MIRA
INFORM REPORT
|
Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AYMAN SHERETIHI |
|
|
|
|
Registered Office : |
Abdul
Ghani Aref Street, Homs |
|
|
|
|
Country : |
Syria |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
19.11. 2006 |
|
|
|
|
Com. Reg. No.: |
42819, Homs |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale and Retail of General
Foodstuff |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 60,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : AYMAN SHERETIHI
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 19th November 2006
Commercial Registration Number : 42819, Homs
Chamber Membership Number : 14536
Invested Capital : SY Pnds 500,000
Total Workforce : 5
Activities : Wholesale and retail of general foodstuff
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 60,000
COMPANY NAME
AYMAN SHERETIHI
ADDRESS
Registered & Physical Address
Location : Abdul
Ghani Aref Street
Town : Homs
Country : Syria
Telephone : (963-31) 2230163
Facsimile : (963-31) 2666029
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
·
Ayman
Ibn Ahmed Sheretihi Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 19th
November 2006
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 42819, Homs
Chamber Member No. : 14536
Invested Capital
: SY Pnds 500,000
Mr Ayman Ibn Ahmed Sheretihi is the sole proprietor of
the business.
AFFILIATED COMPANIES
·
Ayman And
Jamal Eldin Sheretihi
Sheretihi Building
Ibn Khaldoun Street
Jorat Al Shiyah
Homs
Tel: (963-31) 2230163 / 6256921
Fax: (963-31) 2666029
Mob: (963-94) 4570255
OPERATIONS
Activities: Engaged in the wholesale and retail of general foodstuff.
Import
Countries: Asia and China
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Syrian
Pounds (SY Pnds)
Year
Ending 31/12/07:
Total Sales SY
Pnds 28,900,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
Bank of Syria
Branch No. 1
Abbas Street
Homs
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Ayman Sheretihi is
a relatively new business with operations commencing in November 2006. It is engaged
in the wholesale and retail of general foodstuff.
According to local sources subject is making steady progress
in the local business market and nothing detrimental has been reported
regarding the manner in which payments are fulfilled. As such the business is
considered to be a fair trade risk.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.28 |
|
UK Pound |
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.65.69 |
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%)