This chapter is from the book
This chapter is from the book
This chapter is from the book
Exhibits
Exhibit 2-1 Dunia Finance LLC: Teams
Strategic Analytics Team |
|
|
Ali Hurbas |
Head, Strategic Analytics |
|
Nesimi Monur |
Industrial engineering background and Hurbas’s first hire |
|
Ram Naveen |
Finance background |
|
Gauri Sawant |
IT background |
|
Maksym Gadomsky |
Applied mathematics degree |
|
Cagatay Dagistan |
Master’s in industrial engineering |
|
Sahil Kumar |
Computer engineering and MBA background |
|
Technology Team |
|
|
Nihad Nazir |
IT Solutions Head |
|
Sameer Tomar |
IT Systems Manager |
|
Marketing Team |
|
|
Mariam El Samny |
Marketing and Products Head |
|
Mohan Prasannakumar |
Asset Products Head |
|
Credit and Collections Team |
|
|
Raman Krishnan |
Chief Risk Officer |
|
Guru Balakrishna |
Credit Policy Head |
|
Shankar Balasubramania |
Collections Head |
|
New Customer Acquisition Team |
|
|
Sanjay Kao |
Consumer Business Head |
|
Neeraj Sehgal |
Sales Head, Abu Dhabi |
|
Pankaj Kundra |
Segment Distribution Head |
|
Sunil Mathews |
Segment Head, Self-Employed Mass Market |
|
Rishi Tandon |
Segment Head, Dunia Gold (Affluent) |
|
Operations Team |
|
|
Barlas Balabaner |
Operations and Technology Director |
|
Muzaffer Hamid |
Operations Head |
|
Owais Qazi |
Unit Head, Credit Operations |
|
Rajat Srivastav |
Unit Head, Operations |
|
Vinod Thomas |
Unit Head, Operations |
|
Raed Shomali |
Contact Center Head |
Source: Dunia. Used with permission.
)
Exhibit 2-2 Dunia Finance LLC: Monies lent by market segment in the United Arab Emirates (2008–2011)
Data source: Dunia annual reports, 2008–2012.
Exhibit 2-3 Dunia Finance LLC: Income Statements 2008–2011 (In Thousands of UAE Dirhams)
Nov. 1, 2006 to Dec. 31, 2008 |
Twelve Months Ended Dec. 31, 2009 |
Twelve Months Ended Dec. 31, 2010 |
Twelve Months Ended Dec. 31, 2011 |
|
Interest income |
5,956 |
39,131 |
86,282 |
153,397 |
Interest expense |
(54) |
(1,227) |
(3,386) |
(12,728) |
Net interest income |
5,902 |
37,904 |
82,896 |
140,669 |
Commission and fee income |
62 |
7,176 |
23,152 |
64,811 |
Other operating income |
194 |
554 |
- |
- |
Operating income |
6,158 |
45,634 |
106,048 |
205,480 |
Impairment charge, net |
(336) |
(25,482) |
(42,174) |
(54,310) |
General and administrative expenses |
(115,046) |
(123,040) |
(140,057) |
(125,655) |
Amortization and depreciation |
(5,037) |
(13,594) |
(11,641) |
(7,398) |
Net Profit (Loss) |
(114,261) |
(116,482) |
(87,824) |
18,117 |
(In Thousands of U.S. Dollars) |
||||
Nov. 1, 2006 to Dec. 31, 2008 |
Twelve Months Ended Dec. 31, 2009 |
Twelve Months Ended Dec. 31, 2010 |
Twelve Months Ended Dec. 31, 2011 |
|
Interest income |
1,621 |
10,651 |
23,486 |
41,755 |
Interest expense |
(15) |
(334) |
(922) |
(3,465) |
Net interest income |
1,606 |
10,317 |
22,564 |
38,290 |
Commission and fee income |
17 |
1,953 |
6,302 |
17,642 |
Other operating income |
53 |
151 |
- |
- |
Operating income |
1,676 |
12,422 |
28,866 |
55,932 |
Impairment charge, net |
(91) |
(6,936) |
(11,480) |
(14,783) |
General and administrative expenses |
(31,304) |
(33,491) |
(38,124) |
(34,203) |
Amortization and depreciation |
(1,371) |
(3,700) |
(3,169) |
(2,014) |
Net Profit (Loss) |
(31,090) |
(31,706) |
(23,906) |
4,931 |
)
)
Exhibit 2-4 Dunia Finance LLC: SAU organizational chart
Source: Dunia company documents. Used with permission.