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Commercial Credit Plc
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Commercial Credit Plc (Commercial Credit Plc) Headquarters No. 106, Yatinuwara Veediya; Kandy; Central Province |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Ernst & Young (2011) Tel: +94 81 223 4963 - 4 |
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Company Description |
| Fourth October 1982 witnessed the birth of Commercial Credit Limited in the hill capital of Kandy. The Company, registered as a Finance Company under Finance Companies Act No. 78 of 1988 under the Monetary Board of Central Bank of Sri Lanka from a steady foundation laid over a period of 28 years has re-emerged as the NEW KID IN THE BLOCK with the shifting of the main operations of the Company to Colombo in March 2010. This company is into Banks Finance & Insurance. |
Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 312.26%, from LKR 171,356 thousands to LKR 706,434 thousands. Operating Results increased from LKR -25,943 thousands to LKR 244,366 thousands. The results of the period increased 32.98% reaching LKR 60,094 thousands at the end of the period against LKR 45,190 thousands last year. Return on equity (Net income/Total equity) went from 0.00% to 0.00%, the Return On Asset (Net income / Total Asset) went from 1.99% to 1.12% and the Net Profit Margin (Net Income/Net Sales) went from 26.37% to 8.51% when compared to the same period of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (cons) |
2010 Y (cons) |
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| Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
5,350,179 |
2,270,642 |
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| * All the accounts are in LKR. | ||
Income Statement
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Total Operating Revenue |
706,434 |
171,356 |
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Operational Profit (Loss) |
244,366 |
-25,943 |
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Net Profit (Loss) |
60,094 |
45,190 |
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| * All the accounts are in LKR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.12% |
1.99% |
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Annualised Return on Assets (ROA) |
1.12% |
1.99% |
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Return on Sales (ROS) |
8.55% |
26.52% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
26.22% |
-17.9% |
| Efficiency Ratios | ||
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Fixed-asset turnover |
0.13x |
0.07x |
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Asset Turnover |
0.13x |
0.07x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
176,007 |
-37,142 |
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EBITDA |
188,161 |
-29,552 |
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Enterprise value |
-314,268 |
-61,630 |
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Enterprise Value / EBITDA |
-1.67 |
2.09 |
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Bookvalue (BV) |
5,350,179 |
2,270,642 |
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Net Cash |
314,268 |
61,630 |
| Trend Ratios | ||
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Revenue Trend |
412.26% |
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Net Income Trend |
132.98% |
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Operating Income Trend |
-473.88% |
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