CAF.V - Canaf Group

CAF Annual MD&A / Financial Highlights

Financials as of October 31st 2013 (Year End)

Cash: $1,313,730
Receivables: $1,839,196
Inventories: $376,770
Prepaid Expenses: $33,459

Property & Equipment: $578,068

Total Assets: $ 4,141,224


Liabilities: $2,375,117 ( All Payables)
Bank Debt: $0 (Paid off in 2013)

2013 Total Sales: $ 14,969,633
Cost of Sales: $13,342,532
Gross Profit: $1,627,101

Expenses: $463,202

Net Income(After Tax) $838,537

Earnings per share after 4 positive quarters:

$838,537(net) / 47,426,196(common shares = $0.0176 EPS for 2013

CAF.V Should be trading at a 10-15 Times multiple if it is compared
similar net growth earners NCI.V, IWG.V and PHO.V. which all
took off in 2013.

DESCRIPTION OF BUSINESS

Canaf Group Inc., (the “Company”) is incorporated in the Province of Alberta and wholly owns a company in South Africa, Quantum Screening and Crushing (Proprietary) Limited (“Quantum”). Quantum processes anthracite coal into de-volatised (calcined) anthracite for sale mostly to steel and ferromanganese manufacturers as a substitute product for coke.


OVERALL PERFORMANCE AND OUTLOOK

The results for the year to October 31, 2013, reflect a continued improvement in the operating and financial performance of the company. The Company recorded record revenues of $14,969,633, a 37.6% increase over the prior year, despite a challenging external environment for the resources sector as a whole. The Company also recorded record profits and our net income after tax was up 256% over the previous year to $838,537; our gross margin also improved to 10.9%

During the past year, the management focused on driving up sales and increasing margins, and the Company is pleased to that this is reflected in the results. The Company significantly invested in its kilns by replacing an entire section of one kiln and replacing a rider ring, expenses that were written off in the year as maintenance and were funded through working capital. Total maintenance cost for the year was, $585,145, an increase of $362,071 compared to the previous year. As well as continuing to focus on maintaining positive free cash flow from Quantum, the Company is actively looking to expand into related businesses within the reluctant and anthracite market in South Africa through potential investments in existing operations and anthracite mines.

The Company remains confident that orders for its product of calcined anthracite will now remain strong, and the Company continues to receive strong interest in its product. The Company is now looking to widen its customer base and expects to send out two to three trial loads to new customers during the first quarter of the next fiscal year.

Calcined anthracite is considered as a more secure source of reductant as industries in South Africa become concerned at the future availability of coke. Over the past few years, high-quality anthracites, and calcined anthracite have gained more interest as a replacement to the more expensive reluctant, coke, in the sintering and smelting industries.

View Original Document
Canaf earns $840,000 (U.S.) in fiscal 2013


2014-02-17 15:28 MT - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR YEAR ENDED 31 OCTOBER 2013

Canaf Group Inc. has released its financial statements and management's discussion and analysis for the 12 months ended Oct. 31, 2013. (All reference to dollars herein are to U.S. dollars.)

During the fiscal year 2013, the company recorded its highest revenue and profits since being incorporated, as sales tones increased to record levels.

Revenue increased 37.6 per cent to $15.0-million from $10.9-million the previous year, despite the relative and significant weakening of the South African rand. Net profit after tax and non-recurring items increased to $840,000 (2012, a profit of $330,000).

As well as continuing to focus on growing positive free cash flow, the company is actively looking to expand into related businesses within the anthracite and coke market in South Africa, through potential investments in existing operations and anthracite mines.

The financial statements and management's discussion and analysis can be viewed on SEDAR or the company's website.

We seek Safe Harbor.

Q1 is going to be coming out in a couple weeks, likely another growth quarter. With bids stacking still this play should be more lively in Q2. Level 2 below.

Level 2
Orders/Shares Price Price Shares/Orders
1 / 5000 0.08 0.1 25000 / 2
6 / 338000 0.075 0.105 19000 / 3
3 / 102000 0.07 0.11 54000 / 1
2 / 50000 0.065 0.125 1000 / 1
1 / 8000 0.055 0.135 90000 / 3
1 / 40000 0.05 0.15 42000 / 2
1 / 20000 0.045 0.175 10000 / 1
1 / 1000 0.03 0.18 10000 / 1
1 / 100000 0.02 0.19 42000 / 1
2 / 120000 0.015 0.25 10000 / 1

Canaf Group Inc
Symbol C : CAF
Shares Issued 47,426,195
Close 2014-03-07 C$ 0.075
Recent Sedar Documents
View Original Document
Canaf Group earns $160,000 (U.S.) in fiscal Q1 2014


2014-03-14 10:58 ET - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR YEAR ENDED 31 JANUARY 2014

Canaf Group Inc. has released its financial statements, and management discussion and analysis for the three months ended Jan. 31, 2014.

Revenue for the three-month period revenue increased 7% to $3,254,723 from $3,031,276 for the same quarter the previous year. Net Profit After Tax and Non-Recurring items decreased to $0.16 million (2013, a profit of $0.17 million). During the quarter the South African Rand again saw its value depreciate against the USD.

During the quarter, the Company agreed terms to supply trial loads to two new customers, one of which was dispatched in March 2014. The outcome from the trials should be known by the end of April 2014, and the Company is hopeful that it will further expand its customer base, subsequently reducing its dependence on existing customers.

The Company can also confirm that the blast furnace reline works scheduled for ArcelorMittal's Newcastle facility have been approved. Work will commence in May 2014 and last for approximately 4 months. The Company is confident that any sales lost due to the shutdown will be re-allocated, either to existing or new customers. The Company sees the investment at ArcelorMittal's Newcastle facility as positive investment and expects the long- term demand for its product to increase above existing levels once the facility has been re-commissioned in September 2014.