It would seem that privately-held companies in high-risk businesses such as computer leasing are well advised to disclose rather more of their financial affairs than is required by law if they want to satisfy customers that they are safe business partners, and Northridge, California-based El Camino Resources Ltd is of the same view: the leaser, seller and supporter of used mainframe and mid-range comput-ers has published its audited annual report in which it discloses that it did $255m business in the year to April 30, a 62% increase over the previous year, on which it made net profit up 9% at $3.3m; its assets grew by 33% to $186.3m, and it says it originated some $100m in new leases, 18% more than in 1989.
