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Alliance Insurance (شركة اللاينس للتامين ش م ع )
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Alliance Insurance (شركة اللاينس للتامين ش م ع ) Previous name(s) Credit and Commerce Insurance Company Headquarters P.O. Box 5501, Warba Centre, 2nd and 3rd Floor, Abu Baker Al Sidik Street, Deira, Dubai.; Dubai; Northern Emirates |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Grant Thornton (2012) Incorporation Date: July 1, 1975 Total Employees: 140 Tel: 971 46051111 |
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Company Description |
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Alliance Insurance PSC, formerly Credit and Commerce Insurance Company, is a United Arab Emirates-based company established in 1975. The Company provides all classes of life and general insurance services. Its general insurance products include fire, motor, marine and aviation, engineering, liability and miscellaneous accident insurance. Its life insurance products cover individual life insurance, group life insurance, personal accident insurance and health insurance for corporate institutions |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -2.21%, from AED 286,479 thousands to AED 280,141 thousands. The results of the period decreased -7.74% reaching AED 41,611 thousands at the end of the period against AED 45,104 thousands last year. Return on equity (Net income/Total equity) went from 14.98% to 12.89%, the Return On Asset (Net income / Total Asset) went from 4.84% to 4.28% and the Net Profit Margin (Net Income/Net Sales) went from 15.74% to 14.85% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 201.10% compared to 209.54% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.35 to 5.99 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 |
1,066,548 |
972,166 |
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Current Assets |
827,329 |
621,487 |
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Total Liabilities |
710,976 |
649,298 |
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Shareholders Equity |
355,572 |
322,868 |
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Current Liabilities |
151,653 |
103,780 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
287,727 |
280,141 |
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Net Profit (Loss) |
40,756 |
41,611 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
3.82% |
4.28% |
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Annualised Return on Assets (ROA) |
3.82% |
4.28% |
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Return on Equity (ROE) |
11.46% |
12.89% |
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Annualised Return on Equity (ROE) |
12.62% |
13.82% |
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Return on Sales (ROS) |
14.16% |
14.85% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.35x |
0.45x |
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Fixed-asset turnover |
1.20x |
0.80x |
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Asset Turnover |
0.27x |
0.29x |
| Valuation figures and ratios | ||
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Enterprise value |
981,723 |
637,650 |
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Bookvalue (BV) |
355,572 |
322,868 |
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Net Cash |
-694,098 |
-637,208 |
| Liquidity Ratios | ||
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Current Ratio |
545.54% |
598.85% |
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Quick ratio |
545.54% |
598.85% |
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Doom's day ratio |
11.13% |
11.65% |
| Leverage Ratios | ||
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Leverage ratio |
299.95% |
301.1% |
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Debt to equity |
199.95% |
201.1% |
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Debt to total assets |
66.66% |
66.79% |
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Long Term Debt to Capital |
61.14% |
62.82% |
| Market ratios | ||
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Market Cap / Net cash |
-0.41 |
-0.00 |
| Trend Ratios | ||
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Revenue Trend |
102.71% |
97.79% |
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Net Income Trend |
97.95% |
92.26% |
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