MIRA
INFORM REPORT
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Report Date : |
05.05.2007 |
IDENTIFICATION DETAILS
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Name : |
CHARIKAT EL IKD EL FARIDA LESTIRAD FOR FOODSTUFF |
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Registered Office : |
Al |
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Country : |
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Date of Incorporation : |
2002 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Trading as importers, wholesalers and distributors of foodstuff. |
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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Maximum Credit Limit : |
LD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
CHARIKAT EL IKD EL FARIDA
LESTIRAD FOR FOODSTUFF (Correct)
CHARIKAT EL IKD EL FARIDA
LESTIRADI (Requested)
ADDRESS
Building :
Al
Area : Hai Al Andalus
Town :
Country :
Telephone :
(218 21) 478 0863
Fax : (218 21) 478 2862
E-Mail : salahzayed@alshouf.com
SENIOR COMPANY
PERSONNEL
Name Position
Salah Zayed General Manager / Owner
Total Employees
2 (administrative)
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, in view of the lack of
financial information international suppliers may prefer to exercise some
caution.
Opinion on maximum credit
: LD 20,000
Trade risk assessment :
It is normal accepted
practice for international suppliers to deal on secured terms with Libyan
importers.
PRINCIPAL BANKERS
NAME :
NATIONAL COMMERCIAL BANK SAL
Branch :
PO Box :
2553
Town :
Telephone : (218 21) 444 1168-9 / 444 6019-20
Fax :
(218 21) 333 7196
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND
HISTORY
Date Started : 2002
Capital : not applicable
Proprietorship owned by
Salah Zayed.
ACTIVITIES
The Subject is involved
in the following activities :
Trading as importers,
wholesalers and distributors of foodstuff.
Imports from
FACILITIES
The Subject has the
following facilities :
Office premises and
warehousing facilities located at the heading address.
SPECIAL NOTE
Please note the address given
by you, El Maouad El Ghirdhaia, in incorrect.
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%)