Attachment 1
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Report
Update On |
25th August, 2000 |
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Report on |
AMIN SAIF ABDUL GALILI ALI |
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Registered Office |
P. O. Box 4687, Taiz, Yemen Republic |
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Tel. No. |
(967 4) 231 090 |
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Fax No. |
(967 4) 231 090 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
SUMMARY
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Incorporated |
1992 |
Status |
Satisfactory |
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Registration No. |
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Chief Executive |
Mr. Amin Saif Abdul Galil Ali |
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Capital |
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Payments |
Regular |
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Sales (USD) |
500,000 |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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No. of Employees |
2 |
Auditors |
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Credit Rating |
Ba (See attachment 3) |
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ADDRESS
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P. O. Box |
4687 |
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Town |
Taiz |
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Country |
Yemen Republic |
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Telephone |
(967 4) 231 090 |
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Fax |
(967 4) 231 090 |
SENIOR COMPANY PERSONNEL
Name Position
Amin Saif Abdul Galil Ali General Manager / Proprietor
Adeb Anaam Sales Manager
Total Employees : 2
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
We consider it is acceptable to deal with subject for SMALL amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Yemeni importers.
Opinion on maximum credit : YR 2,000,000
PRINCIPAL BANKERS
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NAME |
YEMEN COMMERCIAL BANK |
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Branch |
Main Branch |
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P.O. Box |
4122 |
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Town |
Taiz |
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Telephone |
(967 4) 232821 |
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Fax |
(967 4) 231139 |
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed offered the following information :
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Sales Turnover |
US DLRS 500,000 - 1999 - exact |
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Net Profit |
not given |
LEGAL STATUS AND HISTORY
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Date Started |
1992 |
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Capital |
not applicable |
Proprietorship owned by Amin Saif Abdul Galil Ali
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers, distributors and retailers of agricultural equipment and machinery, and electrical components and spare parts for industrial machinery.
Imports mainly from Far East.
FACILITIES
The Company has the following facilities :
Rented premises comprising one office and a warehouse 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 :
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Feedback – Please tick
the appropriate box.
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Further Comments/Suggestion :
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Company’s Stamp &
Signature