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A. Scandinavian Insurance (العربية الاسكندنافية للتأمين)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name A. Scandinavian Insurance (العربية الاسكندنافية للتأمين) Headquarters P.O.Box 1993 Al Garhoud Road AL Kazim Building Dubai UAE; Dubai; Northern Emirates |
Status: Listed Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: January 1, 1978 Total Employees: 76 Tel: 009714 282 5585 |
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Company Description |
| Arabian Scandinavian Insurance Company is a United Arab Emirates-based public shareholding company established in 1979 and provides life and non-life insurance products and services to individuals, corporations and government departments through its offices located in Dubai and Abu Dhabi. The Company offers its services through seven main segments, namely Motor Insurance, which covers vehicles against loss, damage and third party liability; Engineering Cover offers contractors all risks and machinery | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 4.12%, from AED 30,886.322 thousands to AED 32,157.79 thousands. The results of the period increased 370.50% reaching AED 20,489.219 thousands at the end of the period against AED 4,354.805 thousands last year. Return on equity (Net income/Total equity) went from 1.72% to 7.56%, the Return On Asset (Net income / Total Asset) went from 1.36% to 6.01% and the Net Profit Margin (Net Income/Net Sales) went from 14.10% to 63.71% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 25.80% compared to 26.21% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.42 to 1.70 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
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 |
376,329 |
340,764 |
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Current Assets |
147,562 |
116,017 |
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Total Liabilities |
86,969 |
69,895 |
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Shareholders Equity |
289,360 |
270,868 |
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Current Liabilities |
85,389 |
68,309 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
39,912 |
32,157 |
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Net Profit (Loss) |
32,503 |
20,489 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
8.64% |
6.01% |
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Annualised Return on Assets (ROA) |
8.64% |
6.01% |
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Return on Equity (ROE) |
11.23% |
7.56% |
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Annualised Return on Equity (ROE) |
12% |
8.08% |
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Return on Sales (ROS) |
81.44% |
63.71% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
2.22x |
1.66x |
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Current asset turnover |
0.27x |
0.28x |
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Fixed-asset turnover |
0.17x |
0.14x |
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Asset Turnover |
0.11x |
0.09x |
| Valuation figures and ratios | ||
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Enterprise value |
323,301 |
345,956 |
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Bookvalue (BV) |
289,360 |
270,868 |
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Net Cash |
1,498 |
-21,156 |
| Liquidity Ratios | ||
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Current Ratio |
172.81% |
169.84% |
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Quick ratio |
172.81% |
169.84% |
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Doom's day ratio |
103.6% |
71.35% |
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Cash Flow to Debt |
14.96% |
2.86% |
| Leverage Ratios | ||
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Leverage ratio |
130.06% |
125.8% |
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Debt to equity |
30.06% |
25.8% |
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Debt to total assets |
23.11% |
20.51% |
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Long Term Debt to Capital |
0.54% |
0.58% |
| Market ratios | ||
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Market Cap / Net cash |
216.80 |
-15.35 |
| Trend Ratios | ||
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Revenue Trend |
124.11% |
104.12% |
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Net Income Trend |
158.64% |
470.5% |
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