Professional Documents
Culture Documents
BY
SADIQ A. GARBA
(RISK MANAGEMENT GROUP)
ARM INVESTMENT MANAGERS LIMITED
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FINANCIAL POSITION
• ARM has Total Asset of N52, 588,628,000 as at 31st December, 2016 out of which
N51,241,499,000 is customer’s total assets in management, N1,020,401,000
other assets and N326,728,000 Shareholder’s fund.
• Total Shareholder’s fund of N326, 728,000 as at 31st December, 2016 which is
twice the industry benchmark of N150,000,000 set by Securities and Exchange
Commission.
• ARM has a liquidity ratio of 26% as at 31st December, 2016 which is 6% more than
the CBN benchmark of 20%.
• ARM’s return on equity and return on asset are 12.90% and 0.08% respectively
which are considered adequate.
• The Annual Report of ARM Investments Managers Limited as at 31 December,
2016 was appraised by the Group and was rated B showing that they posed a
moderate amount of risk.
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RATING
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TRACK RECORD
• Cordros Capital has Total Asset of N2,882,652,751 as at 31st December, 2016 out of
which N1,623,681,306 is customer’s total assets in management .
• Total Shareholder’s fund of N1,228,599,774 as at 31st December, 2016 as compared with
the industry benchmark od N150,000,000 set by Securities and Exchange Commission.
• Cordros Capital has a liquidity ratio of 139% as at 31st December, 2016 which is more
than the CBN benchmark of 20%.
• Cordros Capital’s return on equity and return on asset are 3.14% and 1.34% respectively
which are considered adequate.
• The Annual Report of Cordros Capital Limited as at 31 December, 2016 was appraised by
the Group and was also rated B showing that they posed a moderate amount of risk.
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RATING
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TRACK RECORD
Cordros Capital have served as Stockbrokers and as Financial Advisers
to so many Companies. Some of them are:
• AP Petroleum
• Staco Insurance
•Eterna Plc
•GTHomes Limited
•Total Nigeria Plc
• PZ Cussons Plc and so on.
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RECOMMENDATION
• In view of the above findings on the financial standing and the quality
of their Managements, the Bank may wish to consider and engage
the services of ARM Managers Limited for Treasury Bills transactions
while Cordros Capital for future transactions.
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THANK YOU
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