MIRA
INFORM REPORT
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Report Date : |
26.09.2007 |
IDENTIFICATION DETAILS
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Name : |
BABIKER OIL &
PLASTIC CONTAINERS |
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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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Com. Reg. No.: |
1956, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged as processors of oil and animal feeds. Subject also manufactures
plastic containers for oil. |
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$ 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : BABIKER OIL & PLASTIC CONTAINERS
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1979
Commercial Registration Number :
1956,
Invested Capital : SD 5,000,000
Total Workforce : 90
Line of Business : Processors of oil and animal feeds.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
BABIKER OIL &
PLASTIC CONTAINERS
ADDRESS
Registered & Physical Address
Location : Industrial
Area
PO Box : 4436
Town :
Country :
Telephone : (249-183) 559208
Facsimile : (249-183) 559087
Email : awadbabaiker@yahoo.com
Premises
Subject operates from a large suite of offices and a factory that are rented
and located in the Industrial Area of Khartoum.
KEY PRINCIPALS
·
Babiker
Mohamed Ahmed Proprietor
& General Manager
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Awad
Babiker Assistant
General Manager
LEGAL FORM &
OWNERS
Date of
Establishment : 1979
Legal Form : Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. :
1956,
Invested Capital : SD 5,000,000
Mr Babiker Mohamed Ahmed
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 as processors of oil and animal feeds.
Subject also manufactures plastic containers for oil.
Import Countries : Europe and the
Operating Trend : Steady
Subject has a workforce of 90 employees.
FINANCIAL
HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Sudanese Dinars (SD)
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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Al Baraka Bank
PO Box :
3583
Tel :
(249-183) 783962 / 780688
Fax :
(249-183) 778948
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 750,000:
Established in 1979, subject is owned and managed by Mr Babiker Mohamed Ahmed who is well
respected in the local business community.
The above credit figure is higher than transactions previously seen and
a measure of caution would be prudent.
Maximum suggested credit figure: US$ 300,000
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%)