MIRA
INFORM REPORT
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Report Date : |
05.10.2007 |
IDENTIFICATION DETAILS
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Name : |
BILAL IBRAHIM |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
23rd January 1991 |
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Com. Reg. No.: |
22705, Lattakia |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the wholesale
and retail of general foodstuff products, including tea, sugar, rice, lentils
and tinned food. |
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 : BILAL IBRAHIM
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 23rd January 1991
Commercial Registration Number : 22705, Lattakia
Invested Capital : SY Pnds 2,500,000
Total Workforce : 5
Line of Business : Wholesalers and retailers of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
BILAL IBRAHIM
ADDRESS
Registered & Physical Address
Location : Al Horreya Street
PO Box : 663
Town : Lattakia
Country : Syria
Telephone : (963-41) 464002 / 464003
Facsimile : (963-41) 464004
Email : metro-sy@scs-net.org
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Lattakia.
KEY PRINCIPALS
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Bilal
Bashir Ibrahim Proprietor
& General Manager
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Feras
Sheban Ibrahim Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 23rd
January 1991
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 22705,
Lattakia
Invested Capital
: SY Pnds 2,500,000
Mr Bilal Bashir
Ibrahim 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 wholesale and retail of
general foodstuff products, including tea, sugar, rice, lentils and tinned
food.
Import Countries
: Europe and the Far East.
Brand Names : LEO
Operating Trend
: Steady
Subject has a
workforce of 5 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 22,750,000 SY Pnds 25,100,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Societe
General Cyprus Ltd (International Banking Unit)
7-9 Grivas Dighenis Avenue
PO Box 25400
Nicosia 1309
Cyprus
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Commercial
Bank of Syria
Main Branch
Lattakia
Tel : (963-41) 232070
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1991, subject is owned and managed by Mr Bilal Bashir Ibrahim who is well
respected in the local business community.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such 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%)