MIRA
INFORM REPORT
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Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Libda
Company for Import Chemicals & Oil Drilling Equipment |
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Registered Office : |
El Daawa El Islamia Bldg., |
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Country : |
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Date of Incorporation : |
03/2006 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of chemicals and
allied products. Importer and wholesaler of chemicals
used in the exploration process of oil and gas. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Registration Briefing
Registration Number: N/A
Registration Date: 03/2006
Legal Form: PRIVATE LIMITED CO
Latest Financials: N/A
Financial Briefing
Nominal Capital: 100,000
Libyan Dinar
Issued Capital: All
Turnover: N/A
Net Profit: N/A
Net Worth:
Original Investigation
Details
Company Name: LIBDA CO. FOR IMPORT
Country: LI
Street Name: CHEMICALS 7 OIL DRILLING
EQUIPMENT, DAWA ISALAMIA
City Code:
Post Code: BUILDING, FL
Phone Number: 218619081361
Fax Number: 218619081361
Company Details
Company Name: Libda Company for Import
Chemicals & Oil Drilling Equipment
Headquarter Address: El Daawa El Islamia Bldg.,
Telephone: +21861 9081361
+21891 3260963
+21891 3824611
Fax: +21861 9081361
E‑Mail: libdadf@yahoo.com
Company was originally started
on 03/2006
Registration &
Legal Details
Current Legal Form: PRIVATE LIMITED
CO
Registration Address: El Daawa El Islamia
Bldg.,
Registration Date: 03/2006
Year/Date Company Established: 03/2006
Capital
Currency: Libyan Dinar
Nominal Capital: 100,000
Issued Capital: All
Paid Up Capital: All
Shareholders
Shareholders:
Name/Address Shares
Held % of Voting/Non‑Voting
capital
Mr. Thabet El Rabieey
(Principal Shareholder),
Mr. Marawan Mohamed Bou Hady, Holds balance of shares
Mr. Thabet El Rabieey's Family,
Holds balance of shares
Mr. Marawan Mohamed Bou Hady's Holds balance of shares
Family,
Principals
Name: Mr. Thabet El Rabieey
Position within the company: Chairman
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Name: Mr. Marawan Mohamed Bou
Hady
Position within the company: Managing Director
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Name: Mr. Mohamed Thabet El
Rabieey
Position within the company: Purchasing Manager
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Company Activities
Sic Codes: 5169 Wholesaler of
chemicals and allied products ‑ 100%
The company is an importer and
wholesaler of chemicals used in the exploration process of oil and gas.
The company imports from
The company doesn't export.
100% Importer.
100% Wholesaler.
Local Reporters consider the
investigated company to be SMALL in their field of concern.
Operations
Employees Company
Employs: 12
HQ Premises Operates
from: Owned Office
Location: Central Business Area,
Branches El Hawary,
Branch is: Owned
Description of branch: Warehouse
Ganfoda,
Branch is: Owned
Description of branch: Warehouse
Imports
Import % and type of product: 100% Finished Goods
Imports From:
Importing Terms: Special agreements
Exports
Export % and type of product: Subject does not export
Trading & Selling
Territory: 100% Nationally
Type of Customer: Oil & Gas Companies
Related Companies
Information on Related Companies
is not available / applicable
Financial Information
Financial information is not
available / applicable
Payments
Subject's payments reported to be
: UNDETERMINED
Interview &
Reporter Comments
Date: 01/07/2007
Name/Title: Mr. Marawan Mohamed Bou Hady Managing
Director
Comment: Subject has confirmed the general
details provided in the report but has declined
to
provide any Financial Data.
Reporter Comment Date: 01/07/2007
Reporter Comment: The reported that the
company's full name was 'Libda Company for Import
Chemicals & Oil Drilling Equipment'.
It was reported that the company's full address "El
Daawa El Islamia Bldg., Al
In the interview conducted with Mr. Marawan Mohamed Bou
Hady, managing
director, he declined C. R. number, bankers and any
financial information citing
the grounds of company confidentiality.
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: Full Financial Statements were
unavailable to local analysts so a complete and
accurate
picture of the financial strength of the company could not be
ascertained.
Our assessment and ratings are therefore based on non‑financial
data.
Local Reputation: Local informants have not
adequate information to assess the Subject's local reputation.
General Conclusion: Informants advise suitable
assurances or guarantees.
Owner/Shareholders
Comments: Some of the owners / shareholders have
an active participation in the running of
the
business.
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%)