MIRA
INFORM REPORT
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Report Date : |
23rd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE
ENNOKHBA TACHAROUKIAT |
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Registered Office : |
Souk El‑Arab, Benghazi |
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Country : |
Libya |
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Date of Incorporation : |
2003 |
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Com. Reg. No.: |
14695 |
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Legal Form : |
LTD Partnership |
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Line of Business : |
Miscellaneous food stores retailers |
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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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name
SOCIETE ENNOKHBA TACHAROUKIAT
Registration Briefing
Registration Number: 14695
Registration Date: 2003
Legal Form: LTD PARTNERSHIP
Latest Financials: N/A
Financial Briefing
Nominal Capital: 15,000 Libyan Dinar
Issued Capital: N/A
Turnover: 500,000 Libyan Dinar
Net Profit: 50,000 Libyan Dinar
Net Worth: N/A
Rating Briefing
Current Rating: B
Former Rating: N/A
Current Recommended Credit: 6,500 Euros
Former Recommended Credit: N/A
Rating Trend: POSITIVE
Payment Record: NO COMPLAINTS
Company Details
Rime Reference: 10253333
Company Name: SOCIETE
ENNOKHBA TACHAROUKIAT
Company acronym: SET
Headquarter Address: Souk
El‑Arab,
Benghazi,
Libya
Telephone: +218
912119827
+218
912124192
E‑Mail: mugirby_hmid@yahoo.com,
ellmogherbe@yahoo.com
Company was originally started on 2003
Registration & Legal Details
Current Legal Form: LTD
PARTNERSHIP
Registration Address: Souk
El‑Arab,
Benghazi
Registration Number: 14695
Registration Date: 2003
Year/Date Company Established: 2003
Registration Town: Benghazi
Capital
Currency: Libyan Dinar
Partnership Capital: 15,000
Shareholders
Information on Shareholders is not available/applicable
Principals
Name: Mr Abd El‑Hamid
Ahmed Ali
Position within the company: Partner & General
manager
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Family Connections with: Ali Family (father)
Name: Mr Mansour
Abd El‑Hamid Ahmed Ali
Position within the company: Partner & Deputy
General manager
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Family Connections with: Ali Family (son)
Name: Mr Ahmed
Abd El‑Hamid Ahmed Ali
Position within the company: Deputy General manager
& Limited Partner
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Family Connections with: Ali Family (son)
Name: Mrs. Souad
Abd El‑Hamid Ahmed Ali
Position within the company: Secretary & Limited
Partner
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate
University
Family Connections with: Ali Family
(daughter)
Company Activities
Sic Codes: 5499 Miscellaneous food stores retailers ‑ 100%
The company deals in foodstuffs and other related products.
Local Reporters consider the investigated company to be
SMALL in their field of concern.
Operations
Employees Company Employs: 10
HQ Premises Operates from: Owned Office , Stores
Location: Central Business
Area, Main Road
Branches
Societe Ennokhba Tacharoukiat,
Tripoli,
Libya
Branch is: Owned
Description of branch: Shop
These premises operate as: a distributor, Tel: 218‑912124192,
912119827
Imports
Import % and type of product: 100% Finished Goods
Imports From: Spain,
United Kingdom, Egypt, Tunisia
Importing Terms: Letters
of credit
Additional Information: Importer of
foodstuffs and other products related to the field.
Exports
Export % and type of product: Subject does not export
Trading & Selling
Territory: 100%
Nationally
Type of Customer: Traders,
Wholesalers
Related Companies
Information on Related Companies is not available/applicable
Bankers
Commerce and Development Bank,
Branch: Tripoli
Tripoli,
Libya
Al Goumhorya Bank,
Branch: Benghazi
Benghazi,
Libya
Financial Information
Financial Interview Date: 22/11/2006
Source: Mr. Abd El‑Hamid
Ahmed Ali Partner
Figures are: Estimates
Currency: Libyan Dinar
Months Sales Figures Sales Gross Profit/Loss
Net Profit/Loss
12 31/12/2006
600,000 (Projection) 60,000 (Projection)
12 31/12/2005
500,000.00 50,000
12 31/12/2004
250,000.00 25,000
Payments
Subject's payments reported to
be: NO COMPLAINTS
Interview & Reporter Comments
Date: 22/11/2006
Name/Title: Mr.
Abd El‑Hamid Ahmed Ali Partner
Comment: Subject has
confirmed the general details shown in the report.
Subject has offered brief financial data only and refused to
provide full financial information.
Reporter Comment Date: 22/11/2006
Reporter Comment: In the
interview conducted with Mr. Abd El‑Hamid Ahmed Ali, partner &
general manger, he declined bank account number and further financial
information citing the grounds of company confidentiality.
The business is owned & run by a small group of
individuals. Mr. Abd El‑Hamid
Ahmed Ali & Mr. Mansour Abd El‑Hamid Ahmed Ali ,
partners & general managers, have the authorization to sign &
administrate. However, Mr. Ahmed Abd El‑Hamid Ahmed Ali & Mrs. Souad
Abd El‑Hamid Ahmed Ali have a limited responsibility and have little to
do with the actual business.
Conclusions
Accounts Comments:
Only Brief Financial data has
been obtained by the subject, our assessment and ratings are therefore based on
the reliability of the data obtained.
Local Reputation:
The company being investigated
is considered by local reporters to be a Fair / Normal Trade Risk.
General Conclusion:
Subject not legally obliged to
produce or publish accounts
Owner/Shareholders Comments:
All or most of the owners /
shareholders have an active participation in the running of the business.
Financial Results Trend:
Financial Information indicates
that the business activities of the company are showing an upward turn.
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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