MIRA
INFORM REPORT
|
Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AHMED MOHAMED
AHMED AL ANSARI OIL MILL AND PLASTICS CONTAINERS FACTORY |
|
|
|
|
Registered Office : |
Khartoum North
Industrial Area, Khartoum |
|
|
|
|
Country : |
Sudan |
|
|
|
|
Date of Incorporation : |
1974 |
|
|
|
|
Com. Reg. No.: |
4591 |
|
|
|
|
Legal Form : |
Sole
Proprietorship |
|
|
|
|
Line of Business : |
Processors of oil |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : AHMED MOHAMED AHMED
AL ANSARI OIL MILL
& PLASTIC CONTAINERS FACTORY
Country of Origin : Sudan
Legal Form :
Sole Proprietorship
Registration Date : 1974
Commercial
Registration Number : 4591
Invested Capital : SD
2,500,000
Total Workforce : 60
Line of Business : Processors
of oil.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
AHMED
MOHAMED AHMED AL ANSARI OIL MILL & PLASTIC CONTAINERS FACTORY
ADDRESS
Registered & Physical Address
Location : Khartoum North Industrial Area
Town : Khartoum
Country : Sudan
Telephone : (249-185) 314060
Facsimile : (249-185) 219563
Mobile : (249-912) 309216
Premises
Subject operates
from a medium sized suite of offices and a factory that are owned and located
in the Industrial Area of Khartoum.
KEY PRINCIPALS
·
Ahmed Mohamed Ahmed
Al Ansari Proprietor
& General Manager
·
Khalifa
Mohamed Ahmed Al Ansari Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1974
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial
Reg. No. : 4591
Invested Capital
: SD 2,500,000
Mr Ahmed Mohamed
Ahmed Al Ansari is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an
establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all
debts is unlimited. The business is the entire responsibility of its
proprietor, who is liable for all its debts to the extent of his entire wealth.
There are no legal requirements concerning the amount of capital of a sole
proprietor.
LINE OF BUSINESS
Operations
Engaged in the
processing of oil. Subject is in the process of setting up a new line of
operations, namely the production of plastic containers for oil.
Import Countries
Europe and the Far
East.
Subject has a
workforce of 60 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
Al Shamal Islamic Bank
Al Said Abdul El Rahman Street
PO Box : 10036
Khartoum
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1974, subject is owned and managed by Mr Ahmed Mohamed Ahmed Al Ansari who is
well respected in the local business community.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the business is deemed a fair trade risk
and the above credit figure is considered to be within subject’s financial
means.
Maximum suggested
credit figure: US$ 150,000
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)