MIRA
INFORM REPORT
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Report Date : |
26.09.2007 |
IDENTIFICATION DETAILS
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Name : |
ALOSMANY FOR
GRANULES PVC |
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Registered Office : |
Industrial Area, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1979 |
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Legal Form : |
General Partnership |
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Line of Business : |
Engaged in the
manufacture of plastic granules, PVC and plastic injection products. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 500,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : ALOSMANY FOR GRANULES PVC
Country of Origin :
Legal Form : General Partnership
Registration Date : 1979
Partners Capital : SD 3,000,000
Total Workforce : 85
Line of Business : Manufacturers of plastic granules, PVC and plastic
injection products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ALOSMANY FOR
GRANULES PVC
ADDRESS
Registered & Physical Address
Location : Industrial Area
PO Box : 820
Town :
Country :
Telephone : (249-187) 552433
Facsimile : (249-187) 567834
Email : imam67@gmail.com
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Omdurman.
KEY PRINCIPALS
·
Murtada
Osman Ahmed Imam Managing
Partner
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Osman
Ahmed Imam Partner
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Ahmed
Osman Ahmed Imam Partner
LEGAL FORM &
OWNERS
Date of Establishment : 1979
Legal Form :
General Partnership
Partners Capital : SD 3,000,000
Name of Partner (s)
·
Murtada Osman Ahmed Imam
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Osman
Ahmed Imam
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Ahmed
Osman Ahmed Imam
LINE OF BUSINESS
Operations : Engaged in the manufacture of plastic
granules, PVC and plastic injection products.
Import Countries
: Europe and the
Operating Trend
: Steady
Subject has a
workforce of 85 employees.
FINANCIAL
HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Sudanese
Dinars
Year
Ending 31/12/05 : Year
Ending 31/12/06 :
Total
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Tadamon
Islamic Bank
PO Box : 846
Tel : (249-187) 577330
Fax : (249-187) 555733
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 3,000,000:
Established in
1979, subject is involved in the manufacture of plastic granules, PVC and
plastic injection products.
The above credit
figure is higher than transactions previously seen and a measure of caution
would be prudent.
Maximum suggested
credit figure: US$ 500,000
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%)