MIRA INFORM REPORT

 

 

Report Date :

26.09.2007

 

IDENTIFICATION DETAILS

 

Name :

JOHN MICHAEL MANSOURATI

 

 

Registered Office :

Main Street, Al Hassaka

 

 

Country :

Syria

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

21st July 1978

 

 

Com. Reg. No.:

297

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Import and distribution of general foodstuff products and beverages.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 100,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

SUMMARY

 

Company Name                         : JOHN MICHAEL MANSOURATI

Country of Origin                                    : Syria

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 21st July 1978

Commercial Registration Number            : 297

Invested Capital                                     : SY Pnds 1,000,000

Total Workforce                                     : 6

Line of Business                                    : Distributors of general foodstuff products and beverages.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                         : Steady

 

 

 

COMPANY NAME

 

JOHN MICHAEL MANSOURATI

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Main Street

Town                 : Al Hassaka

Country             : Syria

Telephone         : (963-52) 311852

Facsimile          : (963-52) 311852

Mobile               : (963-94) 431142

 

 

Premises

 

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Al Hassaka.

 

 

KEY PRINCIPALS

 

·         John Michael Mansourati                                          Proprietor & General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 21st July 1978

 

Legal Form                  : Mouassasa Khassa (Sole Proprietorship)

 

Commercial Reg. No.  : 297

 

Invested Capital           : SY Pnds 1,000,000

 

Mr John Michael Mansourati 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 general foodstuff products and beverages.

 

Import Countries : Europe and the Far East.

 

Operating Trend : Steady

 

Subject has a workforce of 6 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 22,400,000                              SY Pnds 25,890,000

 

Local sources consider subject’s financial condition to be Fair.

 

 

BANKERS

 

·       Commercial Bank of Syria

Kastel Hajjarin Street

Aleppo

Tel : (963-21) 4239601

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Established in 1978, subject is owned and managed by Mr John Michael Mansourati who is well respected in the local business community.

 

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the business is considered to be a fair trade risk.

 

Maximum suggested credit figure: US$ 100,000

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions