MIRA
INFORM REPORT
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Report Date : |
20th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
AL TAIB MUSTAFA BABIKIR |
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Registered Office : |
Al Gamma Street 2691, Khartoum Sudan |
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Country : |
Sudan |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
1985 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of general foodstuff
products and batteries. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 80,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
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Company Name |
AL TAIB MUSTAFA BABIKIR |
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Country of Origin |
Sudan |
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Legal Form |
Sole Proprietorship |
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Registration Date |
1985 |
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Invested Capital |
SD 6,000,000 |
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Total Workforce |
5 |
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Line of Business |
Distributors of general foodstuff products and batteries. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
AL TAIB MUSTAFA BABIKIR
ADDRESS
Registered & Physical Address
Location : Al Gamma Street
PO Box : 2691
Town : Khartoum
Country : Sudan
Telephone : (249-183) 772142
Facsimile : (249-183) 771517
Mobile : (249-912) 608808
Email : hafiz785@hotmail.com
Premises
Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Khartoum.
KEY PRINCIPALS
Al Taib Mustafa Babikir Proprietor & General Manager
Hafiz Al Sayed Assistant General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1985
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Invested Capital : SD 6,000,000
Mr Al Taib Mustafa Babikir is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of general foodstuff products and batteries.
Import Countries : Europe and the Far East.
Subject has a workforce of 5 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Sudanese Dinars (SD)
Year Ending 31/12/04 : Year Ending 31/12/05 :
Total Revenue SD 48,000,000 SD 53,800,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
Sudanese French Bank
Main Branch
Khartoum
Tel : (249-183) 555535
Fax : (249-183) 555640
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000:
Established in 1985, subject is owned and managed by Mr Al Taib Mustafa Babikir who is well respected in the local business community.
During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the business is considered to be a fair trade risk.
Maximum suggested credit figure: US$ 80,000
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 |