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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Housing Loan Insurance - Darkom (تأمين القروض السكنية - داركم)

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Housing Loan Insurance - Darkom (تأمين القروض السكنية - داركم)

Headquarters
Shmeissani, Abdul Rahman al Waked Str., Darkom Bldg. #59 P.O. Box 930419 Amman 11193 Jordan ; Amman; West Zone; 11193
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : JO2103311012
Financial Auditors: Arab Professionals (2012)
Total Employees: 19

Tel: 00962 6 510 5244

Company Description

Darkom was established in 2007 as a public shareholding company operating in the housing finance market. However, due to the global mortgage crises it systematically reinvented itself as an investment company. Today, Darkom Investments is rapidly emerging as a prominent driving force for national economic growth, positioning itself amongst Jordan’s leading investment players with an ambitious yet pragmatic business plan.
It is engaged in the provision of investment and financing services and
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2009, total net operating revenues increased with 74.81%, from JOD 663 thousands to JOD 1,159 thousands. Operating Results decreased from JOD 180 thousands to JOD -454 thousands. The results of the period reached JOD 36.17 thousands at the end of the period against JOD -396 thousands last year. Return on equity (Net income/Total equity) went from -4.53% to 0.41%, the Return On Asset (Net income / Total Asset) went from -4.37% to 0.33% and the Net Profit Margin (Net Income/Net Sales) went from -59.73% to 3.12% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 25.91% compared to 3.65% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 10.35 to 0.94 when compared to the previous year.

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Balance Sheet

Total Assets

7,716

8,707

Current Assets

654

1,664

Total Liabilities

1,337

1,198

Shareholders Equity

6,378

7,509

Current Liabilities

1,323

1,055

* All the accounts are in JOD.
Income Statement

Total Operating Revenue

248

Net Profit (Loss)

-1,137

-1,263

* All the accounts are in JOD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-14.74%

-14.51%

Annualised Return on Assets (ROA)

-14.74%

-14.51%

Return on Equity (ROE)

-17.83%

-16.82%

Annualised Return on Equity (ROE)

-15.14%

-14.4%

Return on Sales (ROS)

-456.85%

Gross Profit Margin

100%

Efficiency Ratios

Accounts Receivable Turnover

1.01x

Current asset turnover

0.38x

Fixed-asset turnover

0.04x

Asset Turnover

0.03x

Valuation figures and ratios

Enterprise value

5,828

6,344

Bookvalue (BV)

6,378

7,509

Net Cash

-1,328

-1,144

Liquidity Ratios

Current Ratio

49.48%

157.62%

Quick ratio

49.48%

157.62%

Doom's day ratio

0.72%

5.1%

Leverage Ratios

Leverage ratio

120.97%

115.96%

Debt to equity

20.97%

15.96%

Debt to total assets

17.33%

13.76%

Long Term Debt to Capital

0.22%

1.86%

Market ratios

Market Cap / Net cash

-3.39

-4.54

Trend Ratios

Net Income Trend

90.02%

-3,492.09%