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

Afaq Educational Services (آفاق للخدمات التربوية)

Main Activities: Educational Services

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Company Information

Full name
Afaq Educational Services Co.(K.S.C.C.) (شركة آفاق للخدمات التربوية (ش.م.ك.مقفلة))

Headquarters
P.O. Box 27215, Abraj Complex Building 7, 3rd Floor, Othman Street, Hawally, Safat 131333; Kuwait City; Al Asimah
Status: OTC traded
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: Ernst and Young Al Aiban Al Osaimi and Partners/Al-Hamedi & Co. B (2011)
Incorporation Date: July 19, 1993
Total Employees: 640

Tel: 965 22620739

Company Description

AFAQ was established in 1993 as a private sector company, it has current paid up capital of KD 5000,000. AFAQ offers educational services to the needs of Kuwaiti citizens with disabilities with seven schools under its belt.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 0.68%, from KWD 5,616 thousands to KWD 5,654 thousands. The results of the period increased 36.32% reaching KWD 1,066 thousands at the end of the period against KWD 782 thousands last year. Return on equity (Net income/Total equity) went from 12.13% to 14.73%, the Return On Asset (Net income / Total Asset) went from 9.55% to 11.48% and the Net Profit Margin (Net Income/Net Sales) went from 13.92% to 18.85% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 28.24% compared to 27.03% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.60 to 3.22 when compared to the previous year.

Key Executives

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Balance Sheet

Total Assets

9,282

8,187

Current Assets

4,456

3,506

Total Liabilities

2,044

1,742

Shareholders Equity

7,238

6,445

Current Liabilities

1,383

974

* All the accounts are in KWD.
Income Statement

Total Operating Revenue

5,654

5,616

Net Profit (Loss)

1,066

782

* All the accounts are in KWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

11.48%

9.55%

Annualised Return on Assets (ROA)

11.48%

9.55%

Return on Equity (ROE)

14.73%

12.13%

Annualised Return on Equity (ROE)

16.54%

13.71%

Return on Sales (ROS)

18.85%

13.92%

Return on Capital

0%

0%

Gross Profit Margin

171.12%

173.22%

Operating Profit Margin

0%

0%

Efficiency Ratios

Accounts Receivable Turnover

2.90x

3.94x

Inventory Turnover

17.13x

19.30x

Current asset turnover

1.27x

1.60x

Fixed-asset turnover

1.17x

1.20x

Asset Turnover

0.61x

0.69x

Valuation figures and ratios

EBITDA

33

57

Bookvalue (BV)

7,164

6,380

Net Cash

-679

-1,562

Liquidity Ratios

Current Ratio

322.2%

359.96%

Quick ratio

298.34%

330.08%

Doom's day ratio

98.7%

18.48%

Leverage Ratios

Leverage ratio

128.24%

127.03%

Debt to equity

28.24%

27.03%

Debt to total assets

22.02%

21.28%

Long Term Debt to Capital

8.45%

10.74%

Market ratios

Market Capitalization/EBITDA

0.00

0.00

Market Cap / Net cash

0.00

0.00

Trend Ratios

Revenue Trend

100.68%

116.06%

Net Income Trend

136.32%

465.48%