MIRA
INFORM REPORT
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Report Date : |
14.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL AMIR FOR FOOD PRODUCTS |
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Registered Office : |
Samir Hassan
Building, Pakistan Street, Bouran Avenue, PO Box 5350, Damascus |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
9886, Damascus |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of General Foodstuffs and Consumable
Items. |
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 : AL AMIR FOR FOOD PRODUCTS
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 1994
Commercial Registration Number : 9886, Damascus
Invested Capital : SY Pnds 3,000,000
Total Workforce : 10
Activities : Import and distribution of general foodstuffs and consumable items.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
AL AMIR FOR FOOD
PRODUCTS
ADDRESS
Registered & Physical Address
Building : Samir Hassan Building
Street : Pakistan Street, Bouran Avenue
PO Box : 5350
Town : Damascus
Country : Syria
Telephone : (963-11) 4425963 / 4425964
Facsimile : (963-11) 4453358 / 2211491
Email : samirhassan@net.sy
Premises
Subject operates
from a small suite of offices and a warehouse that are owned and located in the
Central Business Area of Damascus.
KEY PRINCIPALS
Name Position
·
Samir Anis
Hassan Proprietor
& General Manager
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Lina Marouf Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1994
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 9886,
Damascus
Invested Capital
: SY Pnds 3,000,000
Mr Samir Anis
Hassan is the sole proprietor of the business.
AFFILIATED COMPANIES
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Film Trading
Co
Samir Hassan Building
Pakistan Street, Bouran Avenue
PO Box : 5350
Damascus
Tel : (963-11) 4425963 / 4425964
Fax : (963-11) 4453358 / 2211491
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Samir Hassan
Co
Arnous Street
Arnous Square
PO Box : 5350
Damascus
Tel : (963-11) 4425963
Fax : (963-11) 2211491
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Arab
Industrial & Marketing
Arnous Street
Arnous Square
PO Box : 5350
Damascus
Tel : (963-11) 4425963
Fax : (963-11) 2211491
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Care
Manufacturing & Marketing Co
Arnous
Street
Arnous Square
PO Box : 5350
Damascus
Tel : (963-11) 4425963 / 4425964 / 4440733
Fax : (963-11) 2211491
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuffs and consumable items.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 10 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
24,800,000 SY Pnds
27,395,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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Commercial
Bank of Syria
Al Nasr Street
PO Box : 314
Damascus
Tel
: (963-11) 2210444
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1994, subject is owned and managed by Mr Samir Anis Hassan 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.
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%)