MIRA
INFORM REPORT
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Report Date : |
04.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHREE AMARDEEP INVESTMENT & DEVELOPMENT CO LTD |
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Registered Office : |
Bourj
El Nile, 6th Floor, Office No. 55, Al Souq Al Arabi, Khartoum |
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Country : |
Sudan |
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Date of Incorporation : |
2007 |
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Com. Reg. No.: |
41542, Khartoum |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and Export of general merchandise,
food and non-food items including milk powder, as well as seeds and scrap
metal |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 30,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : SHREE AMARDEEP INVESTMENT & DEVELOPMENT CO LTD
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 2007
Commercial Registration Number : 41542, Khartoum
Issued Capital : US$ 1,000,000
Paid up Capital : US$ 1,000,000
Total Workforce : 5
Activities :
Import and export of general merchandise, food and
non-food items
including milk powder, as well as seeds and scrap metal
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 30,000
COMPANY NAME
SHREE AMARDEEP
INVESTMENT & DEVELOPMENT CO LTD
ADDRESS
Registered & Physical Address
Building : Bourj El Nile, 6th
Floor, Office No. 55
Area : Al
Souq Al Arabi
Town : Khartoum
Country : Sudan
Mobile : (249-912) 198300 / (249-122) 826195
Email : shreeamardeep@yahoo.co.in
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Khartoum.
KEY PRINCIPALS
Name Position
·
Amar Sameer
Abdullah Managing
Director
·
Mrs
Intisar Amar Sameer Abdullah Director
LEGAL FORM & OWNERS
Date of Establishment : 2007
Legal Form :
Limited Liability Company
Commercial Reg. No. : 41542, Khartoum
Issued Capital : US$ 1,000,000
Paid up Capital : US$ 1,000,000
Name of Shareholder (s)
·
Amar Sameer
Abdullah
·
Mrs
Intisar Amar Sameer Abdullah *
* Please note that Mrs Intisar Amar Sameer Abdullah is the
wife of Mr Amar Sameer Abdullah
OPERATIONS
Activities: Engaged in the
import and export of general merchandise, food and non-food items including
milk powder, as well as seeds and scrap metal.
Import
Countries: Asia and the Far
East
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
·
Bank of
Khartoum
PO Box 1008
Khartoum
Tel: (249-15) 6660000
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations
undertaken in Khartoum did not reveal any sign of payment defaults or delays
during initial trading stages, and subject is believed to meet its payment
obligations in a timely manner, nevertheless, and in view of the company’s
infancy and the lack of a more consistent payment and financial record, a
measure of caution is advisable and a close monitoring of subject’s business
development is recommended.
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%)