MIRA
INFORM REPORT
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Report Date : |
07.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRAMS LUMBER TRADING CO WLL |
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Registered Office : |
Plot No. 46,
Building 4B, Tunis Street, Hawalli Area, PO Box 41290, Jeelab Shoukh 85853 |
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Country : |
Kuwait |
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Date of Incorporation : |
10.09.2008 |
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Com. Reg. No.: |
117781 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and Distribution of Lumber and Wood Products |
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$ 5,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : TRAMS LUMBER TRADING CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 10th September 2008
Commercial Registration Number : 117781
Trade Licence Number : 6831/2006
Chamber Membership Number : 116438
Issued Capital : KD 30,000
Paid up Capital : KD 30,000
Total Workforce : 4
Activities : Import and distribution of lumber and wood products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 5,000
COMPANY NAME
TRAMS LUMBER
TRADING CO WLL
ADDRESS
Registered & Physical Address
Building : Plot No. 46, Building 4B
Street : Tunis Street
Area : Hawalli
Area
PO Box : 41290
Town : Jeelab Shoukh 85853
Country : Kuwait
Telephone : (965) 24818089
Facsimile : (965) 24818089
Mobile : (965) 99724343 / 66528568
Email : akhshab@gmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Industrial
Area of Safat.
KEY PRINCIPALS
Name Nationality Position
·
Ali
Abdullatif Ali Al Duwaisan Kuwaiti Managing Director
·
Thomas
J. John Indian Director
LEGAL FORM & OWNERS
Date of Establishment : 10th
September 2008
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 117781
Trade Licence No. : 6831/2006
Chamber Member No. : 116438
Issued Capital : KD 30,000
Paid up Capital : KD 30,000
Name of Shareholder (s)
·
Ali
Abdullatif Ali Al Duwaisan
·
Thomas
J. John
OPERATIONS
Activities: Engaged in the import and distribution of
lumber and wood products.
Subject has a
workforce of 4 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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National Bank
of Kuwait
Ali Awadi Tower
Ahmed Al Jaber Street
PO Box 95
Safat 13001
Tel: (965) 3981188 / 3981189
Fax: (965) 3985643
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
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%)