MIRA
INFORM REPORT
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Report Date : |
16th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
AL AWAEL S.A.E |
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Registered Office : |
Omaer El‑Mukhtar,
Zaouia, Tripoli, Libya |
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Country : |
Libya |
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Legal Form : |
Private Joint Stock Co |
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Line of Business : |
Wholesaler of computers and peripheral equipment and software |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME
AL AWAEL S.A.E
Registration Briefing
Registration Number: N/A
Registration Date: N/A
Legal Form: PRIVATE JOINT STOCK
CO
Latest Financials: N/A
Financial Briefing
Nominal Capital: N/A
Issued Capital: N/A
Turnover: N/A
Net Profit: N/A
Net Worth: N/A
Rating Briefing
Current Rating: B
Former Rating: N/A
Current Recommended
Credit: N/A
Former Recommended
Credit: N/A
Rating Trend: RATING TRENDS CANNOT
BE CONFIRMED
Payment Record: NO COMPLAINTS
Rating Definition
B LOW
CREDIT QUALITY
Suggests possibility of significant credit risk. Assurances should
be sought regarding ability to meet financial commitments.
This rating is based
on available data. In the event of additional information a possibility for a
different rating applies.
Company Details
Reference: 10249493
Company Name: AL
AWAEL S.A.E
Headquarter Address: Omaer El‑Mukhtar,
Zaouia,
Tripoli,
Libya
Telephone: +218
214841200
Fax: +218
214841300
E‑Mail: libya@igl.com.tn
Web Site: www.versus.com.tn
Registration & Legal Details
Current Legal Form: PRIVATE JOINT
STOCK CO
Registration Address: Omaer El‑Mukhtar,
Zaouia
Registration Town: Tripoli
Capital
Capital is NOT
disclosed.
Shareholders
Information on
Shareholders is not available/applicable
Principals
Name: Mr
Ahmed Massoud
Position within the
company: Chairman
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Name: Mr
Saleh Abd El‑Rahman
Additional
Information: General
Representative of the company.
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Name: Mr
Ahmed Amin
Position within the
company: Sales
Manager
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Company Activities
Sic Codes: 5045 Wholesaler of computers and peripheral equipment and
software ‑ 100%
The company deals in
the following:
‑ Computers.
‑ Computer
accessories.
‑ computer
cables.
‑ Computer
parts.
‑ PC
Components.
‑ Laptop
computers.
‑ Notebooks
motherboards.
‑ Processors.
‑ CPU’s.
‑ Other
products related to the field.
The company is an
importer of the Aforementioned products.
The company imports
mainly from England, Europe, Dubai, Italy, Tunisia, France.
Local Reporters
consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 150
HQ Premises Operates from: Owned Offices , Warehouse
Location: Central Business Area, Main Road
Imports
Import % and type of
product: 100% Finished
Goods
Imports From: Europe,
England, Dubai, U A E, Italy, Tunisia, France
Importing Terms: Letters
of credit
Additional
Information: Cash.
Importer of computers
and other products related to the field.
Exports
Export % and type of
product: Subject does
not export
Trading & Selling
Territory: 100%
Nationally
Type of Customer: General
Public, Group Companies, Wholesalers, Traders, Retailers
Related Companies
Information on
Related Companies is not available/applicable
Bankers
Central Bank of
Libya,
Branch: Tripoli
Tripoli,
Libya
Relationship with
Bank: is
reported to be normal
Additional Information: Unofficial
sources within banks have stated reported nothing detrimental about this
company. Their accounts are in order.
Financial Information
Financial information
is not available/applicable
Payments
Subject's payments
reported to be: NO COMPLAINTS
No
record has been found of protested bills against the
subject.
Interview & Reporter Comments
Date: 14/06/2006
Name/Title: Mr.
Ahmed Amin Sales Manager
Comment: Subject
has confirmed the general details shown in the report.
Company
Officials have refused to co‑operate with local
reporters
in confirming/providing information.
Reporter Comment
Date: 14/06/2006
Reporter Comment: In the
interview conducted with Mr. Ahmed Amin, sales
manager,
he declined bank account number, capital,
shareholders
and any financial information citing
the
grounds of company confidentiality.
Conclusions
Accounts Comments: Full Financial
Statements were unavailable to local analysts so a complete and accurate
picture of the financial strength of the company could not be ascertained. Our
assessment and ratings are therefore based on non‑financial data.
Local Reputation: The
company being investigated is considered by local reporters to be a Fair /
Normal Trade Risk.
RATING EXPLANATIONS
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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. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |