MIRA
INFORM REPORT
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Report Date : |
30.12.2008 |
IDENTIFICATION DETAILS
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Name : |
AL JAMEEL TRADING EST |
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Registered Office : |
Central
Market, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
05.02.1991 |
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Com. Reg. No.: |
24320, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and Retail of Fruits
and Vegetables |
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 : AL JAMEEL TRADING EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 5th February 1991
Commercial Registration Number : 24320,
Invested Capital : BD 30,000
Total Workforce : 8
Activities : Wholesale and retail of fruits and vegetables
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Jameel Yousef Yacoub Yousef, Proprietor
COMPANY NAME
AL JAMEEL TRADING
EST
ADDRESS
Registered & Physical Address
Location : Central
Market
PO Box : 20036
Town :
Country :
Telephone : (973-17) 263888
Facsimile : (973-17) 273093
Email : yyymango@batelco.com.bh
Premises
Subject operates from
a small suite of offices and a shop that are rented and located in the Central
Business Area of Manama.
KEY PRINCIPALS
Name Position
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Jameel Yousef Yacoub Yousef Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 5th
February 1991
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 24320,
Invested Capital
: BD 30,000
Mr Jameel Yousef Yacoub Yousef is the sole proprietor
of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of fruits and vegetables.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Bahraini Dinar
(BD)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales BD 1,080,000 BD 1,150,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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National
Bank of
Government Road
PO Box : 106
Tel : (973-17) 258800
Fax : (973-17) 263876
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 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.48.50 |
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1 |
Rs.70.02 |
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Euro |
1 |
Rs.67.95 |
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%)