MIRA
INFORM REPORT
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Report Date : |
27.09.2007 |
IDENTIFICATION DETAILS
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Name : |
CAPITAL TRANSPORT
EST |
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Registered Office : |
Al Mameer Area, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1959 |
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Com. Reg. No.: |
6570/2 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the
import and distribution of buses and related spare parts. |
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$ 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : CAPITAL TRANSPORT EST
Country of Origin :
Legal Form :
Sole Proprietorship
Start Date :
1959
Registration Date : 22nd
April 1981
Commercial
Registration Number : 6570/2
Membership Number : 2853
Invested Capital : BD 50,000
Total Workforce : 240
Line of Business :
Distributors of buses
and related spare parts.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
CAPITAL TRANSPORT
EST
ADDRESS
Registered & Physical Address
Location : Al Mameer Area
PO Box : 5514
Town :
Country :
Telephone : (973-17) 701116
Facsimile : (973-17) 700090
Premises
Subject operates
from a large suite of offices and a warehouse that are owned and located in the
Industrial Area of Manama.
KEY PRINCIPALS
·
Ahmad
Hassan Ali Yateem Bucheeri Proprietor &
General Manager
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I
V Venugopal Transport
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1959, however
subject was registered on 22nd April 1981
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 6570/2
Membership No. : 2853
Invested Capital
: BD 50,000
Mr Ahmad Hassan Ali Yateem Bucheeri 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 buses and related spare parts.
Subject also
operates passenger bus services.
Import Countries
:
International
Suppliers :
·
Ashok
·
Aeolus Auto Industry
·
Guilin
Coach Factory
Operating Trend
: Steady
Subject has a
workforce of 240 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 3,290,000 BD
3,500,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Gulf
International Bank BSC
Al
PO Box : 1017
Tel : (973-17) 534000 / 534300
/ 530030
Fax : (973-17) (973) 522633 /
522530 / 522629
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1959, subject is owned and managed by Mr Ahmad Hassan Ali Yateem Bucheeri 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 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$ 250,000
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%)