/A
                                                                         Revenue and Margins
Ticker Symbol, Stock Exchange       CDLA, Toronto Stock Exchange

Number of Employees                 212

Fiscal Year End                     June

Revenue (in US$ million)            154.92

Revenue (in CAD million)            159.57




SWOT Analysis                                                            Return on Equity

Strengths                           Weaknesses                           The company recorded a return on equity (ROE) of
                                                                         12.07% for the fiscal year 2011, as compared to its
Improving liquidity position        Decrease in profitability            peers, Andrew Peller Limited (Ticker: ADW.A),
                                                                         Magnotta Winery Corporation (Ticker: MGN) and
                                                                         Castle Brands Inc. (Ticker: ROX), which recorded
Strong brand portfolio              Limited international presence       ROEs of 9.82%, 5.98% and -38.24% respectively.
                                                                         Furthermore, the company reported an operating
Opportunities                       Threats                              margin of 25.35% in 2011.

New launches                        Additional levy                      Return on Equity

Positive growth in wine market      Beer versus wine

                                    Effective pricing




                                                                         Liquidity Position

                                                                         The company reported a current ratio of 9.67 in 2011,
                                                                         as compared to its peers, Andrew Peller Limited,
                                                                         Magnotta Winery Corporation and Castle Brands Inc.,
                                                                         which recorded current ratios of 1.30, 3.98 and 2.80
                                                                         respectively. As of June 2011, the company recorded
                                                                         cash and short-term investments of worth US$93.82
                                                                         million, against zero current debt. The company
                                                                         reported a debt to equity ratio of 0.00 in 2011 as
                                                                         compared to its peers, Andrew Peller Limited,
                                                                         Magnotta Winery Corporation and Castle Brands Inc.,
                                                                         which recorded debt to equity ratios of 0.85, 0.28 and
                                                                         0.38 respectively.




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Corby Distilleries Limited - SWOT Profile                                                                        Page 1
Corby Distilleries Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................8
    2.2       Key Financial Performance Indicators .................................................................................................................11
      2.2.1       Revenue and Operating Profit .........................................................................................................................11
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................12
      2.2.3       Operational Efficiency ......................................................................................................................................13
    2.3       Competitive Benchmarking ..................................................................................................................................14
      2.3.1       Efficiency ..........................................................................................................................................................14
      2.3.2       Capital Expenditure ..........................................................................................................................................15
      2.3.3       Turnover – Inventory and Asset .......................................................................................................................16
3     Recent Developments ........................................................................................................................... 17
4     SWOT Analysis ...................................................................................................................................... 19
    4.1       SWOT Analysis - Overview ..................................................................................................................................19
    4.2       Strengths ..............................................................................................................................................................19
    4.3       Weaknesses ..................
								
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