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Buruj Cooperative Insurance company - BCIC (بروج للتأمين التعاوني )
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Buruj Cooperative Insurance company (بروج للتأمين التعاوني ) Headquarters BURUJ Cooperative Insurance Company P.O. Box 40997, Riyadh 11511 ; Riyadh City; Al Riyadh |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Ernst & Young (2012) Tel: +966 (1) 2938383-293565 |
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Company Description |
| Buruj Cooperative Insurance Company is a Saudi Joint Stock company and was established in accordance with Council of Ministers Resolution No. 313 dated 27/10/1429H (corresponding to 28/10/2008G) and Royal Decree No. M/72 dated 28/10/1429H (corresponding to 29/10/2008G). Buruj's insurance experience in the market goes back to 1979 when it was operating through a local agent under the name of Saudi Pearl Insurance Company (registered in Bahrain). After the issuance of Insurance Regulations in the Kingdom, | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -43.20%, from SAR 93,986.471 thousands to SAR 53,384.99 thousands. Operating result increased from SAR -25,048.007 thousands to SAR -15,422.821 thousands which means 38.43% change. The results of the period increased 45.23% reaching SAR -15,879.404 thousands at the end of the period against SAR -28,991.698 thousands last year. Return on equity (Net income/Total equity) went from -28.70% to -18.65%, the Return On Asset (Net income / Total Asset) went from -14.46% to -7.57% and the Net Profit Margin (Net Income/Net Sales) went from -30.85% to -29.75% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 146.40% compared to 98.43% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.11 to 0.80 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 |
279,217 |
209,757 |
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Current Assets |
82,358 |
92,925 |
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Total Liabilities |
211,998 |
124,628 |
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Shareholders Equity |
67,219 |
85,128 |
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Current Liabilities |
196,859 |
116,832 |
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| * All the accounts are in SAR. | ||
Income Statement
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Total Operating Revenue |
233,540 |
103,803 |
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Operational Profit (Loss) |
-20,139 |
-15,422 |
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Net Profit (Loss) |
-19,000 |
-15,774 |
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| * All the accounts are in SAR. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-6.8% |
-7.52% |
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Annualised Return on Assets (ROA) |
-6.8% |
-7.52% |
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Return on Equity (ROE) |
-28.27% |
-18.53% |
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Annualised Return on Equity (ROE) |
-22.32% |
-15.62% |
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Return on Sales (ROS) |
-8.14% |
-15.2% |
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Return on Capital |
-24.45% |
-16.6% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
-8.62% |
-14.86% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
7.36x |
2.75x |
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Current asset turnover |
2.84x |
1.12x |
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Fixed-asset turnover |
1.19x |
0.89x |
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Asset Turnover |
0.84x |
0.49x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-20,139 |
-15,422 |
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EBITDA |
-20,139 |
-15,422 |
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Enterprise value |
94,285 |
55,575 |
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Enterprise Value / EBITDA |
-4.68 |
-3.60 |
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Bookvalue (BV) |
67,219 |
85,128 |
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Net Cash |
-94,285 |
-55,575 |
| Liquidity Ratios | ||
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Current Ratio |
41.84% |
79.54% |
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Quick ratio |
41.84% |
79.54% |
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Doom's day ratio |
59.8% |
59.1% |
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Cash Flow to Debt |
-1.25% |
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| Leverage Ratios | ||
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Leverage ratio |
415.38% |
246.4% |
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Debt to equity |
315.38% |
146.4% |
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Debt to total assets |
75.93% |
59.42% |
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Long Term Debt to Capital |
18.38% |
8.39% |
| Trend Ratios | ||
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Revenue Trend |
224.98% |
524.17% |
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Net Income Trend |
120.45% |
53.04% |
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Operating Income Trend |
130.58% |
61.57% |
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