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MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
KALLAJI & KATTAN CO (HASEEB CO) |
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Registered Office : |
Ibn Asaker Area,
Industrial Zone, Damascus |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
1940 |
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Com. Reg. No.: |
12252 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers and packagers of coffee, tea and other instant beverages. |
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 : KALLAJI & KATTAN CO (HASEEB CO)
Country of Origin : Syria
Legal Form : Limited Liability Partnership
Start Date : 1940
Registration Date : 1997
Commercial Registration Number : 12252
Industrial Licence Number : 15330/1248
Membership Number : 39292
Issued Capital : SY Pnds 200,000
Paid up Capital : SY Pnds 200,000
Total Workforce : 220
Activities : Manufacturers and packagers of coffee, tea and other instant beverages.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
KALLAJI &
KATTAN CO (HASEEB CO)
ADDRESS
Registered &
Physical Address
Location : Ibn Asaker Area, Industrial Zone
Town : Damascus
Country : Syria
Telephone : (963-11) 5441501 / 5441502 / 5446536
Facsimile : (963-11) 5449810
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Damascus.
KEY PRINCIPALS
·
Talal
Haseeb Kallaji Managing
Partner
·
Nabil
Abdul Wahab Kattan Partner
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Firas
Nabil Kattan Partner
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Loay
Biteh Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1940, however
subject was registered in 1997
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 12252
Industrial
Lic. No. : 15330/1248
Membership
No. : 39292
Issued Capital : SY Pnds 200,000
Paid up Capital : SY Pnds 200,000
Name of Shareholder (s)
·
Talal
Haseeb Kallaji
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Nabil
Abdul Wahab Kattan
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Firas
Nabil Kattan
OPERATIONS
Activities: Engaged in the manufacture and packing of coffee, tea and other instant beverages.
Import
Countries: India, Kenya and
Brazil.
Brand Names: HASEEB
Operating Trend: Steady
Subject has a
workforce of 220 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency : United
States Dollars (US$)
Year Ending
31/12/06 : Year
Ending 31/12/07 :
Total Sales US$ 4,800,000 US$
6,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures were provided by Mr Loay Biteh.
BANKERS
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Commercial
Bank of Syria
Mouawia Street
PO Box : 2231
Damascus
Tel : (963-11) 2225870
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1940,
subject is involved in the manufacture and packing of coffee,
tea and other instant beverages.
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
company 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.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)