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Stelmar Shipping Ltd.
Status Center 2A Areos Street, Vouliagmeni, Greece 16671
Business Description The company is an international tanker company, businesses include the Handymax tankers, which primarily transport refined petroleum products; and Panamax tankers, which primarily transport crude oil.
Offering
Information

Company has
gone public

Trading As  SJH (NYSE) Industry  Transportation (SIC 4412)
Type of Stock Offered  Common Shares Filing Date  2/5/2001
Domestic Shares Offered  7,000,000 Offer Date  3/5/2001
Foreign Shares Offered  0 Filing Range  $12.00 - $14.00
Company Shares  7,000,000 Offer Price  $12.00
Selling Shrhldrs Shares  0 Gross Spread  $0.756
Gross Proceeds  $84,000,000 Selling  $0.450
Expenses  - - Reallowance  $0.100
Post-IPO Shares  10,824,750 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Jefferies & Company Incorporated Lead Manager (212) 903-2342
Alpha Finance U.S. Corporation Co-manager  
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 12/31/1996 12/31/1997 12/31/1998 12/31/1999 12/31/2000    
Revenues   29.766 33.678 56.783 68.539 68.575 - -
Income from Oper.   8.601 11.359 24.577 20.804 26.877 - -
Net Income   3.464 5.147 12.414 7.794 11.235 - -
E.P.S   - - - - - - -
Revenue Growth (%)      13.14 68.61 20.70 0.053   -
Net Income Growth (%)      48.59 141.19 -37.22 44.15   -
Oper. Profit Margin (%)    28.90 33.73 43.28 30.35 39.19 - -
Net Profit Margin (%)    11.64 15.28 21.86 11.37 16.38 - -
Cash Flow - Oper.     31.26 - -
Cash Flow - Inv.     11.15 - -
Cash Flow - Fin.     -30.68 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/2000 Financial Ratios
Total Assets    299.22 Current Assets    32.03 Current Ratio    1.21
Total Liab.    209.65 Current Liab.    26.57 Debt Ratio    70.07%
Total Equity    89.57 Working Cap.    5.46 Debt to Equity Ratio    2.34
Cash    26.46    Return on Assets   3.75%
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Seward & Kissel
Bank's Law Firm  Cravath, Swaine & Moore
Auditor  Arthur Andersen
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Last updated: 9/14/2001 2:48:08 PM
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