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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).
salafin (سلافين)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name salafin (سلافين) Headquarters P.O. Box 20190, Building 8, Zenith Millenium, Sidi Maarouf, Casablanca.; Casablanca; Grand Casablanca |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Total Employees: 159 Tel: 212 522974455 |
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Company Description |
| Salafin SA is a Morocco-based company engaged in providing consumer credits. It was established on 01/04/1997 and the IPO was on 17/12/2007. It provides three types of products: personal credits, car financing and revolving credits. Salafin SA operates through a network of agencies in Casablanca, Rabat, Tanger and Agadir, among others. The Company is a subsidiary of the BMCE Bank group. |
Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2009, total net operating revenues decreased with -10.61%, from MAD 1,150,312 thousands to MAD 1,028,307 thousands. The results of the period decreased -0.51% reaching MAD 100,956 thousands at the end of the period against MAD 101,477 thousands last year. Return on equity (Net income/Total equity) went from 19.59% to 17.50%, the Return On Asset (Net income / Total Asset) went from 3.19% to 3.11% and the Net Profit Margin (Net Income/Net Sales) went from 8.82% to 9.82% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 463.47% compared to 513.93% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 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 |
3,481,031 |
3,271,592 |
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Current Assets |
1,727,444 |
1,808,818 |
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Total Liabilities |
2,875,541 |
2,663,886 |
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Shareholders Equity |
605,490 |
607,706 |
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Current Liabilities |
2,399,810 |
2,222,997 |
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| * All the accounts are in MAD. | ||
Income Statement
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Total Operating Revenue |
730,144 |
803,836 |
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Net Profit (Loss) |
92,127 |
93,107 |
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| * All the accounts are in MAD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.65% |
2.85% |
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Annualised Return on Assets (ROA) |
2.65% |
2.85% |
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Return on Equity (ROE) |
15.22% |
15.32% |
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Annualised Return on Equity (ROE) |
15.16% |
15.62% |
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Return on Sales (ROS) |
12.62% |
11.58% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.42x |
0.44x |
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Fixed-asset turnover |
0.42x |
0.55x |
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Asset Turnover |
0.21x |
0.25x |
| Valuation figures and ratios | ||
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EBITDA |
60,511 |
67,301 |
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Enterprise value |
1,459,983 |
1,121,014 |
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Enterprise Value / EBITDA |
24.13 |
16.66 |
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Bookvalue (BV) |
601,738 |
598,917 |
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Net Cash |
-1,459,983 |
-1,121,014 |
| Liquidity Ratios | ||
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Current Ratio |
71.98% |
81.37% |
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Quick ratio |
71.98% |
81.37% |
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Doom's day ratio |
58.99% |
69.41% |
| Leverage Ratios | ||
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Leverage ratio |
574.91% |
538.35% |
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Debt to equity |
474.91% |
438.35% |
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Debt to total assets |
82.61% |
81.42% |
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Long Term Debt to Capital |
44% |
42.05% |
| Trend Ratios | ||
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Revenue Trend |
90.83% |
89.45% |
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Net Income Trend |
98.95% |
92.71% |
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