MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION DETAILS
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Name : |
YAQOUBY
INTERNATIONAL |
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Registered Office : |
Villa
170, |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
2nd August 1990 |
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Com. Reg. No.: |
25337 |
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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, beverages and
energy drinks. |
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
Company Name : YAQOUBY INTERNATIONAL
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 2nd August 1990
Commercial Registration Number : 25337,
Membership Number : 840
Invested Capital : BD 50,000
Total Workforce : 25
Line of Business : Distributors of general foodstuff products, beverages and
energy drinks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
YAQOUBY
INTERNATIONAL
ADDRESS
Registered & Physical Address
Building : Villa 170
Street :
Area : Area No. 337
PO Box : 1524
Town :
Country :
Telephone : (973-17) 740230 / 740600 / 710458
Facsimile : (973-17) 740600
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Manama.
KEY PRINCIPALS
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Nizam Mohamed Saleh Yaqouby Proprietor
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John Oommen General
Manager
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Jan B Magdaraog Commercial
Manager
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Ali Abraham Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2nd August 1990
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 25337,
Membership No. : 840
Invested
Capital : BD 50,000
Mr Nizam
Mohamed Saleh Yaqouby 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.
AFFILIATED COMPANIES
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Yaqouby Stores Co WLL
Bab Al Bahrain Building
PO Box : 158
Tel : (973-17) 210956 / 210983
Fax : (973-17) 210959
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of general foodstuff products, beverages and energy
drinks.
Import
Countries :
Europe and the
International
Suppliers :
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Power Horse
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Nirapara Kairulla
Operating
Trend : Steady
Subject
has a workforce of 25 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Bahraini Dinar (BD)
Year Ending
31/12/04 : Year
Ending 31/12/05 :
Total
Revenue BD 535,000 BD
582,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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National Bank of
Government Road
PO Box : 106
Tel : (973-17) 258800
Fax : (973-17) 263876
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Government Road
PO Box : 5240
Tel : (973-17) 231402
Fax : (973-17) 275734
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 1990, subject is owned and managed by Mr Nizam Mohamed Saleh Yaqouby who is
well respected in the local business community.
Local
sources report that the subject’s operating history is clear with payment
obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed 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/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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