MIRA
INFORM REPORT
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Report Date : |
03.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ABHA
INTERNATIONAL TRADING |
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Registered Office : |
Block 523, Office
No. 876, Road 2329, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
9th February 2002 |
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Com. Reg. No.: |
48208 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and distribution
of medical equipment, detergents and cleaning materials. |
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 : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : ABHA INTERNATIONAL TRADING
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 9th February 2002
Commercial Registration Number : 48208
Membership Number : 11300
Invested Capital : BD 60,000
Total Workforce : 8
Line of Business : Distributors of medical equipment, detergents and cleaning materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ABHA INTERNATIONAL
TRADING
ADDRESS
Registered & Physical Address
Location : Block 523, Office No. 876
Street : Road 2329
PO Box : 30244
Town :
Country :
Telephone : (973-17) 793022
Facsimile : (973-17) 793023
Premises
Subject operates from
a small suite of offices and a warehouse that are rented and located in the
Central Business Area of Saar.
KEY PRINCIPALS
·
Abdullah
Ali Mohamed Zeid Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 9th
February 2002
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 48208
Membership No. : 11300
Invested Capital
: BD 60,000
Mr Abdullah Ali Mohamed Zeid is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
medical equipment, detergents and cleaning materials.
Import Countries
: Europe and the
Operating Trend
: Steady
Subject has a
workforce of 8 employees.
FINANCIAL
HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Bahraini
Dinar (BD)
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue BD 790,000 BD
850,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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National
Bank of
Government Road
PO Box : 106
Tel : (973-17) 258800
Fax : (973-17) 263876
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
2002, subject is owned and managed by Mr Abdullah Ali Mohamed Zeid who is well respected in the local
business community.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed 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. |
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%)