| Aramex International Limited | |||
| Ticker: | ARMXF | 2 Badr Shaker Alsayyab Street, Um Uthayna | |
| Exchange: | NASDAQ-National Market | Amman, JORDA | |
| Industry: | Transportation (SIC Code 4513) | ||
| Type of Shares: | Common Shares | Filing Date: | 11/6/96 | |
| U.S. Shares: | 1,000,000 | Offer Date: | 1/13/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.00 - $9.00 | |
| Primary Shares: | 1,000,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.49 | |
| Offering Amount: | $8,000,000 | Selling: | $0.27 | |
| Expenses: | $550,000 | Reallowance: | $0.10 | |
| Shares Out After: | 4,429,688 |
| Manager | Tier | Phone |
| Commonwealth Associates | Lead Manager | (212) 297-5608 |
| Issuer's Law Firm: | Orrick, Herrington & Sutcliffe |
| Bank's Law Firm: | Morgan, Lewis & Bockius |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | Continental Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $43.60 | $35.90 | $31.76 | Assets: | $11.38 |
| Net Income: | $1.52 | $1.45 | $0.75 | Curr Assets: | |
| EPS: | $0.49 | $0.46 | $0.24 | Liabilities: | $5.53 |
| Prior EPS: | $0.09 | $0.85 | Curr Liabilities: | ||
| Cash Flow/Oper: | Equity: | $5.85 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company provides express delivery and freight forwarding services from its main hubs in Dubai, London, New York and Amman primarily to, from and within destinations in the Middle East and the Indian Sub-Continent. The company has approximately 800 full time employees and operates through a network of 36 stations/offices and 11 service providers locat4ed in 29 countries, and holds a majority interest in a direct marketing and mail order business, Middle East Direct Marketing, which operates five Shop the World Direct catalog centers. The company uses commercial airline service to carry its express parcels and freight, resulting in lower capital costs and greater pricing flexibility. The company is a founding member of the Overseas Express Carriers Network, which is a global alliance among certain leading independent express companies that functions as a worldwide delivery network for its members. |
| Competition |
| The express and freight forwarding industry is highly competitive. The principal competitive factors within the express and freight forwarding industry include price, frequency and capacity of scheduled service, extent of geographic coverage and reliability. Many of the company's competitors have well established reputations and possesses substantially greater financial, marketing, personnel and other resources than the company. The company's principal competitors are DHL Worldwide Express, Federal Express and TNT Express, Inc. In addition, the company competes against other express and freight forwarding companies, such as United Parcel Service, who wish to establish or broaden their presence in the Middle Eastern express and freight forwarding markets. The company competes primarily by seeking to offer customer competitive pricing, a high level of service and on-time delivery. |
| Business Plan |
| The company's strategy is to provide a full range of express, freight forwarding, logistics, ground transportation, and mail order services to its customers. The company believes that it competes in an industry and a region characterized by a growing need among customers for more comprehensive services. By offering a wide range of distinct delivery and transportation services at a reasonable price, the company plans to position itself as a leading provider of express, freight forwarding and logistics services in its core markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for expansion, working capital and other general corporate purposes. |