MIRA
INFORM REPORT
|
Report Date : |
05.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MEDITERRANEAN CHEMICAL AND SUPPLIES
LIMITED |
|
|
|
|
Registered Office : |
Suite 1,2nd Floor, International House,16, Bell Lane,
P.O.Box 872 |
|
|
|
|
Country : |
Gibraltar |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
01.11.1989 |
|
|
|
|
Com. Reg. No.: |
34708 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trader of Plastic Raw Materials,
Industrial and Chemical
materials and Yarn (Cotton, Polyester, Poy, Viscose, ). |
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 |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name of the company
MEDITERRANEAN
CHEMICAL AND SUPPLIES LIMITED
INCORPORATION DATA
Date of Incorporation: 1st
November 1989
Registered Number: 34708
Place of Incorporation: Gibraltar
Authorised Capital: £2,000
Number of Shares: 2,000
shares of £1.00 each
Shares Paid-in: £100
Registered Office: Suite 1,2nd
Floor, International House,16, Bell Lane, P.O.Box 872, Gibraltar.
Last Annual Return: 30th November, 2007
Address of
Company: Suite 1,2Nd
Floor, International House, 16, Bell L:ane, P.O.Box 872, Gibraltar.
Telephone
20077750, Fax 77800
SHAREHOLDERS
Name Occupation No.Shares
FG Services Limited Body
Corporate 1
Kissack Court, 29, Parliament Street,
Ramsey, Isle of Man.
FG Management Limited. Body
Corporate 99
Kissack Court, 29, Parliament Street,
Ramsey, Isle of Man.
DIRECTORS
Name Occupation Nationality
Sherif El Ashram Businessman Citizen of Egypt
11, Hassan Allam Street, Appointed
El Marghany, Heliopolis, 23/03/2007.
Cairo Egypt.
Tarek El Ashram Businessman Citizen of Egypt
11, Hassan Allam Street, Appointed
El Marghany, Heliopolis, 23/03/2007.
Cairo Egypt.
SECRETARIES
Steadfast CorporateServices Ltd Limited
Company Appointed
Suite 1, International House, 19/01/2000
16, Bell Lane, P.O.Box 872.
Gibraltar.
This is all the information we can give you about this company. It does
not have a telephone listed under their own name in Gibraltar, and the phone
number given above are those of their registered address which belongs to
Steadfast Corporate Services Limited.
Mediterranean
Chemical and Supplies Limited
Registered number 34708
Balance Sheet
At
31 December 2005.
2005 2004
Current assets
Debtors 1,430,846 1,169,304
Cash at bank and
in hand 116,778 54,996
_______ ________
1,547,624 1,224,300
Creditors: amounts
falling due and payable
within one year 1,019,324 877,322
_________ _______
Total
assets less current liabilities 528,300 346,978
Creditors:
amounts falling due and payable
after more than one year 120,457 143,721
_______ ______
Net Assets 407,843 203,257
Capital
and Reserves
Called up share
capital 100 100
Profit and Loss
account 407,743 203,157
Total
Equity Shareholders' Funds 407,843 203,257
In preparing these
unaudited financial statements advantage has been taken of the exemption from
audit contained in section 11 of the companies ( Accounts) Ordinance 1999.
The abbreviated
accounts have been prepared in accordance with the special provisions relating to small companies
within Schedule 4 of the Companies (Accounts) Ordinance 1999.
Signed on behalf
of the Board.
FG Management
Limited
Director.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.69 |
|
UK Pound |
1 |
Rs.72.96 |
|
Euro |
1 |
Rs.63.46 |
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%)