Attachment 1
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Report
Update On |
9th January, 2002 |
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Report on |
AMEESYA GENERAL TRADING
ESTABLISHMENT |
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Registered Office |
Al Mehtab Complex, Office No. 1, Galeed Al Sheyoukh, Kuwait |
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Tel. No. |
(965) 2574878 |
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Fax No. |
(965) 2574878 |
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Cell No. |
6600360 |
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E-Mail |
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Telex |
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Attachment 2
SUMMARY
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Incorporated |
1989 |
Status |
Satisfactory |
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Registration No. |
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Chief Executive |
Mr. Salman Fareh Al Mutairi |
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Capital (KD) |
150,000 |
Payments |
Regular |
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Sales (KD) |
260,000 |
Litigation |
-- |
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Net Worth |
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Banking Reputation |
Satisfactory |
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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 Mehtab Complex Office No 1 |
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Area |
Galeed Al Sheyoukh |
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Town |
Kuwait |
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Country |
Kuwait |
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Telephone |
(965) 257 4878 / Mobil 6600360 |
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Fax |
(965) 257 4878 |
SENIOR COMPANY PERSONNEL
Name Position
Salman Fareh Al
Mutairi General Manger
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 SMALL amounts.
Opinion on maximum
credit : KD 7,500
PRINCIPAL BANKERS
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NAME |
NATIONAL BANK OF KUWAIT SAK |
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Branch |
Abdullah Al Salem Street |
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P O Box |
95 |
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Town |
Safat 13001 |
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Telephone |
(965) 242 2011 |
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Fax |
(965) 246 4156 |
The company also has
an account with :
Kuwait Finance House
Main branch
P O Box : 24989
Safat 13110
Telephone : (965) 244 5050
Fax : (965) 245 5136
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following
information :
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Sales Turnover |
KD 250,000 - 2000 - exact |
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KD 260,000 - 2001 - approx |
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Net Profit |
not given |
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Total Invested Capital |
KD 150,000 (approx) |
LEGAL STATUS AND HISTORY
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Date Started |
1989 |
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Capital |
not applicable |
Proprietorship owned
by Salman Fareh Al Mutairi
(Kuwaiti national)
ACTIVITIES
The Company is
involved in the following activities :
Trading as importers, wholesalers
and retailers of ladies garments, sewing machines and general merchandise.
Imports from India,
Turkey and France.
FACILITIES
The Company has the
following facilities :
Small size office located
at the heading address as well as four retail outlets throughout Kuwait.
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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Further Comments/Suggestion :
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Company’s Stamp &
Signature