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Credit Rating & Collection (تصنيف وتحصيل الأموال)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Credit Rating & Collection (K.S.C.C.) (شركة تصنيف وتحصيل الأموال) Headquarters P.O. Box 1432, Al-Sharq, Ahmad Al-Jaber St., Al-Awadi Towers Tower No. 3, First floor, SAFAT 13015.; Al safat; Al Asimah |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Al Waha Auditing Office/ Rodel Midel East Auditing Account (2012) Incorporation Date: December 23, 1998 Total Employees: 60 Tel: 965 22421255/1802230 |
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Company Description |
| Credit Rating & Collection Company KSCC (CRC) is a Kuwait-based public shareholding company primarily engaged in credit rating, risk management and debt recovery business in accordance to Islamic Sharia principles. The Company's activities include the collection and purchase of trade debts, the provision of financial information and credit rating, the provision of specialized economic professional information, and the development of evaluation methods. |
Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -37.62%, from KWD 933 thousands to KWD 582 thousands. The results of the period decreased -26.35% reaching KWD -1,990 thousands at the end of the period against KWD -1,575 thousands last year. Return on equity (Net income/Total equity) went from -8.09% to -11.38%, the Return On Asset (Net income / Total Asset) went from -7.99% to -11.29% and the Net Profit Margin (Net Income/Net Sales) went from -168.81% to -341.92% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 0.82% compared to 1.30% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 149.35 to 145.44 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (non-cons) |
2010 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 |
17,624 |
19,722 |
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Current Assets |
17,598 |
17,474 |
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Total Liabilities |
143 |
253 |
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Shareholders Equity |
17,481 |
19,469 |
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Current Liabilities |
121 |
117 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
582 |
933 |
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Net Profit (Loss) |
-1,990 |
-1,575 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-11.29% |
-7.99% |
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Annualised Return on Assets (ROA) |
-11.29% |
-7.99% |
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Return on Equity (ROE) |
-11.38% |
-8.09% |
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Annualised Return on Equity (ROE) |
-8.59% |
-8.09% |
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Return on Sales (ROS) |
-341.92% |
-168.81% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.88x |
1.58x |
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Current asset turnover |
0.03x |
0.05x |
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Fixed-asset turnover |
22.38x |
0.41x |
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Asset Turnover |
0.03x |
0.05x |
| Valuation figures and ratios | ||
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EBITDA |
-26 |
-20 |
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Enterprise value |
-342 |
-485 |
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Enterprise Value / EBITDA |
13.15 |
24.25 |
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Bookvalue (BV) |
17,480 |
19,467 |
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Net Cash |
342 |
485 |
| Liquidity Ratios | ||
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Current Ratio |
14,543.8% |
14,935.04% |
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Quick ratio |
14,543.8% |
14,935.04% |
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Doom's day ratio |
400.83% |
630.77% |
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Cash Flow to Debt |
-69.93% |
249.8% |
| Leverage Ratios | ||
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Leverage ratio |
100.82% |
101.3% |
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Debt to equity |
0.82% |
1.3% |
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Debt to total assets |
0.81% |
1.28% |
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Long Term Debt to Capital |
0.13% |
0.69% |
| Trend Ratios | ||
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Revenue Trend |
62.38% |
80.71% |
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Net Income Trend |
126.35% |
44.44% |
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