MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
MARWAN AHMED HABBABA |
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Registered Office : |
Al Bahtari
Street, Al Jamaliah Area, PO Box 6230, Aleppo |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
1965 |
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Com. Reg. No.: |
29970, Aleppo |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Production, Processing, Wholesale and Retail of Sheep, Lamb and Goat Skins |
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 : MARWAN AHMED HABBABA
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 1965
Commercial Registration Number : 29970, Aleppo
Invested Capital : SY Pnds 2,500,000
Total Workforce : 50
Activities : Production, processing, wholesale and retail of sheep, lamb and goat skins
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
MARWAN AHMED
HABBABA
ADDRESS
Registered &
Physical Address
Street : Al Bahtari Street
Area : Al Jamaliah Area
PO Box : 6230
Town : Aleppo
Country : Syria
Telephone : (963-21) 2211201
Facsimile : (963-21) 2239798
Mobile : (963-94) 407390
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Aleppo.
Branch Office
(s)
Location Description
·
Rahmousa Area Owned
factory premises
Aleppo
Tel
: (963-21) 5762355
·
Colofra Sales
Office
Milan
Italy
Tel: (39-825) 531496
KEY PRINCIPALS
Name Position
·
Marwan Ahmed
Habbaba Proprietor
& General Manager
·
Ahmed Habbaba Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1965
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 29970, Aleppo
Invested Capital
: SY Pnds 2,500,000
Mr Marwan Ahmed
Habbaba is the sole proprietor of the business.
OPERATIONS
Activities:
Engaged in the
production, processing, wholesale and retail of sheep, lamb and goat skins.
The company’s
factory has machine assisted production facilities.
Subject exports
leather jackets to Italy and wool to factories based in Bradford, United
Kingdom.
Import
Countries:
GCC countries and
the Far East
Export
Countries:
United Kingdom and
Italy
Operating Trend:
Steady
Subject has a
workforce of 50 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Syrian
Pounds (SY Pnds)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales SY Pnds
18,400,000 SY Pnds 20,350,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
Bank of Syria
Kastel Hajjarin Street
Aleppo
Tel : (963-21) 4239601
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1965, subject is owned and managed by Mr Marwan Ahmed Habbaba who is well
respected in the local business community.
According to local
sources, subject meets its payment obligations in a timely manner and the
business is considered to be a fair trade risk.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)