MIRA
INFORM REPORT
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Report Date : |
27.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ZARZOUR CO |
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Registered Office : |
Bouzrieh, Dakakin
Area, P O Box 1013, Damascus |
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Country : |
Syria |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1964 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the
import, packaging, wholesale and retail of general foodstuff, including tea and
coffee, sugar, rice, spices, herbs and tomato paste. |
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
Company Name : ZARZOUR CO
Country of Origin : Syria
Legal Form : Limited Liability Partnership
Start Date : 1964
Registration Date : 1999
Issued Capital : SY Pnds 5,000,000
Paid up Capital : SY Pnds 5,000,000
Total Workforce : 50
Line of Business : Import, packing, wholesale and retail of general foodstuff.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ZARZOUR CO
ADDRESS
Registered & Physical Address
Location : Bouzrieh, Dakakin Area
PO Box : 1013
Town : Damascus
Country :
Syria
Telephone : (963-11) 2217145 / 2236170
Facsimile : (963-11) 2249120
Mobile : (963-93) 8212476
Email : sales@zarzoursyria.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Damascus.
KEY PRINCIPALS
·
Kamel Mohamed
Zarzour Managing
Partner
·
Beshir Mohamed
Zarzour Partner
·
Mohamed
Zarzour Partner
LEGAL FORM &
OWNERS
Date of Establishment : Subject’s
operations date back to 1964, however it was registered in 1999.
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4235,
Damascus
Issued Capital : SY Pnds 5,000,000
Paid up Capital : SY Pnds 5,000,000
Name of Partner (s)
·
Kamel Mohamed
Zarzour
·
Beshir Mohamed
Zarzour
·
Mohamed
Zarzour
AFFILIATED COMPANIES
·
Al Beshir for
Trade & Industry
Bouzrieh, Dakakin Area
PO Box: 1013
Damascus
Tel: (963-11) 2217145 / 2236170
Fax: (963-11) 2249120
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Mohamed
Zarzour Est
Bouzrieh, Dakakin Area
PO Box: 1013
Damascus
Tel: (963-11) 2217145 /
2236170
Fax: (963-11) 2249120
LINE OF BUSINESS
Operations: Engaged in the import, packaging, wholesale
and retail of general foodstuff, including tea and coffee, sugar, rice, spices,
herbs and tomato paste.
Import
Countries: Brazil and Sri
Lanka
Brand Names: ZARZOUR
Operating Trend: Steady
Subject has a
workforce of 50 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Syrian
Pounds (SY Pnds)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue SY Pnds 142,000,000 SY Pnds 156,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Commercial
Bank of Syria
Yousef Azmeh Square
PO Box : 3655
Damascus
Tel : (963-11) 2225100
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Bank of Syria
& Overseas
Harika Branch
Damascus
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Zarzour Co has been
in business since 1964 and is well known in the local business community. It
specialises in the import, packaging, wholesale and retail of general foodstuff
products under the brand name of “Zarzour”.
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.
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%)