MIRA
INFORM REPORT
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Report Date : |
15.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL TAWOOS AL BRONZE FOR PRINTING |
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Registered Office : |
Canada Dry Road,
Shuwaikh Market 118, No. 26, PO Box 31443, Sulaibikhai 90805 |
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Country : |
Kuwait |
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Date of Incorporation : |
01.04.2007 |
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Com. Reg. No.: |
23050 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Export of General Merchandise |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 10,000 |
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Status : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL TAWOOS AL BRONZE FOR PRINTING
Country of Origin : Kuwait
Legal Form : Sole Proprietorship
Registration Date : 1st April 2007
Commercial Registration Number : 23050
Trade Licence Number : 25714
Chamber Membership Number : 107976
Invested Capital : KD 50,000
Total Workforce : 4
Activities : Import and export of general merchandise
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 10,000
COMPANY NAME
AL TAWOOS AL BRONZE
FOR PRINTING
ADDRESS
Registered & Physical Address
Street : Canada Dry Road
Area : Shuwaikh Market 118, No. 26
PO Box : 31443
Town : Sulaibikhai 90805
Country : Kuwait
Telephone : (965) 4918117 / 4918116
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Sulaibikhai.
KEY PRINCIPALS
Name Position
·
Hana
Mohamed Awad Proprietor
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Ali
Darwish Abdullah Al Aradi General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
April 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 23050
Trade Licence No. : 25714
Chamber Member No. : 107976
Invested Capital
: KD 50,000
Mr Hana Mohamed Awad is the sole proprietor of the
business.
OPERATIONS
Activities: Engaged in the import and export of general
merchandise.
Subject has a
workforce of 4 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Commercial
Bank of Kuwait
Mubarak Al Kabir Street
PO Box : 2861
Safat 13029
Tel : (965) 2411001
Fax : (965) 2450150
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
Local sources have
made several attempts to contact the subject directly but the registered
telephone numbers for the business are not correct.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.94 |
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UK Pound |
1 |
Rs.82.84 |
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Euro |
1 |
Rs.65.95 |
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%)