MIRA
INFORM REPORT
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Report Date : |
23.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SALEH KUDAIMATI |
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Registered Office : |
Harat Al
Jisr Area, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
23rd April 1990 |
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Com. Reg. No.: |
16745, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the
import and distribution of general foodstuff products and cleaning products. |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : SALEH KUDAIMATI
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 23rd April 1990
Commercial Registration Number :
16745,
Membership Number : 1132
Invested Capital : SY Pnds 1,000,000
Total Workforce : 15
Line of Business : Distributors of general foodstuff products and cleaning products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
SALEH KUDAIMATI
ADDRESS
Registered & Physical Address
Location : Harat Al Jisr Area
Town :
Country :
Telephone : (963-33) 523139 / 525680
Facsimile : (963-33) 523139
Email : salh_00005@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Hama.
KEY PRINCIPALS
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Saleh
Abdulrahim Kudaimati Proprietor &
General Manager
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Mamoun
Abdulrahim Kudaimati Assistant
General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 23rd
April 1990
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 16745
Membership No. : 1132
Invested Capital
: SY Pnds 1,000,000
Mr Saleh Abdulrahim Kudaimati 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 import and distribution of
general foodstuff products and cleaning products.
Import Countries
: Europe and the
Operating Trend
: Steady
Subject has a
workforce of 15 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Syrian
Pounds (SY Pnds)
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue SY Pnds 23,870,000 SY Pnds 24,226,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Banque
Bemo
Bad El
Dar El Hokouma
Tel : (963-33) 241692
Fax
: (963-33) 241693
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1990, subject is owned and managed by Mr Saleh Abdulrahim Kudaimati who is well respected in the
local business community.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk.
Maximum suggested
credit figure: US$ 150,000
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. |
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)