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Al Dar National Real Estate
Main Activities: Real Estate
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Company Information |
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Full name Al Dar National Real Estate (Al Dar National Real Estate) Headquarters P.O. Box 22242, 7th Floor, KRE Building, Al Shuhada Street, Al Sharq Area, Safat 13083; Al safat; Al Asimah |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Rodl Middle east (2012) Incorporation Date: March 7, 2000 Total Employees: 8 Tel: 965 22324445 |
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Company Description |
| Al Dar First Real Estate Company was established in 2000 with capital of KD 1 million. Its name was changed to Al Dar National Real Estate Company and its capital was increased through a special subscription to KD 35 million. The subscription was a major success, oversubscribed and completed in record time. The company's results have improved dramatically in a brief period. In 2004, it realized a profit of KD 2.5 million, compared to KD 95,000 in 2003, and its total assets increased to KD 44 million | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues decreased with -30.77%, from KWD 78 thousands to KWD 54 thousands. Operating result decreased from KWD 78 thousands to KWD 54 thousands which means -30.77% change. The results of the period reached KWD 129 thousands at the end of the period against KWD -14,215 thousands last year. Return on equity (Net income/Total equity) went from -91.05% to 0.82%, the Return On Asset (Net income / Total Asset) went from -17.75% to 0.16% and the Net Profit Margin (Net Income/Net Sales) went from -18224.36% to 238.89% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 422.77% compared to 412.96% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.35 to 0.01 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 |
79,850 |
82,875 |
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Current Assets |
9,038 |
9,416 |
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Total Liabilities |
67,228 |
67,404 |
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Shareholders Equity |
12,621 |
15,470 |
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Current Liabilities |
67,139 |
67,321 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
559 |
2,262 |
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Net Profit (Loss) |
-2,869 |
75 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-3.59% |
0.09% |
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Annualised Return on Assets (ROA) |
-3.59% |
0.09% |
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Return on Equity (ROE) |
-22.73% |
0.49% |
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Annualised Return on Equity (ROE) |
-18.55% |
0.48% |
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Return on Sales (ROS) |
-512.93% |
3.34% |
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Gross Profit Margin |
127.86% |
131.27% |
| Efficiency Ratios | ||
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Current asset turnover |
0.06x |
0.24x |
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Fixed-asset turnover |
0.01x |
0.03x |
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Asset Turnover |
0.01x |
0.03x |
| Valuation figures and ratios | ||
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Enterprise value |
66,703 |
66,881 |
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Bookvalue (BV) |
12,621 |
15,471 |
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Net Cash |
-66,703 |
-66,881 |
| Liquidity Ratios | ||
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Current Ratio |
13.46% |
13.99% |
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Quick ratio |
13.46% |
13.99% |
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Doom's day ratio |
0.78% |
0.78% |
| Leverage Ratios | ||
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Leverage ratio |
632.63% |
535.68% |
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Debt to equity |
532.63% |
435.68% |
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Debt to total assets |
84.19% |
81.33% |
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Long Term Debt to Capital |
0.7% |
0.53% |
| Trend Ratios | ||
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Revenue Trend |
24.72% |
45.49% |
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Net Income Trend |
-3,795.01% |
58.47% |
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