MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
JANANI & KALKAL |
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Registered Office : |
Al Hader Salamia
Avenue, PO Box 152, Hama |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
09.09.2000 |
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Com. Reg. No.: |
3204, Hama |
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Legal Form : |
Limited Liability
Partnership |
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Line of Business : |
Import and Distribution
of General Merchandise, including lighting and electrical 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$ 175,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : JANANI & KALKAL
Country of Origin : Syria
Legal Form : Limited Liability Partnership
Registration Date : 9th September 2000
Commercial Registration Number : 3204, Hama
Chamber Membership Number : 2225
Issued Capital : SY Pnds 1,500,000
Paid up Capital : SY Pnds 1,500,000
Total Workforce : 8
Activities : Import and distribution of general merchandise, including lighting and
electrical products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 175,000
Person Interviewed : Ayman Ghaleb Kalkal, Partner
COMPANY NAME
JANANI & KALKAL
ADDRESS
Registered & Physical Address
Location : Al Hader Salamia Avenue
PO Box : 152
Town : Hama
Country : Syria
Telephone : (963-33) 422104
Facsimile : (963-33) 430532
Mobile : (963-944) 440626
Email : akakal@gmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are owned and located in the
Central Business Area of Hama.
KEY PRINCIPALS
Name Position
·
Mostafa Ahmed
Janani Managing
Partner
·
Ayman Ghaleb
Kalkal Partner
LEGAL FORM & OWNERS
Date of Establishment : 9th
September 2000
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 3204, Hama
Chamber Member No. : 2225
Issued Capital : SY Pnds 1,500,000
Paid up Capital : SY Pnds 1,500,000
Name of Shareholder (s)
·
Mostafa Ahmed Janani
·
Ayman Ghaleb
Kalkal
OPERATIONS
Activities: Engaged in the import and distribution of
general merchandise, including lighting and electrical products.
Import
Countries: Spain, Italy and
Bulgaria
International
Suppliers:
·
Lomitech Spain
·
Carlobizi Italy
·
Electrostart Bulgaria
Operating Trend: Steady
Subject has a
workforce of 8 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:
Total Sales SY Pnds
32,650,000 SY Pnds
36,900,000
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
Al Kouatly Street
Hama
Tel: (963-33) 510919
Fax: (963-33) 223827
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
2000, subject is involved in the import and distribution of general merchandise,
including lighting and electrical products.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed 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.49.22 |
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UK Pound |
1 |
Rs.75.03 |
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Euro |
1 |
Rs.63.14 |
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%)