MIRA
INFORM REPORT
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Report Date : |
13.06.2007 |
IDENTIFICATION DETAILS
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Name : |
MAHMOUD BAROUDI |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
3rd July 1990 |
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Com. Reg. No.: |
53202, |
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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. |
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 : MAHMOUD BAROUDI
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 3rd July 1990
Commercial Registration Number :
53202,
Invested Capital : SY Pnds 4,000,000
Total Workforce : 8
Line of Business : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
MAHMOUD BAROUDI
ADDRESS
Registered & Physical Address
Street : Al Sham Street
Area : Al Masharaqa Area
PO Box : 1537
Town :
Country : Syria
Telephone : (963-21) 2225954 / 2249592
Facsimile : (963-21) 2225954
Email : bshar.b@mail.sy
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in the
Central Business Area of Aleppo.
KEY PRINCIPALS
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Mahmoud
Ibn Mohamed Hekmet Baroudi Proprietor & General
Manager
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Bashar
Ibn Mohamed Hekmet Baroudi Assistant
General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 3rd
July 1990
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 53202, Aleppo
Invested Capital
: SY Pnds 4,000,000
Mr Mahmoud Ibn Mohamed Hekmet Baroudi 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.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
general foodstuff products.
Import Countries
: Europe and GCC countries.
Operating Trend
: Steady
Subject has a
workforce of 8 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Syrian
Pounds (SY Pnds)
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue SY Pnds 62,300,000 SY Pnds 65,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Commercial
Bank of
Kastel Hajjarin Street
Aleppo
Tel : (963-21) 4239601
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1990, subject is owned and managed by Mr Mahmoud Ibn Mohamed Hekmet Baroudi 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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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%)