MIRA
INFORM REPORT
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Report Date : |
23rd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
G AND H A A E COMPANY FOR CONTRACTING AND INVESTMENT LTD |
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Registered Office : |
Khartoum
North Industrial Area, PO Box: 580, Khartoum, Sudan. |
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Country : |
Sudan |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Engaged
as general building construction and maintenance contractors. |
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 |
G AND H A A E COMPANY FOR CONTRACTING AND INVESTMENT LTD |
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Country
of Origin |
Sudan |
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Legal
Form |
Limited Liability Company |
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Registration
Date |
2001 |
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Issued
Capital |
SD 20,000,000 |
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Paid
up Capital |
SD 20,000,000 |
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Total
Workforce |
60 |
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Line
of Business |
General building construction and maintenance contractors. |
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Financial
Condition |
Undetermined |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
G AND H
A A E COMPANY FOR CONTRACTING AND INVESTMENT LTD
ADDRESS
Registered & Physical Address
Location : Khartoum North Industrial Area
PO Box : 580
Town : Khartoum
Country : Sudan
Telephone : (249-185) 5281544
Facsimile : (249-185) 5281544
Mobile : (249-912) 130842
Email : gamalandhussam@hotmail.com
Premises
Subject
operates from a medium sized suite of offices and a factory that are rented and
located in the Industrial Area of Khartoum.
KEY PRINCIPALS
·
Gamal
Ahmed Abdullah Al Sayed Managing
Director
·
Hussam
Ahmed Abdullah Al Sayed Director
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Abdullah
Mostafa Abdullah Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2001
Legal Form : Limited Liability Company
Issued
Capital : SD 20,000,000
Paid
up Capital : SD 20,000,000
Name of Shareholder (s)
·
Gamal
Ahmed Abdullah Al Sayed
·
Hussam
Ahmed Abdullah Al Sayed
LINE OF BUSINESS
Operations
: Engaged as
general building construction and maintenance contractors.
Subject
also operates a factory for the manufacture of tiles, marble and granite
products.
Import
Countries :
Europe and GCC countries.
Subject has
a workforce of 60 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
·
Omdurman
National Bank
PO Box : 11522
Khartoum
Tel : (249-183) 770400
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000:
Established
in 2001, subject operates as general building construction and maintenance
contractors. Subject also operates a factory for the manufacture of tiles,
marble and granite products.
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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