MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
ACTION GROUP UNITED GENERAL TRADING AND CONTRACTING CO |
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Registered Office : |
Office No. 15, Mezzanine
Floor, Building No. 3, Block No. 48, Al Jahra |
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Country : |
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Date of Incorporation : |
26.08.2008 |
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Com. Reg. No.: |
328364 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
General Trade Licence |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 30,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ACTION GROUP UNITED GENERAL TRADING AND CONTRACTING CO
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 26th August 2008
Commercial Registration Number : 328364
Trade Licence Number : 3400/2008
Chamber Membership Number : 116267
Issued Capital : KD 250,000
Paid up Capital : KD 250,000
Total Workforce : 3
Activities : Subject operates with a general trade licence
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 30,000
COMPANY NAME
ACTION GROUP UNITED
GENERAL TRADING AND CONTRACTING CO
ADDRESS
Registered & Physical Address
Location : Office No. 15, Mezzanine Floor, Building
No. 3, Block No. 48
Town : Al Jahra
Country :
Location : (965) 97414177 / 65984177
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Jahra.
KEY PRINCIPALS
Name Position
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Maqad
Mohamed Al Otaibi Managing
Director
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Tariq
Mohamed Al Otaibi Director
LEGAL FORM & OWNERS
Date of Establishment : 26th
August 2008
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 328364
Trade Licence No. : 3400/2008
Chamber Member No. : 116267
Issued Capital : KD 250,000
Paid up Capital : KD 250,000
Name of Shareholder (s)
·
Maqad
Mohamed Al Otaibi
·
Tariq
Mohamed Al Otaibi
OPERATIONS
Activities: Subject operates with a general trade licence
and is engaged in the import and distribution of general
merchandise.
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Commercial
Bank of
PO Box : 2861
Safat 13029
Tel : (965) 2411001
Fax : (965) 2450150
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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1 |
Rs.72.49 |
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Euro |
1 |
Rs.68.44 |
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%)