MIRA
INFORM REPORT
|
Report Date : |
17.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MOHAMED MAHYOUB KAID GENERAL TRADING |
|
|
|
|
Registered Office : |
Al Gomhoureya
Street, Taiz |
|
|
|
|
Country : |
Yemen |
|
|
|
|
Date of Incorporation : |
1968 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale and Retail of Foodstuff Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 100,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : MOHAMED MAHYOUB KAID GENERAL TRADING
Country of Origin : Yemen
Legal Form : Sole Proprietorship
Registration Date : 1968
Invested Capital : YR 20,000
Total Workforce : 8
Activities : Wholesale and retail of foodstuff products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 100,000
COMPANY NAME
MOHAMED MAHYOUB
KAID GENERAL TRADING
ADDRESS
Registered & Physical Address
Location : Al Gomhoureya Street
Town : Taiz
Country : Yemen
Telephone : (967-4) 236109 / 236827
Facsimile : (967-4) 236113
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Taiz.
KEY PRINCIPALS
Name Position
·
Mohamed
Mahyoub Kaid Proprietor
& General Manager
·
Abdullah
Mohamed Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1968
Legal Form :
Sole Proprietorship
Invested Capital
: YR 20,000
Mr Mohamed Mahyoub Kaid is the sole proprietor of the
business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
foodstuff products.
Import
Countries: India, Middle
East and East Africa
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Companies
registered in Yemen are not legally required to make their accounts public and no
financial information was released by the company or submitted by outside
sources.
BANKERS
·
Yemen
Commercial Bank
PO Box: 4122
Taiz
Tel: (967-4) 232821-4
Fax: (967-4) 231139
Email: ycbtaizcity@y.net.ye
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 business is
considered to be a fair trade risk.
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%)