MIRA
INFORM REPORT
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Report Date : |
17.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SCRAPMOULD WLL |
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Registered Office : |
Building No. 1546, Road No. 5141, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
20th March 1984 |
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Com. Reg. No.: |
14555, |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Engaged in the
import and distribution of scrap metals. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : SCRAPMOULD WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 20th March 1984
Commercial Registration Number :
14555,
Issued Capital : BD 75,000
Paid up Capital : BD 75,000
Total Workforce : 45
Line of Business : Distributors of scrap metals.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
SCRAPMOULD WLL
ADDRESS
Registered & Physical Address
Building : Building No.
1546
Street : Road No.
5141
PO Box : 1208
Town :
Country :
Telephone : (973-17) 270439
Facsimile : (973-17)
230614
Email : bramco@batelco.com.bh
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Manama.
KEY PRINCIPALS
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Vine
Divan Managing Director
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Jalat
Anand Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 20th
March 1984
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 14555,
Issued Capital : BD 75,000
Paid up Capital : BD 75,000
Name of Shareholder
(s) Percentage
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Vine
Divan 100%
AFFILIATED COMPANIES
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Building
Raw Material Co WLL
Tel : (973-17) 717006
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
scrap metals.
Import Countries
:
Operating Trend
: Steady
Subject has a
workforce of 45 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Bahraini
Dinars (BD)
Year
Ending 31/12/05 : Year Ending
31/12/06 :
Total Revenue BD
2,700,000 BD
3,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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British
Bank of the
PO Box : 57
Tel : (973-17) 224555
Fax : (973-17) 226822
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit
figure of US$ 150,000:
Established in
1984, subject is involved in the import and distribution of scrap metals.
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$ 200,000
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%)