MIRA
INFORM REPORT
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Report Date : |
26.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Al Motaheda
Paint |
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Registered Office : |
Sadoun Street, Misurata |
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Country : |
Libya |
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Date of Incorporation : |
1984 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Manufacture of paints, varnishes, lacquers, enamels ‑ 100% |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name
Al Motaheda
Paint
Registration Briefing
Registration Number: N/A
Registration Date: 1984
Legal Form: PROPRIETORSHIP
Latest Financials: N/A
Financial Briefing
Nominal Capital: N/A
Issued Capital: N/A
Turnover: N/A
Net Profit: N/A
Net Worth:
Company Details
Company Name: Al
Motaheda Paint
Headquarter Address: Sadoun
Street,
Misurata,
Libya
Postal Address: P.O.Box
435,
Misurata
Telephone: +218
51610415
+218 912114456
+218 913124736
Fax: +218
51610415
Company was originally started on 1984
Registration & Legal Details
Current Legal Form: PROPRIETORSHIP
Registration Address: Sadoun Street,
Misurata
Registration Date: 1984
Year/Date Company Established: 1984
Registration Town: Misurata
Capital
Capital is NOT disclosed.
Shareholders
Shareholders:
Name/Address Shares
Held % of Voting/Non‑Voting
capital
Mr. Taher Ahmed, 100.00%
Misurata,
Libya
Principals
Name: Mr. Taher
Ahmed
Position within the company: Proprietor
Town of Birth: Misurata
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate University
Family Connections with: Mr. Taher Ahmed
Family ( Father )
Name: Mr. Khaled
Taher Ahmed
Position within the company: Advertising Manager
Town of Birth: Misurata
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: English
& Arabic
Education: Graduate University
Family Connections with: Mr. Taher Ahmed
Family ( Son )
Company Activities
Sic Codes: 2851 Manufacture
of paints, varnishes, lacquers, enamels ‑ 100%
The company is a manufacturer & distributor of
paints.
The company imports from Egypt, Tunisia, Europe,
Spain, China & USA.
The company does not export.
80% Importer.
20% Local Purchases.
100% Manufacturer.
100% Wholesaler.
Local Reporters consider the investigated company to
be MEDIUM in their field of concern.
Operations
Employees Company Employs: 50
HQ Premises Operates from: Owned Office , Factory, Warehouse
Location: Central Business Area, Main Road
Imports
Import % and type of product: 80% Raw Materials
Imports From: Egypt,
China, Spain, Europe, U S A, Tunisia
Importing Terms: Special
agreements
Additional Information: The company purchases
20% locally, terms of payment is cash.
Exports
Export % and
type of product: Subject does not
export
Trading & Selling
Territory: 100% Nationally
Type of
Customer: General Public,
Wholesaler & Retailers
Related Companies
Information on
Related Companies is not available/applicable
Bankers
Amen Bank of
Commerce & Investment,
Branch:
Misurata
Al Jamaa Al Aly Buildings,
Sanaa Moheidly Street,
Misurata,
Libya
Account Number:
902
Currency: Libyan Dinar
Financial Information
Financial
information is not available/applicable
Payments
Subject's
payments reported to be: UNDETERMINED
Interview & Reporter Comments
Date: 05/03/2007
Name/Title: Mr. Khaled Taher
Ahmed Advertising Manager
Comment: Subject has
confirmed the general details provided in the report but
has
declined to provide any Financial Data.
Reporter Comment Date: 05/03/2007
Reporter Comment: In the
interview conducted with Mr. Khaled Taher Ahmed, advertising
manager,
he declined any financial
information citing the grounds of
company
confidentiality.
The business is owned & run by Mr. Taher Ahmed,
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: Fair Trade Risk
General
Conclusion: Subject not legally
obliged to produce or publish accounts
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%)