Attachment 1
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Report
Update On |
5th October, 2002 |
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Report on |
AL SALHIYA COMBINED GROUP TRADING
COMPANY WLL |
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Registered Office |
Al Hilaliya Building, Al Salliya Soor Street, P. O. Box 53, Hawally
32006, Kuwait |
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Tel. No. |
(965) 2448024 |
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Fax No. |
(965) 2448023 |
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Mobile |
9068068 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
SUMMARY
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Incorporated |
1994 |
Status |
Good |
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Registration No. |
58006 |
Chief Executive |
Mr. Saleh Salam Saleh Al Huwaidi |
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Capital (KD) |
30,000 |
Payments |
No Complaints |
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Sales (KD) |
1,500,000 |
Litigation |
Clear |
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Net Worth (KD) |
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Banking Reputation |
Unknown |
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No. of Employees |
20 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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ADDRESS
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Building |
Al Hilaliya Building |
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Street |
Al Salliya Soor Street |
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P.
O. Box |
537 |
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Town |
Hawally 32006 |
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Country |
Kuwait |
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Telephone |
(965) 244 8024 / Mobile 906 8068 |
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Fax |
(965) 244 8023 |
SENIOR COMPANY PERSONNEL
Name Position
1] Saleh Salman Saleh Al Huwaidi Managing Director
2] Wael Al Huwaidi Director
3] Badr El Badr Financial Manager
4] M. Navin Business Development Manager
Total Employees : 20
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
We consider it is acceptable to deal with subject for MEDIUM amounts.
Opinion on maximum credit : KD 25,000
PRINCIPAL BANKERS
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NAME |
GULF BANK KSC |
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Branch |
Mubarak Al Kabir Street |
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P O
Box |
3200 |
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Town |
Safat 13032 |
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Telephone |
(965) 244 9501 |
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Fax |
(965) 244 5212 |
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed offered the following information :
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Sales
Turnover |
KD 1,500,000 – 2001 – approx |
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Net
Profit |
not given |
LEGAL STATUS AND HISTORY
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Date
Started |
1994 |
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C.
R. No. |
58006 |
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Chamber
Of Commerce Membership No. |
21980 |
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Capital |
KD 30,000 |
Limited Liability Company with the following directors and shareholders :
1] Saleh Salman Saleh Al Huwaidi
2] Wael Al Huwaidi
(son of the above)
ACTIVITIES
The Company is involved in the following activities :
Building contractors for residential and commercial premises.
Imports from Far East and European countries.
FACILITIES
The Company has the following facilities :
Premises comprising administraive offices and storage facilities located at the heading address.
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an
extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. Maybe drawn to slightly
difficult position as unfavourable conditions arise. Minimal assurance for
timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
Small |
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11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any suggestion
to help us improve our reports and services, please do not hesitate to let us
know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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FAIR |
POOR |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature