MIRA
INFORM REPORT
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Report Date : |
28th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMED ZARZOUR EST |
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Registered Office : |
Bouzrieh, Dakakin Area 1013, Damascus, Syria |
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Country : |
Syria |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
1968 |
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Com. Reg. No.: |
11041, Damascus |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of general foodstuff products and beverages. |
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$ 50,000 |
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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 |
MOHAMED ZARZOUR EST |
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Country of Origin |
Syria |
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Legal Form |
Sole Proprietorship |
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Registration Date |
1968 |
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Commercial Registration Number |
11041, Damascus |
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Membership Number |
22367 |
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Invested Capital |
SY Pnds 1,000,000 |
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Total Workforce |
4 |
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Line of Business |
Distributors of general foodstuff products and beverages. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
MOHAMED ZARZOUR EST
ADDRESS
Registered & Physical Address
Location : Bouzrieh, Dakakin Area
PO Box : 1013
Town : Damascus
Country : Syria
Telephone : (963-11) 2217145 / 2236170
Facsimile : (963-11) 2249120
Email : zarzour.co@net.sy
Premises
Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Damascus.
KEY PRINCIPALS
Mohamed Kamel Zarzour Proprietor & General Manager
Khairi Khalifa Assistant General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1968
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 11041, Damascus
Membership No. : 22367
Invested Capital : SY Pnds 1,000,000
Mr Mohamed Kamel Zarzour 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.
AFFILIATED COMPANIES
Zarzour Co
Bouzrieh, Dakakin Area
PO Box : 1013
Damascus
Tel : (963-11) 2217145 / 2236170
Fax : (963-11) 2249120
Al Beshir for Trade & Industry
Bouzrieh, Dakakin Area
PO Box: 1013
Damascus
Tel: (963-11) 2217145 / 2236170
Fax: (963-11) 2249120
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of general foodstuff products and
beverages.
Import Countries : Europe and the Far East.
Operating Trend : Steady
Subject has a workforce of 4 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Syrian Pounds (SY Pnds)
Year Ending 31/12/04 : Year Ending 31/12/05 :
Total Revenue SY Pnds 21,000,000 SY Pnds 24,000,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
Commercial Bank of Syria
Mouawia Street
PO Box : 2231
Damascus
Tel : (963-11) 2225870
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1968, subject is owned and managed by Mr Mohamed Kamel Zarzour who is well respected in the local business community.
Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the business is deemed a fair trade risk.
Maximum suggested credit figure: US$ 50,000
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 |