MIRA
INFORM REPORT
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Report Date : |
25.11.2008 |
IDENTIFICATION DETAILS
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Name : |
MOHAMED ZARZOUR EST |
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Registered Office : |
Bouzrieh, Dakakin
Area, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1968 |
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Com. Reg. No.: |
11041, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of general foodstuff products and beverages,
as well as offering packaging of coffee, beans, and
falafel |
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 : MOHAMED ZARZOUR EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1968
Commercial Registration Number : 11041,
Chamber Membership Number : 22367
Invested Capital : SY Pnds 1,000,000
Total Workforce : 12
Activities : Import and distribution of general foodstuff products and beverages, as well as offering packaging of coffee, beans, and falafel
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
MOHAMED ZARZOUR EST
ADDRESS
Registered & Physical Address
Location : Bouzrieh, Dakakin Area
PO Box : 1013
Town :
Country :
Telephone : (963-11) 2217145 / 2236170
Facsimile : (963-11) 2249120
Email : zarzour.co@net.sy
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Damascus.
KEY PRINCIPALS
Name Position
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Mohamed
Kamel Zarzour Proprietor
& General Manager
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Kamel Mohamed Zarour Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1968
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 11041,
Chamber Member No. : 22367
Invested Capital
: SY Pnds 1,000,000
Mr Mohamed Kamel
Zarzour is the sole proprietor of the business.
AFFILIATED COMPANIES
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Zarzour
Co
Bouzrieh, Dakakin Area
PO Box : 1013
Tel : (963-11) 2217145 / 2236170
Fax : (963-11) 2249120
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Al
Beshir for Trade & Industry
Bouzrieh, Dakakin Area
PO Box: 1013
Tel: (963-11) 2217145 /
2236170
Fax: (963-11) 2249120
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuff products and beverages, as well as offering
packaging of coffee,
beans, and falafel.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 12 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
29,870,000 SY Pnds
35,100,000
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
Tel: (963-11) 2225870
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1968,
subject is owned and managed by Mr Mohamed Kamel Zarzour 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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1 |
Rs.75.45 |
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Euro |
1 |
Rs.64.21 |
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%)