MIRA
INFORM REPORT
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Report Date : |
13.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
OMAR AL SAKKA |
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Registered Office : |
Oss
Bin Thabit Street, Masaken Al Mualameen Area, PO Box 5252,
Homs |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
1998 |
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Com. Reg. No.: |
45196, Homs |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and Retail of General
Foodstuff |
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 : |
Usually Correct |
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Litigation : |
Clear |
SUMMARY
Company Name : OMAR AL SAKKA
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 1998
Commercial Registration Number : 45196, Homs
Invested Capital : SY Pnds 1,500,000
Total Workforce : 5
Activities : Wholesale and retail of general foodstuff
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : Omar Abdul Ullah Al Sakka, Proprietor
COMPANY NAME
OMAR AL
SAKKA
ADDRESS
Registered & Physical Address
Street : Oss
Bin Thabit Street
Area : Masaken
Al Mualameen Area
PO Box : 5252
Town : Homs
Country : Syria
Telephone : (963-31) 2333366
Facsimile : (963-31) 2342377
Mobile : (963-944) 200310
Email : oalsakka@mail.sy
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Homs.
KEY PRINCIPALS
Name Position
·
Omar
Abdul Ullah Al Sakka Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1998
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 45196, Homs
Invested Capital
: SY Pnds 1,500,000
Mr Omar Abdul Ullah Al Sakka is the sole proprietor of
the business.
AFFILIATED COMPANIES
·
Al Sakka
Trading Co
Oss
Bin Thabit Street
Masaken Al
Mualameen Area
Homs
Tel: (963-31) 2333366
Fax: (963-31) 2342377
Email: oalsakka@mail.sy
OPERATIONS
Activities: Engaged in the wholesale and retail of general foodstuff.
Import
Countries: India and South
East Asia
Operating Trend: Steady
Subject has a
workforce of 5 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
30,300,000 SY Pnds
34,800,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Bank of Syria
and Overseas
Homs
Tel: (963-31) 453925
Fax: (963-31) 453936
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.79 |
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UK Pound |
1 |
Rs.75.41 |
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Euro |
1 |
Rs.61.48 |
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%)