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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).
Qatar Islamic Insurance Company (الشركة الإسلامية القطرية للتأمين)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Qatar Islamic Insurance Company (الشركة الإسلامية القطرية للتأمين) Headquarters P.O. Box 22676, Qatar Islamic Insurance Company Building, C Ring Road, Doha, Qatar.; Doha; Doha |
Status: Listed Legal Form: Joint Stock Company Operational Status: Operational ISIN CODE : QA0006929861 Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: October 30, 1993 Total Employees: 60 Tel: 974 44658888 |
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Company Description |
| Qatar Islamic Insurance was incorporated in October 1993 and had been listed in Qatar's Stock Market on the 12th of December, 1999. QIIC offers a wide range of Insurance products and services in accordance with sharia (Islamic law). QIIC offers a wide range of products and services for business including aviation, marine, freight, banking, electronics, computer, construction, engineering, energy and agricultural insurance. The company also offers coverage for business premises and other commercial | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2009, total net operating revenues decreased with -3.29%, from QAR 74,335.957 thousands to QAR 71,889.868 thousands. Operating result decreased from QAR 16,718.659 thousands to QAR 11,912.313 thousands which means -28.75% change. The results of the period decreased -49.99% reaching QAR 34,258.765 thousands at the end of the period against QAR 68,505.122 thousands last year. Return on equity (Net income/Total equity) went from 24.18% to 11.45%, the Return On Asset (Net income / Total Asset) went from 11.72% to 5.84% and the Net Profit Margin (Net Income/Net Sales) went from 92.16% to 47.65% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 96.15% compared to 106.31% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 5.65 to 24.88 when compared to the previous 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 |
678,869 |
636,815 |
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Current Assets |
250,762 |
172,047 |
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Total Liabilities |
401,200 |
368,672 |
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Shareholders Equity |
277,668 |
268,143 |
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Current Liabilities |
153,373 |
170,180 |
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| * All the accounts are in QAR. | ||
Income Statement
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Total Operating Revenue |
111,203 |
100,095 |
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Operational Profit (Loss) |
18,784 |
23,644 |
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Net Profit (Loss) |
58,289 |
44,995 |
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| * All the accounts are in QAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
8.59% |
7.07% |
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Annualised Return on Assets (ROA) |
8.59% |
7.07% |
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Return on Equity (ROE) |
20.99% |
16.78% |
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Annualised Return on Equity (ROE) |
21.74% |
17.06% |
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Return on Sales (ROS) |
52.42% |
44.95% |
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Return on Capital |
3.57% |
5.07% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
16.89% |
23.62% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.22x |
1.31x |
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Current asset turnover |
0.44x |
0.58x |
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Fixed-asset turnover |
0.26x |
0.22x |
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Asset Turnover |
0.16x |
0.16x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
18,784 |
23,644 |
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EBITDA |
16,330 |
21,865 |
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Enterprise value |
1,161,066 |
1,093,200 |
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Enterprise Value / EBITDA |
71.10 |
50.00 |
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Bookvalue (BV) |
277,668 |
268,143 |
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Net Cash |
-231,066 |
-230,700 |
| Liquidity Ratios | ||
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Current Ratio |
163.5% |
101.1% |
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Quick ratio |
163.5% |
101.1% |
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Doom's day ratio |
110.93% |
81.07% |
| Leverage Ratios | ||
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Leverage ratio |
244.49% |
237.49% |
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Debt to equity |
144.49% |
137.49% |
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Debt to total assets |
59.1% |
57.89% |
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Long Term Debt to Capital |
47.16% |
42.54% |
| Market ratios | ||
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Market Capitalization/EBITDA |
56.95 |
39.45 |
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Market Cap / Net cash |
-4.02 |
-3.74 |
| Trend Ratios | ||
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Revenue Trend |
111.1% |
127.61% |
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Net Income Trend |
129.54% |
95.35% |
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Operating Income Trend |
79.44% |
102.92% |
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