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MIRA
INFORM REPORT
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Report Date : |
07.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PETROBASH MULTI
ACTIVITIES CO LTD (FUCHS) |
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Registered Office : |
Juba Street, Al
Mamoura Area, P O Box 4220, Khartoum |
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Country : |
Sudan |
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Date of Incorporation : |
1931 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the
manufacture of lubricants, greases and barrels. |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : PETROBASH MULTI ACTIVITIES CO LTD (FUCHS)
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 1931
Issued Capital : SD 1,500,000
Paid up Capital : SD 1,500,000
Total Workforce : 120
Line of Business : Manufacturers of lubricants, greases and barrels.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
PETROBASH MULTI
ACTIVITIES CO LTD (FUCHS)
ADDRESS
Registered & Physical Address
Street : Juba Street
Area : Al Mamoura Area
PO Box : 4220
Town : Khartoum
Country : Sudan
Telephone : (249-183) 212656 / 212657 / 212658
Facsimile : (249-183) 212650
Email : info@fuchs.com.sd
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Central Business Area of Khartoum.
Branch Offices
Subject has branch offices
located in Kosti, Wad Medani and Port Sudan.
KEY PRINCIPALS
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Bashir Hassan
Bashir Managing
Director
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Mohamed Bashir
Hassan Bashir Director
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Yassir Bashir
Hassan Bashir Director
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Ahmed Salem
Lubbat General
Manager
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Abdulaziz
Abdul Qader Finance
Manager
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Nana Mahmoud Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1931
Legal Form :
Limited Liability Company
Issued Capital : SD 1,500,000
Paid up Capital : SD 1,500,000
Name of Shareholder (s)
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Bashir Hassan
Bashir
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Mohamed Bashir
Hassan Bashir
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Yassir Bashir
Hassan Bashir
AFFILIATED COMPANIES
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Bash
Investment Co
Khartoum
LINE OF BUSINESS
Operations : Engaged in the manufacture of lubricants,
greases and barrels.
Import Countries
: Europe and the Far East.
Subject has a
workforce of 120 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in Sudan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside sources.
BANKERS
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Al Mashreq
Bank PSC
PO Box : 371
Baldia Street
Khartoum
Tel : (249-183) 772881
Fax : (249-183) 772969
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1931, subject is involved in the manufacture of lubricants, greases and
barrels.
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$ 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. |
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%)