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MIRA INFORM REPORT
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Report Date : |
20.11.2008 |
IDENTIFICATION DETAILS
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Name : |
R B HILTON LTD ( |
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Registered Office : |
Yard 971, Road 115, Block 601, Sitra Industrial Area, |
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Country : |
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Date of Incorporation : |
14.07.1977 |
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Com. Reg. No.: |
7838, |
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Legal Form : |
Branch of a
Foreign Registered Corporation |
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Line of Business : |
General
insulation, fireproofing, and waterproofing contractors |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : R B HILTON LTD (
Country of Origin :
Legal Form :
Branch of a Foreign Registered Corporation
Registration Date : 14th
July 1977
Commercial
Registration Number : 7838,
Chamber Membership
Number : 4739
Total Workforce : 300
Activities :
General insulation, fireproofing, and waterproofing contractors
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 200,000
COMPANY NAME
R B HILTON LTD (
ADDRESS
Registered &
Physical Address
Location : Yard 971,
Road 115, Block 601, Sitra Industrial Area
PO Box : 26208
Town :
Country :
Telephone : (973-17) 731881
Facsimile : (973-17)
730640
Email : rbhilton@batelco.com.bh
Premises
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Industrial Area of
KEY PRINCIPALS
Name Position
· Garry
McLeen Managing
Director
· Micheal
Dismore General
Manager
· Louis
Mongomery Commercial
Manager
· A.
Johnson Operations
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 14th
July 1977
Legal Form : Subject is the
incorporated in
the
R B
Hilton Ltd (Cape) in
A Branch
of a Foreign Registered Corporation is not a legal entity in its own
right.
Responsibility for payments lays in the hands of the company where it is
originally
registered. It is basically an extension of an existing company abroad
and does not require a
local partner or sponsor.
Commercial Reg.
No. : 7838,
Chamber Member No. : 4739
OPERATIONS
Activities: Engaged as general insulation, fireproofing, and waterproofing
contractors.
Import Countries:
Subject has a workforce of approximately 300 employees.
FINANCIAL DATA
Companies registered in
BANKERS
·
HSBC Bank
PO Box : 57
Tel : (973-17) 224555 / 222158
Fax : (973-17) 226822
Email : bbmemnm@batelco.com.bh
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.52 |
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1 |
Rs.75.54 |
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Euro |
1 |
Rs.63.12 |
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%)