MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MARIOKA ANTIOSHI FACTORY FOR COSMETICS CO LTD |
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Registered Office : |
Building No. 1929/2/5, Omdurman Industrial Area, PO Box 280, Omdurman |
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Country : |
Sudan |
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Date of Incorporation : |
2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Cosmetics and Perfumes |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MARIOKA ANTIOSHI FACTORY FOR COSMETICS CO LTD
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 2003
Issued Capital : SD 1,000,000
Paid up Capital : SD 1,000,000
Total Workforce : 15
Line of Business : Manufacture of cosmetics and perfumes.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
MARIOKA ANTIOSHI FACTORY FOR COSMETICS CO LTD
ADDRESS
Registered & Physical Address
Building : Building No. 1929/2/5
Area : Omdurman Industrial Area
PO Box : 280
Town : Omdurman
Country : Sudan
Telephone : (249-187) 560597
Facsimile : (249-187) 556019
Mobile :
(249-122) 502205
Email : salama_sabri@hotmail.com
Premises
Subject operates from a small suite of offices and a factory that are
rented and located in the Industrial Area of Omdurman.
KEY PRINCIPALS
· Salama
Wadie Sabri Managing
Director
LEGAL FORM & OWNERS
Date of
Establishment : 2003
Legal Form : Limited Liability
Company
Issued Capital : SD 1,000,000
Paid up Capital : SD 1,000,000
Name of Shareholder (s)
· Salama
Wadie Sabri
· Members of Mr Salama Wadie Sabri’s family
LINE OF BUSINESS
Operations: Engaged in the manufacture of cosmetics and perfumes.
Import Countries: India and China.
Subject has a workforce of 15 employees.
FINANCIAL HIGHLIGHTS
Companies registered in Sudan are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
BANKERS
·
Tadamon Islamic Bank
PO Box : 846
Omdurman
Tel :
(249-187) 577330
Fax :
(249-187) 555733
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000:
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.
Maximum suggested credit figure: US$ 100,000
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%)