2008

31424 - 14441 ..

www.zamilindustrial.com

Annual Report 2008

Evolving,
as a matter
of course

Zamil Industrial Investment Co.

P.O. Box 14441 - Dammam 31424
Kingdom of Saudi Arabia
www.zamilindustrial.com

08

Annual Report

08

Contents
2
5
6
18
25

2
5
6
18
25

Chairmans Message
Financial Highlights
Managing Directors Report
Chief Operating Officers Report
Financial Statements


( ):

.
( ):

.

( )
.


31 .2008

2008


.

.


.


.2008

2008 4549.6
( 1213.2 ) 31 2008
%24 2007
.
2008

225.1 ( 60 ) 206.5
( 55.1 )
.2007 5
( 1.33 ) 4.59 ( 1.22
) %9 .
31 2008 %15.2
1028.3 ( 274.2 )
892.3 ( 238 ) .2007

1.5 ( 0.33 )
2008 67.5 %15
.



.
2008

.

()
.2010


.2009

.

.

%24

2008

.
2008




.

.

.

.


.

.





.




.


.

.

.



.

.


.
2008


.

:

2009


.




.



.

.


2009 .

.


.


.

200,000

191^647 / %80^2
206^500 / %7^8
225^136 / %9^0

225^000

150^000
125^000
100^000
75^000
50^000

45^383 / %222
50^210 / %10^6
70^155 / %39^7
106^362 / %51^6

175^000

25^000
0

02 03 04 05 06 07 08

1^500^000

2^5
2
1^5

1^000^000

500^000

0^5

02 03 04 05 06 07 08

900^000
800^000
700^000
600^000
500^000

424^696 / %2^4
437^249 / %3^0
494^949 / %13^2
587^515 / %18^7
741^496 / %26^2
892^282 / %20^30
1^028^259 / %15^2

1^000^000

150^000
125^000
100^000
75^000
50^000

1^500^000
1^450^000
1^300^000
1^150^000
900^000
750^000

191^647 / %80^2
206^500 / %7^8
225^136 / %9^0

25^000

02 03 04 05 06 07 08

MGdG dG HQ
jdH
IOjdG f %

GOGjEG
jdG BG
IOjdG f %

4^26 / %80^2
4^59 / %7^8
5^00 / %9^0

45^383 / %222
50^210 / %10^6
70^155 / %39^7
106^362 / %51^6

2^000^000

200,000

02 03 04 05 06 07 08

adG HQCG
jdG BG
IOjdG f %

4^500^000
4^000^000
3^500^000
3^000^000
2^500^000
2^000^000

1^406^064 / %12^7
1^561^238 / %11^0
1^966^671 / %26^0
2^369^493 / %20^5
2^867^594 / %21
3^681^260/ %28^4
4^549^602 / %23^6

2^500^000

225^000

175^000

3^5
2^36 / %51^6

3^000^000

889^919 / %45^3
933^887 / %39^4
1^105^628 / %38^6
1^337^109 / %36^3
1^520^869 / %33^4

3^500^000

4^5

1^01 / %222
1^12 / %10^6
1^56 / %39^7

4^000^000

513^837 / %36^5
547^596 / %35^1

4^500^000

1^406^064 / %12^7
1^561^238 / %11^0
1^966^671 / %26^0
2^369^493 / %20^5
2^867^594 / %21
3^681^260 / %28^4
4^549^602 / %23^6

adG HQCG
jdG BG
IOjdG f %

5
4^5
4
3^5
3
2^5
2

400^000

600^000

300^000

450^000

1^000^000

200^000

300^000

500^000

0^5

100^000

150^000

02 03 04 05 06 07 08

gG M
jdG BG
IOjdG f %

02 03 04 05 06 07 08

1^5

GOGjEG
jdG BG
IOjdG f %

02 03 04 05 06 07 08

GQOdG
jdG BG
GOGjEG e dG %

1^000^000
900^000

^496 / %26^2
892^282 / %20^30
1^028^259 / %15^2

1^500^000

1^500^000
1^450^000

( ) .2008

.

2008



.


()

4.6 ( 1.23 )
%24 .2007

2008 .


.



.
100

.Armaflex
2008


.


.
2008
( )

. %50
( )



.

 2008 %30

.
.


.

.


.


.


.



.

900

.


.2010
2008

.

.


.

( )Underwriters Laboratories - UL

.
FM Approvals MaxSEAM .

GOST
Zulassung
.

34


2008 CE



.
.2010

2008
2.83
%24 .2007
%25

.



.

.

2008
()
%20 .



.

.
135.000
.2008
%32
.2007
%60-50
.1995

.
%50 2008
%28
%10 %12
.





.

GOST Zulassung
.

Ez-Build

.

2008


14.


.
2007

32 2008 122 .2008




.

.




.

.


.

2008
%20 70.000 .

.




.
.

20.000
.
2008
.2009

49.000 2008
.
2008
11
.


.

.

2008
.


( )Hambro.

10

FM Approvals ( )Class 1
MaxSEAM
IBS .
2008
2008
.

.


.

2008

.

( )Hambro .

( )Underwriters Laboratories - UL

.

56 90
.
.
2007


35.000

34 .

11

2008
()

.
.

100
.
.

12

ISO 14001:2004 OHSAS 18001:1999

.

%90
. %35
.

.2009


.

2008 %5.1
%2.2
%236 .


.



2009
.

13

2008
1.55 %24

.
.
%53 2007

.




.
2008



.

14

%42 .2007



.
2008
( )Aluminum/Aluminum
( )Copper/Aluminum

.

( )MEAC
%4 .
2008
( )Hotpoint
.



.

.
2008


.
ISO 9000:2001

.


. ISO 17025

.

2008 %30
( )Advantec Coils Private Limited .
( %50
)
( )Hudson Products Corp
(Air Cooled Heat
)Exchangers
.



14.000
.


.



.

.2008
.
360

.
2007


.

()

()
2008
%20 %10
.

.

. 2008

100
.


.ARMAFLEX

.

15

16

2008
%50
( )
.


.

( )

2008
( )
170.000

. 30.000
.

.
2009
.

2008


2007
.


.
2,000


75 .

.



.2008
2008


.


.


.
.

17


2008
( )

.


.

18

2008

2008

.

:








.



.



.





.

19

.


.
2007


. 2008



.


.

20

.
.


.

.


.

.


.
190 .

800
.


.


.2010


45


.

1000

2008

.

2008 ( )ISO 20000

.


.



( )VPN

.




.

.

.2009

( )Oracle ERP


.
iSweet

.

.


.



.
2008


.

21

.




.



.
2008



.

.

22

.
2008 1700
20 .

.
400
2008
.

.
.

( )R407C R134A


.

.



.

.

%90
.


.



.
%50



.



.


.2008
2008
.

23

.

2009

.



.

.




.



.




.

24



( )


( ) ( )1
31 2008
1 29 123
.
.

.
.
. .

31 2008
.
.

25


31 2008

3
4
5
6

9 88.535
231.052
62.278
19.282

715.166
242.876
27.730
16.388

7
8
9
10

2 .341.187
1.470.726
55.767
201.393

1.627.439
1.125.422
22.922
186.726

4.069.073

2.962.509

11

9


12

13

17

906.502
10.471
346.149
1.726.170
55.319
115.451
3.160.062

706.503
9.287
208.561
1.872.990
46.317
18.997
2.862.655

909.011

99.854

2.210.158

1.102.014

26

2007
2008
( )

15

16



18


( )

19

4 50.000
124.908
401.268
67.500
() 5.020
() 10.397
1.028.259

450.000
102.394
268.146
67.500
4.242
892.282

73.236
1 .101.495

63.171
955.453

17

1 29 .

31 2008

963.216
2.171
143.276
1.108.663

37.190
1.958
107.413
146.561

2.210.158

1.102.014


31 2008

2007
2008
( )

4 .549.602
() 3.584.021

3.681.260
()2.946.368

965.581

734.892

2 98.728
317.685
5.958

233.841
209.477
1.381

622.371

444.699

343.210

290.193

22
111213 17

41.568
() 116.793

44.930
()104.102

267.985

231.021

() 3.991
() 23.008

()1.731
()8.532

240.986

220.758

1 5.850

14.258

225.136

206.500

24

5.00

4.59

24

5.00

4.59

2 0
21
6

14

1 29 .

31 2008

27


31 2008





:
3


()
6




:

267.985

231.021

104.835
7 01
5.958
116.793
496.272

69.144
()333
1.381
104.102
405.315

() 707.889
() 370.808
332.148

()470.152
()160.780
22.594

() 250.277

()203.023

35.863
() 116.793
() 10.780

19.222
()104.102
()11.968

() 341.987

()299.871

() 298.960
2.010
() 4.293
() 121.663
( )34.548

()335.874
533
()7.459
()84.849
-

() 457.454

()427.649

28

2007
2008
( )

() 67.500
1.041.477
() 18.997

()67.500
3.270
()34.015

( )137.818
() 12.943

854.889
()9.149

804.219

747.495

4 .778
186.726
9.889

19.975
161.572
5.179

201.393

186.726

1 29 .

31 2008


31 2008

()











( )

31 2006



( )18
( )18


31 2007



( )18
( )18


31 2008

450.000
450.000
450.000

81.744
20.650
102.394
22.514
124.908

1 51.796
206.500
( )20.650
( )2.000
( )67.500
2 68.146
225.136
( )22.514
( )2.000
( )67.500
401.268

67.500
( )67.500
67.500
67.500
( )67.500
67.500
67.500

-
4.242
4.242
( )9.262
( )5.020

( )9.544
9.544
( )10.397
( )10.397

741.496
206.500
()2.000
()67.500
4.242
9.544
892.282
225.136
()2.000
()67.500
()9.262
()10.397
1.028.259

29

1 29 .

31 2008

 31 2008

-1
407 1419/3/14 ( 8 . )1998
. 9
. 2002 . 2050004215
:
:
0 . . :

30

()
-




()

-
-
. . .

-

31 2008

% 100
% 100
% 100
% 100
% 100
% 100
% 100
% 100
% 100
% 100
% 100
% 92.27
% 85
% 65
% 51
% 51

 31 ( 2008)

-2
. :

0
. .
31
30 .2006 1 2006 31
2007 1 2006 31 . 2007

.

0
.
/
.
.
. .

5 .

. .
.
.

31

31 2008

 31 ( 2008)

.
.
.
.

. .

.

.
. .
.

.
.

.
. .

.

32

. .

.
. .

. .
. .


.

31 2008

 31 ( 2008)

( )
( )
.

.
.
.
- 3
:

20 40
2 20

2007
2008


( )

1 0.330
58.829
-

3 20.250
113.125
( )63
117.980
( )75

8 09.144
165.887
( )20.776
129.485
( )1.372

2 61.322
81.119
( )265.061
( )19.155

1.401.046
418.960
( )20.839
( )17.596
( )20.602

1.081.952
335.874
()23.563
6.783

69.159

551.217

1.082.368

58.225

1.760.969

1.401.046

-
-

1 66.073
22.994
( )52
( )10

5 19.807
81.841
( )18.076
( )143

-
-

6 85.880
104.835
( )18.128
( )153

637.631
69.144
()23.363
2.468

189.005

583.429

772.434

685.880

58.225

988.535

498.939
362.212
69.159
31 2008
31 2007

10.330

154.177

289.337

261.322

715.166

( ) .
.

31 2008

33

 31 ( 2008)

-4
2007
2008
( )

18.362
( )5.020

22.587
4.242

13.342
130.344
21.365
66.001
231.052

26.829
19.236
127.810
69.001
242.876

:
 .1 % 27.5 ( )
.
 .2 % 25 - ( )
. % 49 .
 .3 % 51 ( )
.
( ) .
.4 % 30 . .
 .5 % 50 .
.
 .6 % 50 .
.

34

 .7 % 49 .
.
:
 .1 % 100 .
.
 .2 % 100 ( ) .
.

31 2008

 31 ( 2008)

 .3 % 100 ( ) .

.
18.3 ( 19.4 : 2007 ) .
.4 100 .
 .5 100 ( ) .
.
 .6 100 ( )
.
 .7 51 . . . .
. .
 .8 100 .
.

.

.
:
 .1 2.11 ( :
) . .
 .2 10 ( ) . .
 .3 2 .

35

-5
2007
2008
( )

31 2008

2 7.730
34.548
62.278

27.730
27.730

 31 ( 2008)

-6
2007
2008
( )

16.388
4.293
4 .396
() 5.958
163

10.260
7.459
()1.381
50

19.282

16.388

-7
2007
2008
( )

1.574.795
103.145
473.024
190.223

1.112.274
69.966
357.323
87.876

2.341.187

1.627.439

- 8

36

2007
2008
( )

1.231.629
30.040
53.385
150.343
5.329

978.462
27.655
39.392
66.580
13.333

1.470.726

1.125.422

-9
:
2007
2008
( )

31 2008

50.712
65.109
32.455
32.571

 31 ( 2008)

4.35 ( 2.73 : 2007 ) .

.
2.0 ( 2.0 : 2007 ) .
.

/ .
-10
2007
2008
( )

201.393

186.726

-11
2007
2008
( )

( )14

366.767
70.847
424
117.670
288.339
28.427
34.028

270.642
35.386
17.586
111.471
223.776
19.366
28.276

906.502

706.503

37
-12
.
.
-13

.

31 2008

 31 ( 2008)

-14

:
2007
2008
( )

15.850

14.258

:
2007
2008
( )

8 20.540
153.452
() 202.994
770.998
289.210
1.060.208

683.540
115.001
()598.266
200.275
222.610
422.885

/ .

:

38

2007
2008
( )

19.366
1 5.850
() 6.789
28.427

15.345
14.258
()10.237
19.366

. 2007
-15
450 ( 450 : 2007 ) 45 10 ( 45 : 2007
10 ).
-16
% 10 .
. .
31 2008

 31 ( 2008)

-17
2007
2008
( )

1
2
3
4
5
6

68.343
10.192

1.000.000
132

37.982
872
14.415
2.918
-

1.078.667

()115.451

56.187
()18.997

963.216

37.190

( )1 .
8 14 15
1433 ( 2 . )2012 31 2008 68.3
( 37.98: 2007 ) 11.8 ( 11.8 : 2007 ) .
. .
( )2 . . 2008
.
( )3 . . .
. . 31 2008 10.2 ( 14.4 : 2007
) 3.5 ( 3.4 : 2007 ) .
( )4 ()USAID
18 . . 2008
( )5 1.000 .
. .
.
( )6 . 36
.
2009 .

31 2008

39

 31 ( 2008)

-18
1.5 67.5 15 ( : 2007 1.5
67.5 15 ) .
-19
:

2 008

2007

. . .

%
4 9
15
35
7.73
49

%
49
15
35
10
49

-20

40

2007
2008
( )

154.269
23.651
17.984
8.759
32.948
9.855
2.254
49.008

113.104
22.137
19.608
5.902
25.480
8.400
1.657
37.553

298.728

233.841

-21
2007
2008
( )

155.255
14.733
49.305
1.336
97.056

130.551
11.929
32.428
1.166
33.403

317.685

209.477

31 2008

 31 ( 2008)

-22
2007
2008
( )

42.269
( )701

44.597
333

41.568

44.930

-23
) ( / ) :

/
( )
( )

2008

2007

2008

2007

2008

2007

1 .552.386
2.838.149
156.464
2.603
4.549.602

1 .253.513
2.301.880
124.386
1.481
3.681.260

96.937
241.990
28.709
( )24.426
343.210

77.277
191.512
20.862
542
290.193

2 42.183
654.753
87.231
44.092
1.028.259

332.136
552.281
91.528
()83.663
892.282

) ( / ) :

(/)
( )

2008

2007

2008

2007

2.532.752
982.553

2.041.075
990.121

2 00.821
104.022

164.115
90.719

3.515.305
536.961
417.576
79.760

3.031.196
273.366
294.479
82.219

304.843
7.308
29.342
1 .717

254.834
3.152
33.371
()1.164

4.549.602

3.681.260

343.210

290.193

31 2008

41

 31 ( 2008)

-24
31 2008 2007 45 .
-25
498 ( 293 : 2007 ) .
- 26
70 ( 222.5 : 2007 ) .
-27


. .

.
90 150 60 90
.

.

.
-28
.

.

42

.
-29
2007 .

31 2008