MIRA
INFORM REPORT
|
Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TALAT KONDOES SHANODA |
|
|
|
|
Registered Office : |
Al Swam Street,
Omdurman |
|
|
|
|
Country : |
Sudan |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Year of Establishment : |
2001 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale and Retail of Ready Made Garments |
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 |
|
Maximum Credit Limit : |
US$ 40,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : TALAT KONDOES SHANODA
Country of Origin : Sudan
Legal Form : Sole Proprietorship
Registration Date : 2001
Invested Capital : SD 100,000
Total Workforce : 6
Activities : Wholesale and retail of ready made garments
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 40,000
COMPANY NAME
TALAT KONDOES
SHANODA
ADDRESS
Registered & Physical Address
Location : Al Swam Street
Town : Omdurman
Country : Sudan
Telephone : (249-187) 550664
Facsimile : (249-187) 550664
Mobile : (249-918) 125203
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Omdurman.
KEY PRINCIPALS
Name Position
·
Talaat
Kondoes Shanoda Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 2001
Legal Form :
Sole Proprietorship
Invested Capital
: SD 100,000
Mr Talaat Kondoes Shanoda is the sole proprietor of the
business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
ready made garments.
Import
Countries: India
Operating Trend: Steady
Subject has a
workforce of 6 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Sudanese
Dinar (SD)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales SD 32,000,000 SD 35,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Omdurman
National Bank
PO Box : 11522
Khartoum
Tel : (249-187) 770400
Fax : (249-187) 770392
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.
Please note that
the contact numbers you provided belong to Mr Megan
Lal Desai who made the contract for the shipments. The direct contact numbers
for the actual subject are provided above.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.28 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.68.22 |
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%)