MIRA
INFORM REPORT
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Report Date : |
23.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAHMOUD BAROUDI |
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Registered Office : |
Al Sham Street,
Al Masharaqa Area, PO Box 1537,
Aleppo |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
03.07.1990 |
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Com. Reg. No.: |
53202, Aleppo |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of General Foodstuff Products |
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 : MAHMOUD BAROUDI
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 3rd July 1990
Commercial Registration Number : 53202, Aleppo
Invested Capital : SY Pnds 4,000,000
Total Workforce : 8
Activities : Import and distribution of general foodstuff products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
MAHMOUD BAROUDI
ADDRESS
Registered & Physical Address
Street : Al Sham Street
Area : Al Masharaqa Area
PO Box : 1537
Town : Aleppo
Country : Syria
Telephone : (963-21) 2225954 / 2249592
Facsimile : (963-21) 2225954
Mobile : (963-94) 4605114
Email : bshar.b@mail.sy
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in the
Central Business Area of Aleppo.
KEY PRINCIPALS
Name Position
·
Mahmoud Ibn Mohamed Hekmet Baroudi Proprietor
& General Manager
·
Bashar Ibn Mohamed Hekmet Baroudi Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 3rd
July 1990
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 53202, Aleppo
Invested Capital
: SY Pnds 4,000,000
Mr Mahmoud
Ibn Mohamed Hekmet Baroudi
is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuff products.
Import
Countries: Europe and GCC
countries
Operating Trend: Steady
Subject has a
workforce of 8 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
65,000,000 SY Pnds
68,700,000
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
1990, subject is owned and managed by Mr Mahmoud Ibn Mohamed
Hekmet Baroudi who is well respected in the local business community.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed 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.41.96 |
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UK Pound |
1 |
Rs.83.78 |
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Euro |
1 |
Rs.65.82 |
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%)