MIRA
INFORM REPORT
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Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
AHMED SALIH FOR INDUSTRIAL & CULTURAL INPUT |
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Registered Office : |
Aro Printers
Building, Sinkat Street, PO Box: 1915, Khartoum, Sudan |
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Country : |
Sudan |
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Date of Incorporation : |
2002 |
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Legal Form : |
General Partnership |
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Line of Business : |
Engaged in the
production of paper and stationery items. |
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 : |
Usually Correct |
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Litigation : |
Clear |
SUMMARY
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Company Name |
AHMED SALIH FOR INDUSTRIAL & CULTURAL INPUT |
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Country of Origin |
Sudan |
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Legal Form |
General Partnership |
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Registration Date |
2002 |
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Partners Capital |
SD 2,500,000 |
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Total Workforce |
20 |
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Line of Business |
Producers of paper and stationery items. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
AHMED SALIH FOR INDUSTRIAL
& CULTURAL INPUT
ADDRESS
Registered & Physical Address
Building : Aro Printers Building
Street : Sinkat Street
PO Box : 1915
Town : Khartoum
Country : Sudan
Telephone : (249-183) 776383 / 782461
Facsimile : (249-183) 772643
Email : khalidaro1@yahoo.com
Premises
Subject operates
from a small suite of offices and a factory that are rented and located in the
Central Business Area of Khartoum.
KEY PRINCIPALS
·
Khalid Ahmed
Salih Managing
Partner
·
Ahmed Salih Partner
·
Abdul Qader
Farhan Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2002
Legal Form :
General Partnership
Partners Capital : SD 2,500,000
Name of Partner (s)
·
Khalid Ahmed Salih
·
Ahmed Salih
AFFILIATED COMPANIES
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Aro Printers
Aro Printers Building
Sinkat Street
PO Box : 1915
Khartoum
Tel : (249-183) 776383 / 782461
Fax : (249-183) 772643
LINE OF BUSINESS
Operations : Engaged in the production of paper and
stationery items.
Import Countries
: Europe and the Far East.
Operating Trend
: Steady
Subject has a
workforce of 20 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Sudanese
Dinars
Year
Ending 31/12/04 : Year
Ending 31/12/05 :
Total Revenue SD 111,000,000 SD 118,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Al Baraka Bank
PO Box : 3583
Khartoum
Tel : (249-183) 783962 /
780688
Fax : (249-183) 778948
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
2002, subject is involved in the production of paper and stationery items.
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$ 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%)