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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).

International Finance Company (الدولية للتمويل )

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
International Finance Company (الدولية للتمويل )

Headquarters
P.O. Box 26442, International Finance Company Tower, Ahmad Al Jaber Street, Al Sharq Area, Safat 13125.; Al safat; Al Asimah
Status: Listed
Legal Form: Limited Liability Company
Operational Status: Operational
Financial Auditors: Grant Thornton - Anwar Al-Qatami & Co./ More Stefince - Qais Al- (2012)
Incorporation Date: April 15, 1980
Total Employees: 120

Tel: 965 1820200

Company Description

International Finance Company is a Kuwait-based company engaged in the provision of consumer installment credit facilities and investments through four branches across Kuwait. Its services include car credit facilities, which offers loans to purchase used or new cars; electronics credit facilities offers loans for personal computers and other electronic products; marine equipment credit facilities provides loans for marine leisure equipment; credit facilities for furniture, and personal loans.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues decreased with -45.00%, from KWD 6,366 thousands to KWD 3,501 thousands. Operating Results decreased from KWD 124 thousands to KWD -6,772 thousands. The results of the period reached KWD -6,772 thousands at the end of the period against KWD 121 thousands last year. Return on equity (Net income/Total equity) went from 0.15% to -8.70%, the Return On Asset (Net income / Total Asset) went from 0.09% to -6.68% and the Net Profit Margin (Net Income/Net Sales) went from 1.90% to -193.43% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 30.10% compared to 62.32% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 12.10 to 13.79 when compared to the previous year.

Key Executives

Mr.Jassem Hasan Zenal Chairman
Mr.Ibrahim Saleh Al-Tharban Vice Chairman
Mr.Ammar Taleb Ali Hajiyah Member of Board
Mr.Emad A. Al Eisa Member of Board
Mr.Rami K. Abdullah Member of Board

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Balance Sheet

Total Assets

135,415

142,537

Current Assets

13,342

39,577

Total Liabilities

21,911

29,156

Shareholders Equity

113,504

113,381

Current Liabilities

11,308

13,634

* All the accounts are in KWD.
Income Statement

Total Operating Revenue

4,592

5,224

Net Profit (Loss)

-362

-14,973

* All the accounts are in KWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-0.27%

-10.5%

Annualised Return on Assets (ROA)

-0.27%

-10.5%

Return on Equity (ROE)

-0.32%

-13.21%

Annualised Return on Equity (ROE)

-0.32%

-19.23%

Return on Sales (ROS)

-7.88%

-286.62%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

0.91x

0.96x

Current asset turnover

0.34x

0.13x

Fixed-asset turnover

0.04x

0.05x

Asset Turnover

0.03x

0.04x

Valuation figures and ratios

EBITDA

-191

-193

Enterprise value

13,598

23,347

Enterprise Value / EBITDA

-71.19

-120.64

Bookvalue (BV)

113,504

113,381

Net Cash

-13,598

-23,347

Liquidity Ratios

Current Ratio

117.99%

290.29%

Quick ratio

117.99%

290.29%

Doom's day ratio

73.51%

42.61%

Leverage Ratios

Leverage ratio

119.3%

125.72%

Debt to equity

19.3%

25.72%

Debt to total assets

16.18%

20.46%

Long Term Debt to Capital

8.54%

12.04%

Trend Ratios

Revenue Trend

87.9%

115.81%

Net Income Trend

2.42%

221.1%