MIRA
INFORM REPORT
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Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAJA COMPANY WLL |
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Registered Office : |
Khalifa Al Jassim Street, Shuwaikh Industrial Area, P O Box : 4121,
Safat 13042 Country |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
11.10.2005 |
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Com. Reg. No.: |
105226 |
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Legal Form : |
Limited Liability - WLL |
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Line of Business : |
Import and Distribution of Safety Equipment,
Security Products and Hardware |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name :
RAJA COMPANY WLL
Country of Origin :
Kuwait
Legal Form :
With Limited Liability - WLL
Registration Date :
11th October 2005
Commercial Registration Number :
105226
Trade Licence Number :
5415/2005
Chamber Membership Number :
18503
Issued Capital :
KD 100,000
Paid up Capital :
KD 100,000
Total Workforce :
30
Activities :
Import and distribution of safety equipment, security
products and
hardware
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Recommended Credit Limit :
US$ 200,000
COMPANY NAME
RAJA COMPANY WLL
ADDRESS
Registered & Physical Address
Street : Khalifa Al
Jassim Street
Area : Shuwaikh
Industrial Area
PO Box : 4121
Town : Safat 13042
Country : Kuwait
Telephone : (965) 24844696
Facsimile : (965) 24844798
Email : info@rajatrading.com
Premises
Subject operates from a medium sized suite of offices, a warehouse and a
showroom that are rented and located in the Industrial Area of Safat.
KEY PRINCIPALS
Name Nationality Position
Shalesh Merhandani Govin Kuwaiti Managing Director
Walid Abdullah Al Ayoubi Kuwaiti Director
LEGAL FORM &
OWNERS
Date of Establishment : 11th
October 2005
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 105226
Trade Licence No. : 5415/2005
Chamber Member No. : 18503
Issued Capital : KD 100,000
Paid up Capital : KD 100,000
Name of Shareholder
(s)
Shalesh Merhandani Govin
Walid Abdullah Al Ayoubi
OPERATIONS
Activities: Engaged in the import and distribution of
safety equipment, security products and hardware.
Import Countries: India, United Kingdom, and the United States of
America
Operating Trend: Steady
Subject has a workforce of 30 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Kuwaiti Dinars (KD)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales KD 2,380,000 KD 2,750,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
National Bank of Kuwait
Ali Awadi Tower
Ahmed Al Jaber Street
PO Box : 95
Safat 13001
Tel : (965) 3981188 / 3981189
Fax : (965) 3985643
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.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)