MIRA
INFORM REPORT
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Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
AHAL AL KHALEEJ GENERAL TRADING & CONTRACTING CO |
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Registered Office : |
Block 73, Street
6, Fahaheel |
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Country : |
Kuwait |
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Date of Incorporation : |
19.10.1998 |
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Com. Reg. No.: |
74837 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and Distribution of General Merchandise |
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 : AHAL AL KHALEEJ GENERAL TRADING & CONTRACTING CO
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 19th October 1998
Commercial Registration Number : 74837
Trade Licence Number : 1201/98
Chamber Membership Number : 57219
Issued Capital : KD 50,000
Paid up Capital : KD 50,000
Total Workforce : 4
Activities : Import and distribution of general merchandise
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
AHAL AL
KHALEEJ GENERAL TRADING & CONTRACTING CO
ADDRESS
Registered & Physical Address
Location : Block 73, Street 6
Town : Fahaheel
Country : Kuwait
Telephone : (965) 23728176
/ 23261956
Facsimile : (965) 22623831
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Fahaheel.
KEY PRINCIPALS
Name Position
·
Saeed
Al Anazi Managing
Director
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Barak
Al Anazi Director
LEGAL FORM & OWNERS
Date of Establishment : 19th
October 1998
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 74837
Trade Licence No. : 1201/98
Chamber Member No. : 57219
Issued Capital : KD 50,000
Paid up Capital : KD 50,000
Name of Shareholder (s)
·
Saeed
Al Anazi
·
Barak
Al Anazi
OPERATIONS
Activities: Engaged in the import and distribution of
general merchandise.
Subject has a
workforce of 4 employees.
FINANCIAL DATA
Companies
registered in Kuwait are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
The Gulf Bank
KSC
Mubarak Al Kabir Street
PO Box : 3200
Safat 13033
Tel : (965) 22449501
Fax : (965) 22445212
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
company is considered to be a fair trade risk and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.28 |
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UK Pound |
1 |
Rs.73.43 |
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Euro |
1 |
Rs.68.22 |
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%)