Company Information

  

Address: C/O MI MANAGEMENT COMPANY
TRUST CO COMPLEX, STE 206, AJELTAKE ROAD 
City: MAJURO 
State:  
Zip Code: MH96960 
Telephone: 011 32 3 247 59 35 

Description of Business

Primary SIC Code: 4731
(As filed with the SEC)  

We are a blank check company incorporated pursuant to the laws of the Republic of the Marshall Islands, formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, debt acquisition, stock purchase, reorganization or other similar business combination, vessels, vessel contracts (including contracts for the purchase and charter-in by us of vessels) or one or more operating businesses, which we intend to be in the international maritime shipping industry, and which we refer to throughout this annual report as our initial business combination. While we may pursue one or more acquisition opportunities in various sectors of the international maritime shipping industry, in the event that we find opportunities in one or more different sectors that are more compelling than other sectors, including unrelated to the shipping industry, we may pursue those opportunities.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
There's no share overview data.

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.04Total Liab/Total Assets0.97
Net Inc/Total Assets0.00Total Liab/Inv Cap0.97
Net Inc/Inv Cap0.00Total Liab/Comm Equity16.58
Pretax Inc/Net SalesNAInterest Coverage Ratio-10.97
Net Inc/Net SalesNACurr Debt/EquityNA
Cash Flow/Net SalesNALTD/EquityNA
SG&A/NetSalesNATotal Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick Ratio201.95
Inventory TurnoverNACurrent Ratio201.95
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  12/31/2016
Total Revenues(Net Sales) NA
Cost of Goods Sold NA
Selling & Admin Exps 0.40
Operating Income -0.40
Interest Exp 0.03
Pretax Income -0.40
Other Income 0.03
Net Income Bef Extraordinary ... NA
Net Income -0.40

Balance Sheet (Millions)

Assets 12/31/2016
Cash & Short Term Investments 153.59
Receivables - Total NA
Inventories - Total NA
Total Current Assets 153.59
Net Property, Plant & Equipment NA
Total Assets 153.59
Liabilities  
Accounts Payable 0.76
Debt in Current Liabilities NA
Total Current Liabilities 0.76
Long-Term Debt NA
Total Liabilities 148.59
Stockholder's Equity  
Minority Interest NA
Preferred Stock NA
Common Stock 0.00
Retained Earnings -3.96
Treasury Stock NA
Total Stockholders' Equity 5.00
Total Liabilities and Stockholders' Equity 153.59

Cash Flow Summary (Millions)

Categories 12/31/2016
Net Cash Provided by Operating Activities -0.11
Net Cash Provided by Investing Activities 0.00
Net Cash Provided by Financing Activities 153.71

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20160.00-0.40--
Growth Rates------

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17184,662--




Report Date : 12/11/2017

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