MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMED GASSAN AL JISRI |
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Registered Office : |
Souq Al Hasaba, Homs |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
29.06.1980 |
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Com. Reg. No.: |
10516,
Homs |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Import and
Distribution of Building Materials, Flooring
System, Carpets, Cars Accessories and
Spare Parts |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 30,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MOHAMED GASSAN AL JISRI
Country of Origin : Syria
Legal Form :
Sole Proprietorship
Registration Date : 29th
June 1980
Commercial
Registration Number : 10516, Homs
Invested Capital : SY Pnds
250,000
Total Workforce : 4
Activities :
Import and distribution of building materials,
flooring system, carpets, cars
accessories and spare parts
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 30,000
COMPANY NAME
MOHAMED GASSAN AL JISRI
ADDRESS
Registered & Physical Address
Location : Souq Al Hasaba
Town : Homs
Country : Syria
Telephone : (963-31) 2227925 / 2223825
Facsimile : (963-31) 2451152
Mobile : (963-94) 4460165
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Homs.
KEY PRINCIPALS
Name Position
· Mohamed
Gassan Al Jisri Proprietor
& General Manager
· Ayman
Al Nifawi Assistant
General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 29th
June 1980
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 10516, Homs
Invested Capital : SY Pnds 250,000
Mr Mohamed Gassan Al Jisri is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of building materials, flooring system, carpets, cars accessories
and spare parts.
Import Countries: India and China
Operating Trend: Steady
Subject has a workforce of 4 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Syrian Pounds (SY Pnds)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Sales SY
Pnds 5,500,000 SY Pnds
5,800,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Bank Syria and Overseas
Homs
Tel:
(963-31) 453925
Fax:
(963-31) 453936
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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.
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%)