MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
CITY
CENTRE COMMERCIAL CO KSCC |
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Registered Office : |
Arjun Balani Area, Plot No. 8, Blgd No. 21, Office No. 3, |
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Country : |
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Date of Incorporation : |
4th April 1998 |
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Com. Reg. No.: |
72455 |
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Legal Form : |
Kuwaiti Shareholding Company Closed – KSCC |
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Line of Business : |
Engaged as
operators of a commercial centre, as well as providing asset management and
commission agency services. |
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 :
CITY CENTRE COMMERCIAL
CO KSCC
Country of Origin :
Legal Form :
Kuwaiti Shareholding Company Closed - KSCC
Registration Date :
4th April 1998
Commercial Registration Number :
72455
Trade Licence Number :
1536/2006
Membership Number :
55557
Issued Capital :
KD 4,500,000
Paid up Capital :
KD 4,500,000
Total Workforce :
25
Line of Business :
Operators of a
commercial centre, as well as providing asset
management and commission agency services
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
CITY CENTRE
COMMERCIAL CO KSCC
ADDRESS
Registered & Physical Address
Location : Arjun Balani
Area, Plot No. 8, Blgd
No. 21, Office No. 3
PO Box : 28109
Town : Safat 13142
Country :
Telephone : (965) 805222
Facsimile : (965) 4813530
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Safat.
KEY PRINCIPALS
· Adel Yacoub Jassim Al Ghanim Managing
Director
· Faisal Nasser Al Qattam Director
LEGAL FORM &
OWNERS
Date of
Establishment : 4th
April 1998
Legal Form : Sharikat Al
Mouasahama Al Kuwaitia Al Mughlaqa (Kuwaiti Shareholding Company
Closed - KSCC)
Commercial Reg.
No. : 72455
Trade Licence No. : 1536/2006
Membership No. : 55557
Issued Capital : KD 4,500,000
Paid up Capital : KD 4,500,000
Name of Shareholder
(s)
· Adel Yacoub Jassim Al Ghanim
· Faisal Nasser Al Qattam
LINE OF BUSINESS
Operations : Engaged as operators of a commercial centre, as well as providing
asset management and commission agency services.
Subject has a workforce of 25 employees.
FINANCIAL HIGHLIGHTS
Companies registered in
BANKERS
·
Burgan Bank
PO Box : 5875
Safat 13054
Tel : (965)
2410818
Fax : (965)
2410819
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
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 and
the above credit figure is within subject’s financial means.
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/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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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%)