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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).

Jordan French Insurance Co. Ltd. (الشركة الأردنية الفرنسية للتأمين)

Main Activities: Insurance Carriers and Related Activities

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Company Information

Full name
Jordan French Insurance Co. Ltd. (الشركة الأردنية الفرنسية للتأمين)

Headquarters
Shmeisani - JOFICO Building Al-Sharif Abed Hamid Sharaf Street Opposite Commodore Hotel P.O.Box: 3272 Amman 11181 Jordan; Amman; West Zone; 11181
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : JO2100911012
Financial Auditors: Ghosheh and Company (2012)
Total Employees: 94

Tel: 00962 6 5600 200

Company Description

JOFICO was established in 1976, in affiliation with M/S: Compagnie Financiere Du Group Victoire of France, with a Registered Capital of JD:250,000/- and a Paid-up Capital of JD: 125,000 (in that period) out of which the French held 25% and two seats on the Board of Directors.
Jordan French Insurance Co. (P.L.C), also known as JOFICO, is a Jordan-based public shareholding company that offers all classes of life and non-life insurance products and services in Jordan. Its products and services
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 23.32%, from JOD 16,803.749 thousands to JOD 20,721.851 thousands. The results of the period reached JOD -756.71 thousands at the end of the period against JOD 76.102 thousands last year. Return on equity (Net income/Total equity) went from 1.25% to -14.11%, the Return On Asset (Net income / Total Asset) went from 0.45% to -4.00% and the Net Profit Margin (Net Income/Net Sales) went from 0.45% to -3.65% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 252.56% compared to 180.42% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.13 to 2.00 when compared to the previous year.

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Balance Sheet

Total Assets

18,902

17,015

Current Assets

15,002

12,722

Total Liabilities

13,541

10,947

Shareholders Equity

5,361

6,067

Current Liabilities

7,507

5,964

* All the accounts are in JOD.
Income Statement

Total Operating Revenue

20,721

16,803

Net Profit (Loss)

-756

76

* All the accounts are in JOD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-4%

0.45%

Annualised Return on Assets (ROA)

-4%

0.45%

Return on Equity (ROE)

-14.11%

1.25%

Annualised Return on Equity (ROE)

-12.47%

1.12%

Return on Sales (ROS)

-3.65%

0.45%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

6.42x

5.92x

Current asset turnover

1.38x

1.32x

Fixed-asset turnover

5.31x

3.91x

Asset Turnover

1.10x

0.99x

Valuation figures and ratios

EBITDA

84

96

Enterprise value

15,720

14,545

Enterprise Value / EBITDA

186.60

151.34

Bookvalue (BV)

5,361

6,067

Net Cash

-12,080

-8,903

Liquidity Ratios

Current Ratio

199.83%

213.31%

Quick ratio

199.83%

213.31%

Doom's day ratio

19.46%

34.27%

Leverage Ratios

Leverage ratio

352.56%

280.42%

Debt to equity

252.56%

180.42%

Debt to total assets

71.64%

64.34%

Long Term Debt to Capital

52.95%

45.09%

Market ratios

Market Capitalization/EBITDA

43.21

58.70

Market Cap / Net cash

-0.30

-0.63

Trend Ratios

Revenue Trend

123.32%

101.49%

Net Income Trend

-994.34%

279.51%