MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMED ANAS JOUD |
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Registered Office : |
44 Omar Bin El Khattab Street, Al Hafaa
Area, Mafraq, PO Box 219, Lattakia |
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Country : |
Syria |
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Date of Incorporation : |
06.12.2003 |
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Com. Reg. No.: |
28145 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Fabrication of Steel Structures as well as the Import of Steel Products |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MOHAMED ANAS JOUD
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 6th December 2003
Commercial Registration Number : 28145
Chamber Membership Number : 13778
Invested Capital : SY Pnds 1,500,000
Total Workforce : 100
Activities : Fabrication of steel structures as well as the import of steel products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
MOHAMED ANAS JOUD
ADDRESS
Registered &
Physical Address
Street : 44 Omar Bin
El Khattab Street
Area : Al Hafaa Area, Mafraq
PO Box : 219
Town : Lattakia
Country : Syria
Telephone : (963-41) 741940 / 741941/ 741942
Facsimile : (963-41) 741220
Email : joud@net.sy
Premises
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Suburban Business Area of Lattakia.
KEY PRINCIPALS
Name Position
· Mohamed
Anas Joud Proprietor
& General Manager
· Zayad
Hassons Assistant
General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 6th
December 2003
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 28145
Chamber Member No. : 13778
Invested Capital : SY Pnds 1,500,000
Mr Mohamed Anas Joud is the sole proprietor
of the business.
AFFILIATED COMPANIES
· Joud Trading Co
44
Omar Bin El Khattab Street
PO
Box 219 & 199
Lattakia
Tel:
(963-41) 241517 / 240730 / 416590
Fax:
(963-41) 241958 / 415700
Email:
joud@net.sy
· Batric Transport
Co
· Joud Transport Co
· Dolphin Transport
Co
· Joud Advertising
& Media
· Joud International
OPERATIONS
Activities: Engaged in the fabrication of steel structures as well as the import of
steel products.
Import Countries: India and China
Subject has a workforce of approximately 100 employees.
FINANCIAL DATA
Companies registered in Syria are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
BANKERS
·
Commercial Bank of Syria
Branch No. 1
Lattakia
Tel: (963-41) 232070
·
Bank of Syria And Overseas
8 March Street
PO Box 271
Lattakia
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.00 |
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UK Pound |
1 |
Rs. 82.14 |
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Euro |
1 |
Rs. 65.09 |
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%)