MIRA
INFORM REPORT
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Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MAMOUN ALI MOHAMED ASHAMULLAH CO FOR DEVELOPMENT |
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Registered Office : |
Industrial
Area, Khartoum South, PO Box : 5016, Khartoum, Sudan |
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Country : |
Sudan |
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Date of Incorporation : |
1977 |
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Com. Reg. No.: |
27464, Khartoum |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importer
and Distributors of tractors and related spare parts,
heavy machinery and agricultural tools. |
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 |
MAMOUN ALI MOHAMED ASHAMULLAH CO FOR DEVELOPMENT |
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Country of Origin |
Sudan |
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Legal Form |
Limited Liability Company |
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Registration Date |
1977 |
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Commercial Registration Number |
27464, Khartoum |
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Issued Capital |
SD 1,500,000 |
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Paid up Capital |
SD 1,500,000 |
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Total Workforce |
6 |
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Line of Business |
Distributors of tractors and related spare parts, heavy machinery and agricultural tools. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
MAMOUN
ALI MOHAMED ASHAMULLAH CO FOR DEVELOPMENT
ADDRESS
Registered & Physical Address
Location : Industrial Area, Khartoum South
PO Box : 5016
Town : Khartoum
Country : Sudan
Telephone : (249-183) 460245
Facsimile : (249-183) 560148
Email : ascho19@hotmail.com
Premises
Subject
operates from a small suite of offices and a warehouse that are owned and
located in the Industrial Area of Khartoum.
KEY PRINCIPALS
·
Mamoun
Ali Mohamed Ashamullah Managing
Director
·
Mohamed
Mamoun Ali Mohamed Ashamullah Director
LEGAL FORM & OWNERS
Date of Establishment : 1977
Legal Form : Limited Liability Company
Commercial Reg. No. : 27464, Khartoum
Issued
Capital : SD 1,500,000
Paid
up Capital : SD 1,500,000
Name of Shareholder (s)
·
Mamoun
Ali Mohamed Ashamullah
·
Mohamed
Mamoun Ali Mohamed Ashamullah
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of tractors and related spare parts, heavy machinery
and agricultural tools.
Import
Countries :
Italy, United Kingdom and the United States of America.
Brand
Names : FORD,
MASSEY FERGUSON, BMC and FIAT.
Operating
Trend : Steady
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 57,200,000 SD
63,800,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Bank
of Khartoum
8 Gamhouria Avenue
PO Box : 1008
Khartoum
Tel : (249-183) 772880
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000:
Established
in 1977, subject is involved in the import and distribution of tractors and
related spare parts, heavy machinery and agricultural tools.
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: 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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