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Ras Al-Khaimah White Cement (رأس الخيمة للأسمنت الأبيض)
Main Activities: Cement and Concrete Product Manufacturing
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Company Information |
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Full name Ras Al-Khaimah Company for White Cement & Const., Materials (P.S.C.) (شركة رأس الخيمة لصناعة الأسمنت الأبيض والمواد الانشائية (ش.م.ع.)) Headquarters P.O. Box 4729, Al-Dar - Talat Abu gazala Office, Safat 13048, Kuwai; Al safat; Al Asimah |
Status: Listed Legal Form: General Partnership Operational Status: Operational Financial Auditors: Talal Abougazalah & Co. International (2011) Incorporation Date: September 9, 1980 Tel: 965 22433004 |
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Company Description |
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Ras Al-Khaimah White Cement Company was incorporated in 1980. Establishing and managing plants for the production of white cement, gypsum, lime bricks and their derivatives in Ras el Khaimah Emirate and trading in them. In addition to the local market within the United Arab Emirates major customers include Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and Yemen.Sales are also made to India, Bangladesh, Sri Lanka and East Africa. The factory uses the latest Japanese process technology with most |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 8.70%, from KWD 22,882 thousands to KWD 24,872 thousands. The results of the period increased 15.75% reaching KWD 6,328 thousands at the end of the period against KWD 5,467 thousands last year. Return on equity (Net income/Total equity) went from 9.72% to 10.59%, the Return On Asset (Net income / Total Asset) went from 8.43% to 8.90% and the Net Profit Margin (Net Income/Net Sales) went from 23.89% to 25.44% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 18.99% compared to 15.32% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 3.09 to 2.28 when compared to the previous year. |
Key Executives |
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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 |
70,326 |
71,109 |
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Current Assets |
14,974 |
16,190 |
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Total Liabilities |
16,862 |
11,347 |
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Shareholders Equity |
53,464 |
59,762 |
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Current Liabilities |
10,922 |
7,098 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
30,293 |
24,872 |
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Net Profit (Loss) |
5,208 |
6,328 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
7.41% |
8.9% |
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Annualised Return on Assets (ROA) |
7.41% |
8.9% |
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Return on Equity (ROE) |
9.74% |
10.59% |
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Annualised Return on Equity (ROE) |
8.71% |
11.25% |
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Return on Sales (ROS) |
17.19% |
25.44% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
2.02x |
1.54x |
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Fixed-asset turnover |
0.55x |
0.45x |
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Asset Turnover |
0.43x |
0.35x |
| Valuation figures and ratios | ||
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Bookvalue (BV) |
53,464 |
59,762 |
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Net Cash |
-16,862 |
-11,347 |
| Liquidity Ratios | ||
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Current Ratio |
137.1% |
228.09% |
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Quick ratio |
137.1% |
228.09% |
| Leverage Ratios | ||
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Leverage ratio |
131.54% |
118.99% |
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Debt to equity |
31.54% |
18.99% |
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Debt to total assets |
23.98% |
15.96% |
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Long Term Debt to Capital |
10% |
6.64% |
| Trend Ratios | ||
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Revenue Trend |
121.8% |
108.7% |
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Net Income Trend |
82.3% |
115.75% |
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