MIRA
INFORM REPORT
|
Report Date : |
06.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
El Tarek |
|
|
|
|
Registered Office : |
El
Andalus Distrect, Tripoli |
|
|
|
|
Country : |
Libya |
|
|
|
|
Date of Incorporation : |
1995 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Wholesaler
of women's, children's and infants' clothing Wholesaler
of footwear |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name
El Tarek
Registration Briefing
Registration
Number : N/A
Registration
Date : 1995
Legal
Form : PROPRIETORSHIP
Latest
Financials : N/A
Financial Briefing
Nominal
Capital : 140,000 US Dollars
Issued
Capital : N/A
Turnover : N/A
Net
Profit : N/A
Net
Worth :
Rating Briefing
Current
Rating : Ba
Former
Rating : N/A
Current
Recommended Credit : N/A
Former
Recommended Credit : N/A
Rating
Trend : RATING TRENDS CANNOT BE CONFIRMED
Payment
Record : UNDETERMINED
Rating Definition
Ba FAIR CREDIT QUALITY
This
rating is based on available data. In the event of additional information a
possibility for a different rating applies.
Company Details
Company
Name : El
Tarek
Headquarter
Address : El Andalus Distrect,
Tripoli,
Libya
Telephone : +21891 2182400
+21892 2189767
+21892 5653450
Company
was originally started on 1995
Registration &
Legal Details
Current
Legal Form : PROPRIETORSHIP
Registration
Date : 1995
Year/Date
Company Established : 1995
Registration
Town : Tripoli
Capital
Currency: US Dollars
Nominal
Capital: 140,000
Shareholders
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting
capital
100.00% (VOTING)
Mr.
Khaled Abdul Salam Salem,
Tripoli,
Libya
Principals
Name : Mr. Khaled Abdul Salam Salem
Position
within the company : Proprietor
Town of
Birth : Tripoli
Country
of Birth : Libya
Nationality : Libyan
Can
fluently speak : English & Arabic
Education : Graduate University
Name : Mrs. Omaima Abd El Salam
Position
within the company : Deputy General Manager
Town of
Birth : Tripoli
Country
of Birth : Libya
Nationality : Libyan
Can
fluently speak : English & Arabic
Education : Graduate University
Company Activities
Sic Codes: 5137 Wholesaler
of women's, children's and infants' clothing ‑ 50%
5139 Wholesaler of
footwear ‑ 50%
The
company is an importer & Wholesaler of clothes, shoeses and accesories.
The
company imports from Italy, China, Thaikand, Daubai & Morocoo.
The
company does not export.
100%
Importer.
100%
Wholesaler.
Local
Reporters consider the investigated company to be SMALL in their field of
concern.
Operations
Employees Company Employs: 11
HQ
Premises Operates from: Owned Office
Location: Central Business Area, Main Road
Branches Sawany,
Tripoli,
Libya
Description
of branch: Warehouse
Imports
Import %
and type of product : 100% Finished Goods
Imports
From : Morocco, Dubai, U A E, Thailand,
China, Italy
Importing
Terms : Cash
Exports
Export %
and type of product: Subject does not
export
Trading & Selling
Territory : 100% Nationally
Type of
Customer : General Public, Retailers
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 : 01/03/2007
Name/Title : Mr.
Khaled Abdul Salam Salem Proprietor
Comment : Subject
has confirmed the general details provided in the report but has declined to
provide any Financial Data.
Reporter
Comment Date: 01/03/2007
Reporter
Comment : It was confirmed that the company full name is 'El Tarek'
& the supplied address
&
the bank within the original query does not related to the company.
In the interview conducted with Mr. Khaled Abdul Salam
Salem, proprietor, he
declined bankers and any financial information citing the
grounds of company
confidentiality.
The business is owned & run by Mr. Khaled Abdul Salam Salem, proprietor,
who is fully responsible to cover all of the debts of the
business.
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: Subject not
legally obliged to produce or publish accounts
Owner/Shareholders
Comments: All or most of the owners / shareholders have an active participation
in the
running of the business.
Age of
Business: The
company is long established in the local market.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)