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AJMAN BANK PJSC ( مصرف عجمان ش.م.ع)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name AJMAN BANK PJSC ( مصرف عجمان ش.م.ع) Headquarters P.O. Box 7770, Ajman Free Zone, Block C, 13th Floor, Al Mina Road, Ajman.; Ajman; Northern Emirates |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Financial Auditors: KPMG (2012) Incorporation Date: May 1, 2008 Total Employees: 176 Tel: 971 67479999 |
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Company Description |
| Ajman Bank PJSC is a United Arab Emirates-based public shareholding company engaged in banking, financial and investment activities according to Islamic Sharia principles. The Bank was legally incorporated on 17 April 2008 and was registered with The Securities and Commodities Authority on 12 June 2008.The bank is listed on the Dubai Financial Market since February 2008." The bank offers its products through various Islamic instruments, including Murabaha, Wakala, Sukuk and Ijarah. |
Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 26.66%, from AED 194,430 thousands to AED 246,274 thousands. Operating result increased from AED 4,034 thousands to AED 6,956 thousands which means 72.43% change. The results of the period increased 4361.53% reaching AED 179,978 thousands at the end of the period against AED 4,034 thousands last year. Return on equity (Net income/Total equity) went from 0.40% to 18.03%, the Return On Asset (Net income / Total Asset) went from 0.12% to 4.50% and the Net Profit Margin (Net Income/Net Sales) went from 2.07% to 73.08% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 300.65% compared to 221.20% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.06 to 0.06 when compared to the previous year. |
Key Executives |
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FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
5,489,739 |
3,999,947 |
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Current Assets |
319,243 |
432,276 |
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Total Liabilities |
4,434,589 |
3,001,594 |
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Shareholders Equity |
1,055,150 |
998,353 |
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Current Liabilities |
4,338,212 |
2,897,482 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
291,063 |
246,274 |
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Net Profit (Loss) |
33,521 |
6,956 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.61% |
0.17% |
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Annualised Return on Assets (ROA) |
0.61% |
0.17% |
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Return on Equity (ROE) |
3.18% |
0.7% |
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Annualised Return on Equity (ROE) |
3.36% |
0.69% |
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Return on Sales (ROS) |
11.52% |
2.82% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.91x |
0.57x |
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Fixed-asset turnover |
0.06x |
0.07x |
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Asset Turnover |
0.05x |
0.06x |
| Valuation figures and ratios | ||
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EBITDA |
-16,839 |
-17,616 |
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Enterprise value |
5,632,146 |
3,633,227 |
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Enterprise Value / EBITDA |
-334.47 |
-206.25 |
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Bookvalue (BV) |
1,055,150 |
998,353 |
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Net Cash |
-4,212,146 |
-2,833,227 |
| Liquidity Ratios | ||
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Current Ratio |
7.36% |
14.92% |
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Quick ratio |
7.36% |
14.92% |
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Doom's day ratio |
5.13% |
5.81% |
| Leverage Ratios | ||
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Leverage ratio |
520.28% |
400.65% |
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Debt to equity |
420.28% |
300.65% |
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Debt to total assets |
80.78% |
75.04% |
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Long Term Debt to Capital |
8.37% |
9.44% |
| Market ratios | ||
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Market Capitalization/EBITDA |
-84.33 |
-45.41 |
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Market Cap / Net cash |
-0.34 |
-0.28 |
| Trend Ratios | ||
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Revenue Trend |
118.19% |
126.66% |
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Net Income Trend |
481.9% |
172.43% |
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