MIRA
INFORM REPORT
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Report Date : |
15th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TASHAROUKIAT FULLA FOR TISSUE MANUFACTURING |
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Registered Office : |
Km. 9, off Tripoli
City, El‑Gefara, Janzour, Tripoli, Libya |
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Country : |
Libya |
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Date of Incorporation : |
2005 |
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Com. Reg. No.: |
1388 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture of
sanitary paper 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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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name
TASHAROUKIAT FULLA FOR TISSUE MANUFACTURING
Registration Briefing
Registration Number : 1388
Registration Date : 2005
Legal Form : PRIVATE LIMITED CO
Latest Financials : N/A
Financial Briefing
Nominal Capital : 15,000 Libyan Dinar
Issued Capital : All
Turnover : 250,000 Libyan Dinar
Net Profit : 25,000 Libyan Dinar
Rating Briefing
Current Rating : Ba
Former Rating : N/A
Current Recommended
Credit : 4,093 US Dollars
Former Recommended
Credit : N/A
Rating Trend : POSITIVE
Payment Record : NO COMPLAINTS
Company Details
Company Name :
TASHAROUKIAT FULLA FOR TISSUE MANUFACTURING
Headquarter Address : Km. 9, off Tripoli City, El‑Gefara,
Janzour, Tripoli, Libya
Telephone : +21821 4893734/ +21891
2124302
Fax : +21821 4893734
Company was
originally started on 2005
Registration & Legal Details
Current Legal Form : PRIVATE
LIMITED CO
Registration Address : Km. 9, off
Tripoli City, El‑Gefara, Tripoli
Registration Number : 1388
Registration Date : 2005
Year/Date Company
Established : 2005
Registration Town : Janzour,
Tripoli
Tax Registration Number : 67 / T 2005
Capital
Currency : Libyan Dinar
Nominal Capital : 15,000
Issued Capital : All
Paid Up Capital : All
Shareholders
Shareholders:
Name/Address Shares
Held % of Voting/Non‑Voting
capital
Mr. Ismail Al‑Sowy
Abd El‑Salam 50.00% (VOTING)
(Principal
Shareholder),
Tripoli,
Libya
Mr. Abd El‑Salam
Abdallah Ben 250.00% (VOTING)
Al‑Zereyah,
Tripoli,
Libya
Mrs. Fatma Al‑Sowy
Abd El‑Salam, 25.00% (VOTING)
Tripoli,
Libya
Principals
Name :
Mr Ismail El‑Sowy Abd El‑Salam
Position within the
company : Chairman
Country of Birth : Libya
Nationality :
Libyan
Can fluently speak : Arabic &
English
Education :
Graduate University
Relationship with other
Companies : Tafawq for Importing
Electrical Home Appliances
Family Connections with : Abd El‑Salam Family
Name :
Mr Abd El‑Salam Abdallah Ben Al‑Zereyah
Position within the
company : Managing
director
Country of Birth : Libya
Nationality :
Libyan
Can fluently speak : Arabic &
English
Education :
Graduate University
Family Connections with : Abd El‑Salam Family
Name :
Mr Ahmed Al‑Sowy Abd El‑Salam
Position within the
company : General
manager
Country of Birth : Libya
Nationality :
Libyan
Can fluently speak : Arabic &
English
Education :
Graduate University
Family Connections with : Abd El‑Salam Family
Company Activities
Sic Codes: 2676 Manufacture
of sanitary paper products ‑ 100%
The company is a
manufacturer of all kind of sanitary paper products.
The company is a
manufacrurer of kitchen paper products.
The company imports its
production requisites from Turkey, Tunisia, Algeria & China.
Local Reporters
consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 9
HQ Premises Operates from: Owned
Offices , Factory, Warehouse
Premises Size : 500
square meters
2020 square meters site
Location : Industrial
Area, Main Road
Imports
Import % and type of
product : 100% Finished Goods
Imports From : Turkey, Tunisia,
Algeria, China
Importing Terms : Cash against documents
Additional Information : Letters Of Credit 30%.
The company imports its
production products & equipments.
Exports
Export % and type of
product: Subject does not export
Trading & Selling
Territory: 100% Nationally
Type of Customer: Wholesalers & Retailers
Related Companies
Affiliates
Tafawq for Importing
Electrical
Home Appliances
Janzour, Libya Embassy
Area, Tripoli, Libya
Start Date : 2004
Operates as: ‑The
company is an importer & wholesaler of all kind of electrical home
supplies.
‑The company
imports its products from China & Turkey.
‑The company
registry number: 1122
‑The company
legal form: Joint Stock.
‑The company
nominal capital: 100.000 LD.
‑The company
turnover for 2006: 2.000.000 LD.
‑The company
deals with
‑ Aman Bank: main
branch, Acc: 5188, Currency: LD.
‑ Gomhoreya Bank:
main branch, Acc: 59165, Currency: LD.
‑Web Site:
www.tafawq.com
‑E‑Mail:
info@tafawq.com
Related through: common
principals and shareholders
Bankers
AMAN Bank,
Branch: Main
Branch / Al‑Emad
Tripoli, Libya
Account Number : 5213
Currency : Libyan Dinar
Gomhoreya Bank,
Branch: El‑Solaim
Branch
Tripoli, Libya
Account Number : 70244
Currency : Libyan Dinar
Financial Information
Financial Interview
Date : 13/02/2007
Source : Mr.
Ahmed Al‑Sowy Abd El‑Salam General manager
Figures are : Official
Figures
Currency : Libyan
Dinar
Months Sales Figures Sales Gross Profit/Loss Net
Profit/Loss
12 31/12/2007 450,000 (Projection) 45,000
(Projection)
12 31/12/2006 250,000.00 25,000
12 31/12/2005 150,000.00 15,000
Payments
Subject's payments
reported to be: NO COMPLAINTS
Interview & Reporter Comments
Date : 13/02/2007
Name/Title : Mr. Ahmed El‑Sowy Abd El‑Salam
General manager
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: 13/02/2007
Reporter Comment
In the interview
conducted with Mr. Ahmed Al‑Sowy Abd El‑Salam, general manager, he
declined further financial information citing the grounds of company
confidentiality.
It was confirmed that
the invested company capital was 500.000 LD.
The company industrial
registry number: 862.
The company E‑Mail:
fulla2005@lttnet.net
Company's shares are not
freely transferable and are not bought and sold on the stock market.
Local company’s
registry is inaccessible to inspect subject's file, therefore, all the
information shown in the report is through a direct contact with the subject
you are investigating.
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:
Local informants
consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments:
Some 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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