MIRA
INFORM REPORT
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Report Date : |
20.11.2008 |
IDENTIFICATION DETAILS
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Name : |
UNITED BEVERAGE CO KSCC |
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Registered Office : |
Sabhan
Industrial Area, Plot No 2, |
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Country : |
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Date of Incorporation : |
20.03.2006 |
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Com. Reg. No.: |
80490 |
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Legal Form : |
Kuwaiti Shareholding Company Closed - KSCC |
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Line of Business : |
Manufacture of soft drinks, beverages and purified water |
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$ 750,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : UNITED BEVERAGE CO KSCC
Country of Origin :
Legal Form : Kuwaiti Shareholding Company Closed - KSCC
Start Date : 1954
Registration Date : 20th March 2006
Commercial Registration Number : 80490
Trade Licence Number : 10341
Chamber Membership Number : 100446
Issued Capital : KD 10,000,000
Paid up Capital : KD 10,000,000
Total Workforce : 1,500
Activities : Manufacture of soft drinks, beverages and purified water
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 750,000
COMPANY NAME
UNITED
BEVERAGE CO KSCC
ADDRESS
Registered &
Physical Address
Location : Sabhan
Industrial Area, Plot No 2
PO Box : 224
Town : Safat 13003
Country :
Telephone : (965) 24769909 / 24727211
Facsimile : (965) 24723445
Email : f.al-eidan@unibevkw.com
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Safat.
KEY PRINCIPALS
Name Position
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Mohamed Jassim Al Saqr Chairman
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Ahmed G. Al Naqeeb Managing
Director
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Ali G. Al Naqeeb Director
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Sajida G.Al Naqeeb Director
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Jassim Hamd Al Saqr Director
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Khaled Abdullah Hamd Al Saqr Director
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Mohamed Saleh Behbahani Director
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Talal Mohamed Behbhani Director
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Essam Jassim Al Saqr Director
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Fahd Al Eidan General
Manager
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Wail Ahmed Hassan Logistics
Manager
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Sami Ullah Bhratt Purchasing
Manager
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R.M Ganapathi Finance
Manager
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Raza Abbas Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 1954, however it was registered on 20th
March 2006
Legal Form :
Kuwaiti Shareholding
Company Closed - KSCC
Commercial Reg. No. : 80490
Trade Licence No. : 10341
Chamber Member No. : 100446
Issued Capital : KD 10,000,000
Paid up Capital : KD 10,000,000
Name of Shareholder (s)
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Mohamed Jassim Al Saqr
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Ahmed G. Al Naqeeb
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Ali G. Al Naqeeb
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Sajida G.Al Naqeeb
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Jassim Hamd Al Saqr
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Khaled Abdullah Hamd Al Saqr
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Mohamed Saleh Behbahani
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Talal Mohamed Behbhani
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Essam Jassim Al Saqr
OPERATIONS
Activities: Engaged in the manufacture of soft drinks, beverages and purified water.
Import
Countries:
Brand Names: PEPSI, 7UP and
MIRANDA
Subject has a
workforce of approximately 1,500 employees.
FINANCIAL DATA
Companies
registered in
was released by the
company or submitted by outside sources.
BANKERS
·
Commercial
Bank of
PO Box : 2861
Safat 13029
Tel : (965) 2411001
Fax : (965) 2450150
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.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)