MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
JAMEEL GAZI ALAHAMAD |
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Registered Office : |
Al Muqailabiya, Al Keswa Area, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
15.10.1979 |
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Com. Reg. No.: |
35901, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of General Foodstuff Products |
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 : JAMEEL GAZI ALAHAMAD
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 15th October 1979
Commercial Registration Number : 35901, Damascus
Chamber Membership Number : 18993
Invested Capital : SY Pnds 2,500,000
Total Workforce : 5
Activities : Import and distribution of general foodstuff products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : Jameel Gazi Alahamad, Proprietor
COMPANY NAME
JAMEEL GAZI
ALAHAMAD
ADDRESS
Registered & Physical Address
Location : Al Muqailabiya,
Al Keswa Area
Town : Damascus
Country : Syria
Telephone : (963-11) 6915342
Facsimile : (963-11) 6915342
Mobile : (963-94) 293803
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 Nationality Position
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Jameel Gazi Alahamad Syrian Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 15th
October 1979
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 35901,
Damascus
Chamber Member No. : 18993
Invested Capital
: SY Pnds 2,500,000
Mr Jameel Gazi Alahamad is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuff products, including rice, sugar, tea, nuts and ghee as well
as baby diapers.
Agents for Maminor, Syria.
Import
Countries: Sri Lanka and
Egypt
International
Suppliers:
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Ceylon Sri Lanka
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Al Watania Food Industry Egypt
Brand Names: GOLDEN ORANGE
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 27,900,000 SY
Pnds 32,000,000
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 Syria
Jabri Street
PO Box 1
Damascus
Tel: (963-11) 2212900
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Banque Bemo Saudi Fransi
Bab Touma Branch
Damascus
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Jameel Gazi Alahamad is well established in the local market with
operations dating back to 1979. The business specialises
in the import and distribution of foodstuff products and has a good reputation.
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.49.79 |
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UK Pound |
1 |
Rs.81.27 |
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Euro |
1 |
Rs.63.91 |
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%)