MIRA
INFORM REPORT
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Report Date : |
27.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
TASHAROUKIAT FULLA FOR TISSUE MANUFACTURING |
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Registered Office : |
Km.
9, off Tripoli City, Shaabeit El‑Gefara, Janzour Tripoli
P
O Box 76067 |
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Country : |
Libya |
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Date of Incorporation : |
2005 |
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Com. Reg. No.: |
1388 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer of
Household/Sanitary Goods |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
TASHAROUKIAT FULLA FOR TISSUE MANUFACTURING
Registration Briefing
Registration Number: 1388
Registration Date: 2005
Legal Form: PRIVATE
LIMITED CO
Latest Financials: N/A
Financial Briefing
Nominal Capital: 15,000
Libyan Dinar
Issued Capital: All
Turnover: 800,000
Libyan Dinar
Net Profit: 80,000
Libyan Dinar
Net Worth: N/A
Rating Briefing
Current Recommended Credit: 9,947 EUR
Former Recommended Credit: N/A
Rating Trend: RATING
TRENDS CANNOT BE CONFIRMED
Payment Record: NO
COMPLAINTS
Original Investigation Details
Company
Name: TASHAROUKIAT
FULLA FOR TISSUE MANUFACTTORING
Country: LI
Street
Name: JANZOUR
City
Code: TRIPOLI
Post
Code: POB
76067
Phone
Number: 00218
91 21 26 302
Registration
Number: 1388
Comments: IF U HAVE ALREASDY
PROVIDED HIS REPORT WITHIN
LAST 6 MONTHS, PLS DO NOT PROCEED A A NEW
INQUIRY AND INFORM US IMMEDIATELY BY RETUERN.
COMFIRM WHETHER GIVEN ADDRESS IN THE INQIURY IN
ANY WHEREMATCHES IN THE REPORT, IF NOT PROVIDE
EXPANATION THAT EXIST IN THE ABOVE ADDRESS.
Company Details
Company
Name: TASHAROUKIAT
FULLA FOR TISSUE MANUFACTURING
Headquarter
Address: Km.
9, off Tripoli City, Shaabeit El‑Gefara,
Janzour,
Tripoli,
Libya
Postal
Address: P.O.Box
76067,
Tripoli
Telephone: +21821
4893734
+21891
2124302
Fax: +21821
4893734
E‑Mail: fulla2005@lttnet.net
Company was originally started on
2005
Registration
& Legal Details
Current
Legal Form: PRIVATE
LIMITED CO
Additional
Information: Ind.
Reg. no.: 862
Registration
Address: Km.
9, off Tripoli City, Shaabeit El‑Gefara, Tripoli
Registration
Number: 1388
Registration
Date: 2005
Year/Date
Company Established: 2005
Registration
Town: Janzour,
Tripoli
Tax
Registration Number: 67
/ T 2005
Capital
Currency: Libyan
Dinar
Nominal
Capital: 15,000
Issued Capital: All
Paid Up Capital: All
Shareholders
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting capital
50.00% (VOTING)
Mr. Abd El‑Salam
Abdallah Ben
Al‑Zereyah
(Principal Shareholder),
Tripoli,
Libya
25.00% (VOTING)
Mr. Ismail Al
Sowy Abd El Salam,
Tripoli,
Libya
25.00% (VOTING)
Mrs. Fatma Al‑Sowy
Abd El‑Salam,
Tripoli,
Libya
Principals
Name: Mr
Ismail El‑Sowy Abd El‑Salam
Position
within the company: Chairman
Country
of Birth: Libya
Nationality: Libyan
Can
fluently speak: Arabic
& English
Education: Graduate
University
Relationship
with other Companies: Tafawq
for Importing Electrical Home Appliances
Family
Connections with: Abd
El‑Salam Family
Name: Mr
Abd El‑Salam Abdallah Ben Al‑Zereyah
Position
within the company: Managing
director
Country
of Birth: Libya
Nationality: Libyan
Can
fluently speak: Arabic
& English
Education: Graduate
University
Family
Connections with: Abd
El‑Salam Family
Name: Mr
Ahmed Al‑Sowy Abd El‑Salam
Position
within the company: General
manager
Country
of Birth: Libya
Nationality: Libyan
Can
fluently speak: Arabic
& English
Education: Graduate
University
Family
Connections with: Abd
El‑Salam Family
Company Activities
NACE
Codes: 2122 Mfg household/sanitary goods ‑
100%
The
company is a manufacturer of all kind of tissue products.
The
company imports from Turkey, Tunisia, Algeria & China.
The
company doesn't export.
Local
Reporters consider the investigated company to be MEDIUM in their field of
concern.
Operations
Employees Company
Employs: 10
HQ Premises Operates
from: Owned Offices , Factory,
Warehouse
Premises Size: 500
square meters
2020 square meters site
Location: Industrial
Area, Main Road
Imports
Import
% and type of product: 95%
Finished Goods
Imports
From: Turkey,
Tunisia, Algeria, China
Importing
Terms: 60‑90
days credit, cash against documents
Additional
Information: The
company purchases 5% locally
Exports
Export % and type of product: Subject does not export
Trading & Selling
Territory: 100%
Nationally
Type of Customer: Wholesalers
& Retailers
Related Companies
Affiliates
Tafawq for
Importing Electrical
Home
Appliances
Janzour, Libya Embassy Area,
Tripoli,
Libya
Start Date: 2004
Operates
as: ‑The company is an importer & wholesaler of all kind of
electrical home supplies.
‑The
company imports its products from China & Turkey.
‑The
company registry number: 1122
‑The
company legal form: Joint Stock.
‑The
company nominal capital: 100.000 LD.
‑The
company turnover for 2006: 2.000.000 LD.
‑The
company deals with
‑
Aman Bank: main branch, Acc: 5188, Currency: LD.
‑
Gomhoreya Bank: main branch, Acc: 59165, Currency: LD.
‑Web
Site: www.tafawq.com
‑E‑Mail:
info@tafawq.com
Related
through: common principals and shareholders
Bankers
AMAN
Bank,
Branch:
Main Branch / Al‑Emad
Tripoli,
Libya
Account
Number: 5213
Currency: Libyan
Dinar
Gomhoreya
Bank,
Branch:
El‑Solaim Branch
Tripoli,
Libya
Account
Number: 70244
Currency: Libyan
Dinar
Financial Information
Financial
Interview Date: 26/02/2008
Source: Mr.
Ahmed Al‑Sowy Abd El‑Salam General manager
Figures
are: Official
Figures
Currency: Libyan
Dinar
Months Sales
Figures Sales Gross Profit/Loss Net Profit/Loss
12 31/12/2008 1,500,000
(Projection) 150,000
(Projection)
12 31/12/2007 800,000.00 80,000
Payments
Subject's payments reported to
be: NO COMPLAINTS
Interview & Reporter Comments
Name/Title: Mr.
Ahmed El‑Sowy Abd El‑Salam General manager
Comment: Subject has offered
brief financial data only and refused to provide full
financial
information.
Reporter
Comment: In
the interview conducted with Mr. Ahmed Al‑Sowy Abd El‑Salam,
general manager, he declined further financial information citing the grounds
of company confidentiality.
It was reported that the company
is working on getting four new production lines to increase the production
capacity. The correct contact number is mentioned in the enquiry.
Company's shares are not freely
transferable and are not bought and sold on the stock market.
Local company’s registry is
inaccessible to inspect subject's file, therefore, all the information shown in
the report is through a direct contact with the subject you are investigating.
Conclusions
Accounts
Comments: Only
Brief Financial data has been obtained by the subject, our a Assessment and
ratings are therefore based on the reliability of the data obtained.
Local Reputation: The company
being investigated is considered by local reporters to be a Fair / Normal Trade
Risk.
General Conclusion: Local
informants consider granting of credit to be a fair trade risk.
Owner/Shareholders
Comments: Some of the
owners / shareholders have an active participation in the running of the
business.
Financial
Results Trend Financial
Information indicates that the business activities of the company are even /
similar in strength to corresponding years.
Age of Business: The
company is a long established family run business.
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%)