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General Info

SUBJECT

IDENTIFIER CONSTRUCTIONS K.P.S.C

Date
NAME IN LOCAL SCRIPT
شركة ايدنتيفاير كونستراكشون ش.م.ك.ع
Trading Names
IDENTIFIER CONSTRUCTIONS
IDENTIFIER CONSTRUCTIONS (IC)
ايدنتيفاير كونستراكشون
STATUS
Active

CREDIT RATING

Company Size
LARGE
Business Trend
GROWING
Payments
NO COMPLAINTS
Credit Rating
A
Maximum Credit
1500000.00 USD
(+965) 2175 6444 ,(+965) 2484 5621 ,(+965) 2565 3200
(+965) 2796 3289
admin@hlc.com.kw
www.hlc.com.kw
13059
P.O.Box
5561
Town
Safat
Country
Kuwait
Individual
[CRiS No KWP70152098]
[CRiS No KWP70152101]
[CRiS No KWP70152102]
[CRiS No KWP70152103]
[CRiS No KWP70152105]
Kuwaiti Shareholding Company KSC - Public
Chamber of Commerce
Commercial Register
Chamber of Commerce
Chamber of Commerce
Other
0
35021251.00
0
965944.00
36.26
GENERAL SOCIETY FUNDING GROUP [CRiS No KWC70152094]
7.23 %
INTERNATIONAL MEDICAL COMPONENT SERVICES KSCC [CRiS No KWC70152095]
15.76 %
SPECIALIZED PHARMACEUTICAL SUPPLY WLL [CRiS No KWC70152096]
24.55 %
MEMBERS OF THE GENERAL PUBLIC
52.46 %
Standard
UK SIC 2007
Activity
[23.32] - Manufacture of bricks, tiles and construction products, in baked clay (Primary)
[23.31] - Manufacture of ceramic tiles and flags (Secondary)
[23.61] - Manufacture of concrete products for construction purposes (Secondary)
Germany
France
Korea (the Democratic People's Republic Of)
United Kingdom of Great Britain and Northern Ireland (the)
Method of Payment
Other
The Subject's purchasing terms were generally met by L/C and contracts. The Subject's selling terms were generally met by L/C and 30-60 days.
Currency: KWD-Standalone
Balance Sheet
Tangible Fixed Assets
2018/06/30
29,992,303.00
2017/12/31
28,495,498.00
2016/12/31
28,006,931.00
2015/12/31
27,068,220.00
2014/12/31
27,933,591.00
Other Fixed Assets (incl. Financial Fixed Assets)
2018/06/30
34,487,609.00
2017/12/31
39,765,151.00
2016/12/31
42,062,194.00
2015/12/31
42,138,158.00
2014/12/31
41,127,133.00
Fixed Assets
2018/06/30
64,479,912.00
2017/12/31
68,260,649.00
2016/12/31
70,069,125.00
2015/12/31
69,206,378.00
2014/12/31
69,060,724.00
Stocks
2018/06/30
22,723,584.00
2017/12/31
20,781,781.00
2016/12/31
19,611,392.00
2015/12/31
18,675,127.00
2014/12/31
16,380,813.00
Other Current Assets
2018/06/30
9,106,160.00
2017/12/31
4,358,157.00
2016/12/31
3,388,467.00
2015/12/31
9,186,526.00
2014/12/31
6,114,376.00
Debtors
2018/06/30
15,897,612.00
2017/12/31
12,980,249.00
2016/12/31
15,725,835.00
2015/12/31
12,898,091.00
2014/12/31
10,970,349.00
Cash and Cash Equivalent
2018/06/30
3,381,481.00
2017/12/31
7,357,724.00
2016/12/31
4,117,983.00
2015/12/31
3,796,195.00
2014/12/31
8,422,117.00
Current Assets
2018/06/30
51,108,837.00
2017/12/31
45,477,911.00
2016/12/31
42,843,677.00
2015/12/31
44,555,939.00
2014/12/31
41,887,655.00
Total Assets
2018/06/30
115,588,749.00
2017/12/31
113,738,560.00
2016/12/31
112,912,802.00
2015/12/31
113,762,317.00
2014/12/31
110,948,379.00
Capital
2018/06/30
35,058,421.00
2017/12/31
35,021,251.00
2016/12/31
34,924,657.00
2015/12/31
34,793,545.00
2014/12/31
34,675,783.00
Other Shareholders Funds (incl. Reserves)
2018/06/30
54,955,726.00
2017/12/31
55,139,408.00
2016/12/31
55,733,267.00
2015/12/31
60,646,656.00
2014/12/31
57,522,338.00
Shareholders Funds
2018/06/30
90,014,147.00
2017/12/31
90,160,659.00
2016/12/31
90,657,924.00
2015/12/31
95,440,201.00
2014/12/31
92,198,121.00
Other non Current Liabilities (incl. Provisions)
2018/06/30
6,530,624.00
2017/12/31
6,244,190.00
2016/12/31
5,938,122.00
2015/12/31
5,642,348.00
2014/12/31
5,451,300.00
Non Current Liabilities
2018/06/30
6,530,624.00
2017/12/31
6,244,190.00
2016/12/31
5,938,122.00
2015/12/31
5,642,348.00
2014/12/31
5,451,300.00
Other Current Liabilities
2018/06/30
.00
2017/12/31
.00
2016/12/31
530,450.00
2015/12/31
12,679,768.00
2014/12/31
13,196,512.00
Creditors
2018/06/30
19,043,978.00
2017/12/31
17,333,711.00
2016/12/31
15,786,306.00
2015/12/31
2014/12/31
Current Liabilities
2018/06/30
19,043,978.00
2017/12/31
17,333,711.00
2016/12/31
16,316,756.00
2015/12/31
12,679,768.00
2014/12/31
13,298,958.00
Total Shareholders Funds and Liabilities
2018/06/30
115,588,749.00
2017/12/31
113,738,560.00
2016/12/31
112,912,802.00
2015/12/31
113,762,317.00
2014/12/31
110,948,379.00
Loans
2018/06/30
2017/12/31
2016/12/31
2015/12/31
2014/12/31
102,446.00
Income Statement
Operating Revenue / Turnover
2018/06/30
12,525,568.00
2017/12/31
45,141,856.00
2016/12/31
40,997,520.00
2015/12/31
48,215,733.00
2014/12/31
47,644,172.00
Cost of Goods Sold
2018/06/30
-10,546,073.00
2017/12/31
-36,899,995.00
2016/12/31
-32,084,655.00
2015/12/31
-35,057,001.00
2014/12/31
-34,674,677.00
Gross Profit
2018/06/30
1,979,495.00
2017/12/31
8,241,861.00
2016/12/31
8,912,865.00
2015/12/31
13,158,732.00
2014/12/31
12,969,495.00
Financial Profit / Loss
2018/06/30
481.00
2017/12/31
-15,439.00
2016/12/31
924.00
2015/12/31
150,946.00
2014/12/31
-31,005.00
Profit (Loss) before Taxation
2018/06/30
1,714,614.00
2017/12/31
3,239,975.00
2016/12/31
637,687.00
2015/12/31
8,516,407.00
2014/12/31
7,835,399.00
Taxation
2018/06/30
-64,242.00
2017/12/31
-138,660.00
2016/12/31
-58,809.00
2015/12/31
-342,140.00
2014/12/31
-325,603.00
Profit (Loss) for Period
2018/06/30
1,650,372.00
2017/12/31
2,971,315.00
2016/12/31
578,878.00
2015/12/31
8,024,267.00
2014/12/31
7,359,796.00
Extraordinary and other Profit (Loss)
2018/06/30
2017/12/31
-130,000.00
2016/12/31
2015/12/31
-150,000.00
2014/12/31
-150,000.00
Cash Flows
Profit for the year
2018/06/30
2,865,196.00
2017/12/31
2,971,315.00
2016/12/31
578,878.00
2015/12/31
8,024,267.00
2014/12/31
7,359,796.00
Net cash used in operating activities
2018/06/30
815,262.00
2017/12/31
9,668,068.00
2016/12/31
5,173,646.00
2015/12/31
6,662,760.00
2014/12/31
15,171,418.00
Net cash used in investing activities
2018/06/30
-2,079,790.00
2017/12/31
-2,259,607.00
2016/12/31
2,249,048.00
2015/12/31
-7,996,103.00
2014/12/31
-3,659,796.00
Cash from financing activities
2018/06/30
-2,711,715.00
2017/12/31
-4,168,720.00
2016/12/31
-7,100,906.00
2015/12/31
-3,292,579.00
2014/12/31
-6,366,928.00
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
2018/06/30
-3,976,243.00
2017/12/31
3,239,741.00
2016/12/31
321,788.00
2015/12/31
-4,625,922.00
2014/12/31
5,144,694.00
Cash and cash equivalents at beginning of period
2018/06/30
7,357,724.00
2017/12/31
4,117,983.00
2016/12/31
3,796,195.00
2015/12/31
8,422,117.00
2014/12/31
3,277,423.00
Cash and cash equivalents at end of period
2018/06/30
3,381,481.00
2017/12/31
7,357,724.00
2016/12/31
4,117,983.00
2015/12/31
3,796,195.00
2014/12/31
8,422,117.00
The Subject is a LARGE Kuwaiti Public Shareholding Company which was started in February 1997 by local investors and listed on Kuwait Stock Exchange since October 2003 under Ticker (IC). It operates within the materials sector focusing on construction materials. It generated a consolidated Annual Turnover of KWD 45.1 million (USD 148.6 million) with a Net Profit of KWD 2.9 million (USD 9.7 million) in 2017 and a consolidated Total Turnover of KWD 12.5 million (USD 41.2 million) with a Net Profit of KWD 1.6 million (USD 5.4 million) for the half year period ending on 30/06/2018.
The State of Kuwait is a country in Western Asia that shares borders with Iraq and Saudi Arabia. It holds around 4.2 million people in which 70% are emigrants. It is a State with semi-democratic political system and is ranked as one of the top countries with high valued currency in the world.

Kuwait possesses one of the world’s largest proven oil reserves (7% of global resources). It comprises nearly half of the state’s GDP, around 95% of total exports and 90% of the government’s total revenues. Kuwait has a production capacity about 3.150 million barrels per day.

The Gross Domestic Product (GDP) in Kuwait has recorded a growth of 2.5% for the year of 2016 in which the real oil GDP recorded a growth of 1.9% and non oil real GDP a growth of 3.2% in 2016 compared with 2015. However the Kuwait’s GDP has shown a decline of around 1.2% in the half year of 2017 compared with the same period of 2016.

The Country’s Consumer Price Index (CPI) was stable at 113.1 points in November 2017 compared with October 2017. It registered in November 2017 an increase by 1.53% compared with the same period in 2016. .

Kuwait’s total imports decreased by 0.6% to USD 9.2 billion in 2016 compared with USD 9.3 billion in 2015 .

Its total exports decreased by 14.2% to USD 13.9 billion in 2016 compared with USD 16.2 billion in 2015.

Kuwait’s Total revenues registered a decline of 3.9% to KWD 13 billion in year 2016/2017 compared with KWD 13.6 billion in year 2015/2016. In addition, the state’s total expenditure also decreased by 2.9% to KWD 17.7 billion in year 2016/2017 compared with 18.2 billion for the year 2015/2016.
ALTHOUGH THE INFORMATION IN THIS REPORT HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE, NO LEGAL RESPONSIBILITY CAN BE ACCEPTED AND CEDAR ROSE INT. SERVICES LTD ITS EMPLOYEES AND AGENTS CANNOT BE HELD LIABLE FOR ANY INACCURACY OR OPINION CONTAINED IN THIS REPORT. RECIPIENTS SHOULD NOT RELY SOLELY ON THIS REPORT WHEN TAKING CREDIT, FINANCIAL AND OR LEGAL DECISIONS REGARDING THE SUBJECT. THE ORDER OF THIS REPORT CONSTITUTES AGREEMENT TO CEDAR ROSES TERMS AND CONDITIONS, A COPY OF WHICH IS AVAILABLE ON REQUEST OR FROM http://www.cedar-rose.com/terms.php
Company Size
Size
Small
Sales Turnover
Up to USD 3 million
Employees
Up to 50
Credit Opinion
Up to USD 75,000
Size
MEDIUM
Sales Turnover
Up to USD 8 million
Employees
Up to 200
Credit Opinion
Up to USD 300,000
Size
LARGE
Sales Turnover
Over USD 8 million
Employees
Over 200
Credit Opinion
Over USD 300,000
Business Trend
  • GROWING
  • STEADY
  • DECLINING
Payments
  • PROMPT
  • NO COMPLAINTS
  • COMPLAINTS REPORTED
CEDAR ROSE Credit Rating
  • "A" Low risk
  • "B" Medium risk
  • "C" High risk
  • "D" No credit recommended
Final Score : 0 - 26
Business Size
Small
Risk Rating
High Risk
Risk Rating Assessment
The business is more likely to be a SMALL entity with High Risk
Business Size
Medium
Risk Rating
Very High Risk
Risk Rating Assessment
The business could be a MEDIUM-sized or LARGE business with a score less than 26 which makes its Risk Rating: Very High
Final Score : 26.01 - 45
Business Size
Small
Risk Rating
Medium Risk
Risk Rating Assessment
The business is more likely to be a SMALL entity with Medium Risk
Business Size
Medium
Risk Rating
High Risk
Risk Rating Assessment
The business could be a MEDIUM-sized business with a score between 26-45 which makes its Risk Rating: High
Business Size
Large
Risk Rating
Very High Risk
Risk Rating Assessment
The business could be a LARGE business with a score between 26-45 which makes its Risk Rating: Very High
Final Score : 45.01 - 58
Business Size
Medium
Risk Rating
Medium Risk
Risk Rating Assessment
The business is more likely to be a MEDIUM-sized entity with Medium Risk
Business Size
Large
Risk Rating
High Risk
Risk Rating Assessment
The business could be a LARGE business with a score between 45-58 which makes its Risk Rating: High
Final Score : 58.01 - 75
Business Size
Large
Risk Rating
Medium Risk
Risk Rating Assessment
The business is more likely to be a LARGE entity with Medium Risk
Final Score : 75.01 - 100
Business Size
Large
Risk Rating
Low Risk
Risk Rating Assessment
The business is more likely to be a LARGE entity with Low Risk