MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
INDUSTRIAL
BUILDING & CONSTRUCTION CO KSCC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14th May
1986 |
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Com. Reg. No.: |
12264 |
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Legal Form : |
Kuwaiti Shareholding Company Closed – KSCC |
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Line of Business : |
Engaged in
the manufacture of prefabricated housing units, steel structures and concrete,
including pre-mix. |
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$ 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
SUMMARY
Company Name : INDUSTRIAL BUILDING & CONSTRUCTION CO
KSCC
Country of Origin :
Legal Form :
Kuwaiti Shareholding Company Closed - KSCC
Registration Date : 14th
May 1986
Commercial
Registration Number : 12264
Trade Licence Number : 10140
Membership Number : 543
Issued Capital : KD 1,650,000
Paid up Capital : KD 1,650,000
Total Workforce : 300
Line of Business : Manufacture of prefabricated housing
units, steel structures and
concrete
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
INDUSTRIAL
BUILDING & CONSTRUCTION CO KSCC
ADDRESS
Registered & Physical Address
Location :
PO Box : 23891
Town : Safat 13099
Country :
Telephone : (965) 4674500 / 4674602
Facsimile : (965) 4679503 / 4673545
Email : info@ibc-kw.com
Premises
Subject operates from a large suite of offices and a factory that are
owned and located in the Suburban Business Area of Safat.
KEY PRINCIPALS
· Khaled Mohamed Gonaim Al Shahri Chairman
· Adel Khalifa Al Asousi Managing
Director
· Jassem Abdulaziz Abdullah Al Ammar Director
· Sabir Fadel Al Qassem General
Manager
· Sherif El Eltagy Commercial
Manager
· Atif Khalouf Production
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 14th May 1986
Legal Form : Sharikat Al
Mouasahama Al Kuwaitia Al Mughlaqa (Kuwaiti Shareholding Company
Closed - KSCC)
Commercial Reg.
No. : 12264
Trade Licence No. : 10140
Membership No. : 543
Issued Capital : KD 1,650,000
Paid up Capital : KD 1,650,000
Name of Shareholder
(s)
· Khaled Mohamed Gonaim Al Shahri
· Adel Khalifa Al Asousi
· Jassem Abdulaziz Abdullah Al Ammar
LINE OF BUSINESS
Operations : Engaged in the manufacture of prefabricated housing units, steel
structures and concrete, including pre-mix.
Import Countries :
Subject has a workforce of approximately 300 employees.
FINANCIAL HIGHLIGHTS
Companies registered in
BANKERS
·
National Bank of
PO Box : 95
Safat 13001
Tel : (965) 3981188 / 3981189
Fax : (965) 3985643
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
Industrial
Building & Construction Co KSCC is well established in the local market
with operations dating back over 20 years.
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$ 250,000
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%)