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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).

Al-Qurain Holding Co. (شركة القرين القابضة)

Main Activities: Investment Brokerage and Other Financial Investments

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Company Information

Full name
Al-Qurain Holding Co. (K.S.C.C) (شركة القرين القابضة (ش.م.ك مقفلة))

Previous name(s)
Iraq Holding Company KSCC

Headquarters
P.O. Box 28341, Al-Zumorrodah Tower, 18th Floor, Ahmad Al Jaber Street, Al-Qeblah, Safat 13144.; Al safat; Al Asimah
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: Ernst & Young (2012)
Incorporation Date: November 29, 1998
Total Employees: 10

Tel: 956 22916888/22455999

Company Description

Al Qurain Holding Company KSCC, formerly Iraq Holding Company KSCC, is a Kuwait-based public shareholding company and a subsidiary of Al Zumorroda Holding KSCC. The Company is engaged, together with its subsidiaries, in patent rights, trademarks and industrial marks acquisition and leasing-out, as well as ownership of real estate property and investment activities in other companies and real estate projects.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -99.08%, from KWD 854.909 thousands to KWD 7.849 thousands. Operating result decreased from KWD -54.527 thousands to KWD -5,297.508 thousands which means -9615.39% change. The results of the period reached KWD -5,297.508 thousands at the end of the period against KWD 559.07 thousands last year. Return on equity (Net income/Total equity) went from 2.24% to -26.79%, the Return On Asset (Net income / Total Asset) went from 1.89% to -21.63% and the Net Profit Margin (Net Income/Net Sales) went from 65.40% to -67492.78% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 23.82% compared to 18.16% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.04 to 351.95 when compared to the previous year.

Key Executives

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Balance Sheet

Total Assets

24,487

29,510

Current Assets

20,904

194

Total Liabilities

4,711

4,534

Shareholders Equity

19,776

24,976

Current Liabilities

59

4,534

* All the accounts are in KWD.
Income Statement

Total Operating Revenue

7

854

Operational Profit (Loss)

-5,297

-54

Net Profit (Loss)

-5,297

559

* All the accounts are in KWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-21.63%

1.89%

Annualised Return on Assets (ROA)

-21.63%

1.89%

Return on Equity (ROE)

-26.79%

2.24%

Annualised Return on Equity (ROE)

-21.21%

2.45%

Return on Sales (ROS)

-67,492.78%

65.4%

Return on Capital

-21.69%

-0.22%

Gross Profit Margin

100%

100%

Operating Profit Margin

-67,492.78%

-6.38%

Efficiency Ratios

Accounts Receivable Turnover

0.57x

11.09x

Current asset turnover

0.00x

4.41x

Fixed-asset turnover

0.00x

0.03x

Asset Turnover

0.00x

0.03x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-5,297

-54

EBITDA

-5,297

-54

Enterprise value

4,438

4,340

Enterprise Value / EBITDA

-0.84

-79.60

Bookvalue (BV)

19,776

24,976

Net Cash

-4,438

-4,340

Liquidity Ratios

Current Ratio

35,194.99%

4.28%

Quick ratio

35,194.99%

4.28%

Doom's day ratio

459.16%

4.28%

Leverage Ratios

Leverage ratio

123.82%

118.16%

Debt to equity

23.82%

18.16%

Debt to total assets

19.24%

15.37%

Long Term Debt to Capital

19.04%

0%

Trend Ratios

Revenue Trend

0.92%

2,739.3%

Net Income Trend

-947.56%

-1.65%

Operating Income Trend

9,715.39%

1.19%