Western Ministil

Western Ministil Limited, incorporated in 1972, was established as a business engaged in the manufacturing of steel ingots and other semi-finished steel products. However, the company's operations have remained at a standstill since 1995, with no activities being undertaken during the review year. The company's accumulated losses have exceeded its paid-up share capital, which has eroded its overall net worth and assets. Currently, the company is evaluating possibilities for restructuring its activities and has prepared its financial accounts on a Going Concern Basis. Its day-to-day expenses are being managed by liquidating certain non-productive assets that are owned by the company. The management is actively exploring various business options in an effort to overcome the company's current liquidity crisis.;