MIRA
INFORM REPORT
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Report Date : |
02.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALI AHMED OMER ALGHOBRI |
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Registered Office : |
Al Tahrir Street, Betalfaqih, PO Box 4506, Hodeidah |
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Country : |
Yemen |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
10.01.1967 |
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Com. Reg. No.: |
2601, Hodeidah |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Importer and Distributors
of General Merchandise |
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 : ALI AHMED OMER
ALGHOBRI
Country of Origin : Yemen
Legal Form : Sole
Proprietorship
Registration Date : 10th
January 1967
Commercial
Registration Number : 2601,
Hodeidah
Invested Capital : YR
1,500,000
Total Workforce : 8
Line of Business :
Distributors of general merchandise.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ALI AHMED OMER ALGHOBRI
ADDRESS
Registered & Physical Address
Street : Al Tahrir
Street
Area : Betalfaqih
PO Box : 4506
Town : Hodeidah
Country : Yemen
Telephone : (967-3) 246621
/ 213574
Facsimile : (967-3) 234887
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Hodeidah.
KEY PRINCIPALS
· Ali Ahmed Omer
Alghobri Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 10th
January 1967
Legal Form : Mouassasa Khassa
(Sole Proprietorship)
Commercial Reg.
No. : 2601, Hodeidah
Invested Capital : YR 1,500,000
Mr Ali Ahmed Omer Alghobri is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines
Mouassasa Khassa as the business of an individual where liability for all debts
is unlimited. The business is the entire responsibility of its proprietor, who
is liable for all its debts to the extent of his entire wealth. There are no
legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of general
merchandise, including
foodstuff products, electrical appliances and building materials.
Import Countries : Europe and the Far East.
Operating Trend : Steady
Subject has a workforce of 8 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Yemeni Riyal (YR)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales YR
48,500,000 YR
52,700,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Arab Bank Plc
Sana’a Street
PO Box : 3812
Hodeidah
Tel : (967-3) 239166 / 239988
Fax :
(967-3) 3211557
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1967, subject is owned and managed by Mr Ali Ahmed Omer
Alghobri who is well respected in the local business community.
According to local sources subject is making steady progress in the
local business market and nothing detrimental has been reported regarding the
manner in which payments are fulfilled. As such the business is considered to
be a fair trade risk.
Maximum suggested credit figure: US$ 100,000
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%)