MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TAYUR IMPORT AND
EXPORT EST |
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Registered Office : |
Al Mubarakiya
Area, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1st February 1993 |
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Com. Reg. No.: |
37804, Safat |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the wholesale
and retail of ready made garments. |
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 : TAYUR IMPORT AND EXPORT EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1st February 1993
Commercial Registration Number : 37804, Safat
Trade Licence Number : 1170/95
Membership Number : 11203
Invested Capital : KD 60,000
Total Workforce : 12
Line of Business : Wholesalers and retailers of ready made garments.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
TAYUR IMPORT AND
EXPORT EST
ADDRESS
Registered & Physical Address
Location : Al Mubarakiya Area
PO Box : 1226
Town : Safat 13013
Country :
Telephone : (965) 2416525 / 2430829
Facsimile : (965) 2428707
Email : tayur@kems.net
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Safat.
KEY PRINCIPALS
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Abdullah
Mohamed Mirza Proprietor
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Ahmed
A Mirza General
Manager
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Faisal
A M Mirza Commercial
Manager
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Akil
H Khandwala Sales
Manager
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Laleng Faeiji Administration
Manager
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Saifuddin
A Bubai Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1st
February 1993
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 37804, Safat
Trade
Licence No. : 1170/95
Membership No. : 11203
Invested Capital
: KD 60,000
Mr Abdullah Mohamed Mirza 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 wholesale and retail of
ready made garments.
Import Countries
: Europe and Far East.
Operating Trend
: Steady
Subject has a
workforce of 12 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Kuwaiti
Dinars (KD)
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue KD 885,000 KD
1,060,000
Local sources
consider subject’s financial condition to be Fair.
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
1993, subject is owned and managed by Mr Abdullah Mohamed Mirza who is well respected in the local
business community.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the business 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$ 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%)