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MIRA
INFORM REPORT
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Report Date : |
06.06.2007 |
IDENTIFICATION DETAILS
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Name : |
KIRBY BUILDING
SYSTEMS COMPANY KSC (C) |
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Registered Office : |
Shuaiba
Industrial Area, |
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Country : |
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Date of Incorporation : |
22nd December 1975 |
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Com. Reg. No.: |
22938, Safat |
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Legal Form : |
Kuwaiti Shareholding Company Closed – KSCC |
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Line of Business : |
Engaged in the
manufacture of steel structures and buildings. |
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$ 600,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : KIRBY BUILDING SYSTEMS COMPANY KSC (C)
Country of Origin :
Legal Form : Kuwaiti Shareholding Company Closed - KSCC
Registration Date : 22nd December 1975
Commercial Registration Number : 22938, Safat
Trade Licence Number : 10573
Membership Number : 4814
Issued Capital : KD 2,000,000
Paid up Capital : KD 2,000,000
Total Workforce : 600
Line of Business : Manufacturers of steel structures and buildings.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
KIRBY BUILDING
SYSTEMS COMPANY KSC (C)
ADDRESS
Registered & Physical Address
Location : Shuaiba Industrial Area
PO Box : 23933
Town : Safat 13100
Country :
Telephone : (965) 3261716 / 3262800 / 3262600 / 4842988
Facsimile : (965) 3261793 / 3261798
Email : kirby@alghanim.com
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Safat.
KEY PRINCIPALS
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Jassim
Mohamed Abdullah Al Roziyahan Chairman
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Nabil
Sleiman General
Manager
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Yousef
Kobbs Commercial
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 22nd
December 1975
Legal Form :
Kuwaiti Shareholding
Company (Closed) – KSCC
Commercial Reg. No. : 22938
Trade
Licence No. : 10573
Membership No. : 4814
Issued Capital : KD 2,000,000
Paid up Capital : KD 2,000,000
Name of Shareholder
(s)
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Al
Ghanim Industries
PO Box : 24172
Safat 13102
Tel : (965) 4881111
Fax : (965) 4847244
LINE OF BUSINESS
Operations : Engaged in the manufacture of steel
structures and buildings.
Subject is ISO
9001:2000 accredited.
Import Countries
:
Subject has a
workforce of approximately 600 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in
BANKERS
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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:
Established in
1975, subject is involved in the manufacture of steel structures and buildings.
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$ 600,000
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%)