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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).
Commercial Facilities (التسهيلات التجارية)
Main Activities: Investment Brokerage and Other Financial Investments
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Company Information |
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Full name Commercial Facilities Co. (S.A.K.Closed) (شركة التسهيلات التجارية (ش.م.ك.مقفلة)) Headquarters P.O. Box 24284, Commercial Facilities Company Building, Abdullah Al Ahmad Street, Al Sharq Area, Kuwait Safat 13103.; Al safat; Al Asimah |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Al-Fahad & Co. Deloite & Touche (2012) Incorporation Date: January 16, 1977 Total Employees: 194 Tel: 965 1833232 |
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Company Description |
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Commercial Facilities Company (CFC) was established in 1977 as the first Kuwaiti closed shareholding company specialized in providing installment credit facilities to finance consumer and commercial products. The company was listed in Kuwait Stock Exchange in 1982. It was the first company to be selected for the Kuwaiti government's privatization program. In September 1994, the Kuwait Investment Authority sold 47% of the company's issued shares to the private sector. During |
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -14.47%, from KWD 23,258 thousands to KWD 19,892 thousands. Operating result decreased from KWD 40,500 thousands to KWD 19,892 thousands which means -50.88% change. The results of the period decreased -17.22% reaching KWD 14,190 thousands at the end of the period against KWD 17,142 thousands last year. Return on equity (Net income/Total equity) went from 10.62% to 8.65%, the Return On Asset (Net income / Total Asset) went from 5.77% to 4.63% and the Net Profit Margin (Net Income/Net Sales) went from 73.70% to 71.34% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 86.93% compared to 84.02% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.99 to 1.98 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 (cons) |
2011 Y (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 |
291,750 |
306,543 |
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Current Assets |
32,972 |
275,711 |
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Total Liabilities |
122,243 |
142,558 |
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Shareholders Equity |
169,507 |
163,985 |
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Current Liabilities |
4,458 |
138,915 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
19,363 |
19,892 |
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Net Profit (Loss) |
15,872 |
14,190 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.44% |
4.63% |
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Annualised Return on Assets (ROA) |
5.44% |
4.63% |
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Return on Equity (ROE) |
9.36% |
8.65% |
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Annualised Return on Equity (ROE) |
9.68% |
8.79% |
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Return on Sales (ROS) |
81.97% |
71.34% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
13.13x |
0.09x |
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Current asset turnover |
0.59x |
0.07x |
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Fixed-asset turnover |
0.07x |
0.65x |
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Asset Turnover |
0.07x |
0.06x |
| Valuation figures and ratios | ||
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Enterprise value |
92,511 |
88,022 |
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Bookvalue (BV) |
169,507 |
163,985 |
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Net Cash |
-92,511 |
-88,022 |
| Liquidity Ratios | ||
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Current Ratio |
739.61% |
198.47% |
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Quick ratio |
739.61% |
198.47% |
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Doom's day ratio |
666.94% |
39.26% |
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Cash Flow to Debt |
6.73% |
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| Leverage Ratios | ||
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Leverage ratio |
172.12% |
186.93% |
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Debt to equity |
72.12% |
86.93% |
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Debt to total assets |
41.9% |
46.51% |
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Long Term Debt to Capital |
41% |
2.17% |
| Trend Ratios | ||
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Revenue Trend |
97.34% |
85.53% |
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Net Income Trend |
111.85% |
82.78% |
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