MIRA
INFORM REPORT
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Report Date : |
14th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
AL
WALEED YOUSIF AHMED (TOYS TRADING ENTERPRISES) |
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Registered Office : |
Akram
Prair Building, 1st Floor, Al Souq, Omdurman, Sudan |
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Country : |
Sudan |
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Date of Incorporation : |
1986 |
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Com. Reg. No.: |
761 |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Wholesalers and retailers of toys and related accessories. |
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$
100,000 |
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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 WALEED YOUSIF AHMED (TOYS TRADING ENTERPRISES) |
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Country of Origin |
Sudan |
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Legal Form |
Sole Proprietorship |
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Registration Date |
1986 |
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Commercial Registration Number |
761 |
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Invested Capital |
SD 1,500,000 |
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Total Workforce |
6 |
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Line of Business |
Wholesalers and retailers of toys and related accessories. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
AL
WALEED YOUSIF AHMED (TOYS TRADING ENTERPRISES)
ADDRESS
Registered & Physical Address
Building : Akram Prair Building, 1st
Floor
Area : Al Souq
Town : Omdurman
Country : Sudan
Telephone : (249-187) 464640
Facsimile : (249-187) 464649
Email : toystrading@hotmail.com
Premises
Subject
operates from a small suite of offices that are rented and located in the
Central Business Area of Omdurman.
KEY PRINCIPALS
·
Al
Waleed Yousif Ahmed Proprietor
& General Manager
·
Refaat
El Sheikh Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1986
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 761
Invested
Capital : SD 1,500,000
Mr Al
Waleed Yousif Ahmed 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
wholesale and retail of toys and related accessories.
Import
Countries :
Europe and GCC countries.
Subject
has a workforce of 6 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 38,000,000 SD
42,000,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Tadamon
Islamic Bank
PO Box : 846
Omdurman
Tel : (249-187) 577330
Fax : (249-187) 555733
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000:
Established
in 1986, subject is involved in the wholesale and retail of toys and related
accessories.
Local
sources report that payment obligations are met in a generally timely manner
and the operating history is clear. As such the company is deemed a fair trade
risk and the above credit figure is considered to be within subject’s financial
means.
Maximum
suggested credit figure of: US$ 100,000
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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