MIRA
INFORM REPORT
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Report Date : |
05.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL DEERA INTERNATIONAL CENTRE GENERAL TRADE & CONTRACTING |
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Registered Office : |
Building No. 6, Plot No. 8, Office 18, 2nd Floor, Al Mubarakeya Area, PO Box 1031, Hawalli 32011 |
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Country : |
Kuwait |
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Date of Incorporation : |
30.09. 2001 |
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Com. Reg. No.: |
83421 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and Distribution of General Merchandise |
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 DEERA INTERNATIONAL CENTRE GENERAL TRADE & CONTRACTING
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 30th September 2001
Commercial Registration Number : 83421
Trade Licence Number : 158/2001
Chamber Membership Number : 73055
Issued Capital : KD 20,000
Paid up Capital : KD 20,000
Total Workforce 15
Activities : Import and distribution of general merchandise
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
AL DEERA
INTERNATIONAL CENTRE GENERAL TRADE & CONTRACTING
ADDRESS
Registered & Physical Address
Building : Building No. 6,
Plot No. 8, Office 18, 2nd Floor
Area : Al
Mubarakeya Area
PO Box : 1031
Town : Hawalli 32011
Country : Kuwait
Telephone : (965) 4827720
Facsimile : (965) 4827720
Mobile : (965) 6276427 / 9065935 /
7804803
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Hawalli.
KEY PRINCIPALS
Name Position
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Abdullah
Ibrahim Al Jeeran Managing
Director
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Ali
R. Al Shanawi Director
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Mona
Yousef Al Barood Director
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Maryam
Taher Khalfan Director
LEGAL FORM & OWNERS
Date of Establishment : 30th
September 2001
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 83421
Trade Licence No. : 158/2001
Chamber Member No. : 73055
Issued Capital : KD 20,000
Paid up Capital : KD 20,000
Name of Shareholder (s)
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Abdullah
Ibrahim Al Jeeran
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Ali
R. Al Shanawi
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Mona
Yousef Al Barood
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Maryam
Taher Khalfan
OPERATIONS
Activities: Engaged in the import and distribution of
general merchandise.
Subject has a
workforce of 15 employees.
FINANCIAL DATA
Companies
registered in Kuwait are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
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Commercial
Bank of Kuwait
Mubarak Al Kabir Street
PO Box : 2861
Safat 13029
Tel : (965) 2411001
Fax : (965) 2450150
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 company 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.43.21 |
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UK Pound |
1 |
Rs.85.72 |
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Euro |
1 |
Rs.67.92 |
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%)