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Fujairah National Insurance (الفجيرة الوطنية للتأمين (Fujairah))
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Fujairah National Insurance (الفجيرة الوطنية للتأمين) Headquarters P.O. Box 277, 8th Floor, Insurance Building, Hamad Bin Abdullah Street, Fujairah.; Al Fujairah; Northern Emirates |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: January 1, 1984 Total Employees: 185 Tel: 971 92233355 |
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Company Description |
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Fujairah National Insurance Company is a public shareholding company that was established in year 1976 under the patronage of the Ruler of Fujairah emirate. It is registered under the Federal Company Law and Federal Insurance Law. The Company is primarily engaged in all classes of general insurance other than life assurance. The Company offers its services through ten divisions, namely Automobile offers comprehensive cover and third party liability cover - testing; Aviation covers aviation |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -22.85%, from AED 209,902.042 thousands to AED 161,939.697 thousands. Operating result decreased from AED 17,675.487 thousands to AED 11,444.202 thousands which means -35.25% change. The results of the period decreased -43.71% reaching AED 4,197.855 thousands at the end of the period against AED 7,457.13 thousands last year. Return on equity (Net income/Total equity) went from 7.94% to 5.31%, the Return On Asset (Net income / Total Asset) went from 2.20% to 1.27% and the Net Profit Margin (Net Income/Net Sales) went from 3.55% to 2.59% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 317.41% compared to 260.40% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.50 to 0.61 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 |
376,067 |
330,281 |
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Current Assets |
104,380 |
126,090 |
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Total Liabilities |
241,799 |
251,154 |
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Shareholders Equity |
134,267 |
79,127 |
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Current Liabilities |
47,677 |
206,101 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
160,530 |
161,939 |
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Operational Profit (Loss) |
21,996 |
11,444 |
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Net Profit (Loss) |
18,599 |
4,197 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
4.95% |
1.27% |
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Annualised Return on Assets (ROA) |
4.95% |
1.27% |
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Return on Equity (ROE) |
13.85% |
5.31% |
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Annualised Return on Equity (ROE) |
23.51% |
4.47% |
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Return on Sales (ROS) |
11.59% |
2.59% |
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Return on Capital |
6.7% |
9.22% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
13.7% |
7.07% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.29x |
3.16x |
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Inventory Turnover |
-x |
27.11x |
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Current asset turnover |
1.54x |
1.28x |
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Fixed-asset turnover |
0.59x |
0.79x |
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Asset Turnover |
0.43x |
0.49x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
21,996 |
11,444 |
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EBITDA |
21,996 |
11,444 |
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Enterprise value |
193,841 |
231,976 |
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Enterprise Value / EBITDA |
8.81 |
20.27 |
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Bookvalue (BV) |
134,267 |
79,127 |
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Net Cash |
-193,841 |
-231,976 |
| Liquidity Ratios | ||
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Current Ratio |
218.93% |
61.18% |
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Quick ratio |
218.93% |
58.28% |
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Doom's day ratio |
100.59% |
9.31% |
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Cash Flow to Debt |
3.5% |
-9.09% |
| Leverage Ratios | ||
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Leverage ratio |
280.09% |
417.41% |
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Debt to equity |
180.09% |
317.41% |
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Debt to total assets |
64.3% |
76.04% |
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Long Term Debt to Capital |
59.11% |
36.28% |
| Trend Ratios | ||
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Revenue Trend |
99.13% |
77.15% |
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Net Income Trend |
443.08% |
56.29% |
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Operating Income Trend |
192.2% |
64.75% |
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