MIRA
INFORM REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
AL HALABI &
CO GOLD STONE |
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Registered Office : |
Avenue El Saida
Zeineb, Dibla Area, P O Box 47, Damascus |
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Country : |
Syria |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
6499, Damascus |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import
and distribution of ceramics, tiles and sanitary ware products. |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
SUMMARY
Company Name : AL HALABI & CO GOLD STONE
Country of Origin : Syria
Legal Form : Limited Liability Partnership
Registration Date : 1994
Commercial Registration Number : 6499, Damascus
Issued Capital : SY Pnds 2,500,000
Paid up Capital : SY Pnds 2,500,000
Total Workforce : 10
Line of Business : Import and distribution of ceramics, tiles and sanitary ware products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL HALABI & CO
GOLD STONE
ADDRESS
Registered & Physical Address
Street : Avenue El Saida Zeineb
Area : Dibla Area
PO Box : 47
Town : Damascus
Country : Syria
Telephone : (963-11) 5444947
Facsimile : (963-11) 5444947
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Damascus.
KEY PRINCIPALS
·
Maher Ibn
Hussain Al Halabi Managing
Partner
·
Mrs Nahid Al
Faioumi Partner
·
Mohamed
Sharbaji Sales
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1994
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 6499,
Damascus
Issued Capital : SY Pnds 2,500,000
Paid up Capital : SY Pnds 2,500,000
Name of Partner (s)
·
Maher Ibn
Hussain Al Halabi
·
Mrs Nahid Al
Faioumi *
* Mrs Nahid Al Faioumi is the
wife of Mr Maher Ibn Hussain Al Halabi
LINE OF BUSINESS
Operations: Engaged in the import and distribution of
ceramics, tiles and sanitary ware products.
Import
Countries: Tunisia
International
Suppliers:
·
Samoseer Tunisia
·
Soseer Tunisia
Operating Trend: Steady
Subject has a
workforce of 10 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 20,200,000 SY Pnds 21,910,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Commercial
Bank of Syria
Mouawia Street
PO Box : 2231
Damascus
Tel : (963-11) 2225870
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Al Halabi & Co
Gold Stone has been in business for over a decade and specialises in the import
and distribution of ceramics, tiles and sanitary ware products.
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$ 100,000
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%)