MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARAWABI ZEIBER CO |
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Registered Office : |
Souq
Libya, Plot No. 5, Shop No. 244,
Omdurman |
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Country : |
Sudan |
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Date of Incorporation : |
2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and Retail of Readymade Garments and Textiles |
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$ 40,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ARAWABI ZEIBER CO
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 2005
Issued Capital : SD 50,000
Paid up Capital : SD 50,000
Total Workforce : 5
Activities : Wholesale and retail of readymade garments and textiles
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 40,000
COMPANY NAME
ARAWABI ZEIBER CO
ADDRESS
Registered & Physical Address
Location : Souq
Libya, Plot No. 5, Shop No. 244
Town : Omdurman
Country : Sudan
Telephone : (249-912) 366519
/ 311513
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Omdurman.
KEY PRINCIPALS
Name Position
·
Al
Tayeb Abdullah Bakheet Managing
Director
·
Ahmed
Adam Abaker General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2005
Legal Form :
Limited Liability Company
Issued Capital : SD 50,000
Paid up Capital : SD 50,000
Name of Shareholder (s)
·
Al
Tayeb Abdullah Bakheet
·
Members of Mr Al Tayeb Abdullah Bakheet’s family
OPERATIONS
Activities: Engaged in the wholesale and retail of
readymade garments and textiles.
Import
Countries: India and Egypt
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Companies
registered in Sudan are not legally required to make their accounts public and no
financial information was released by the company or submitted by outside
sources.
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
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.
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%)