MIRA
INFORM REPORT
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Report Date : |
15.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOUHIE DIN AL SERAWAN |
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Registered Office : |
Batrikieh
Building, Suite 107, Albezourieh Market, Damascus |
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Country : |
Syria |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2000 |
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Com. Reg. No.: |
9225, Damascus |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and Retail of General Foodstuff Products and
Nuts |
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$ 75,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MOUHIE DIN AL SERAWAN
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 2000
Commercial Registration Number : 9225, Damascus
Invested Capital : SY Pnds 500,000
Total Workforce : 4
Activities : Wholesale and retail of general foodstuff products and nuts
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 75,000
COMPANY NAME
MOUHIE DIN AL
SERAWAN
ADDRESS
Registered & Physical Address
Building : Batrikieh Building, Suite 107
Street : Albezourieh Market
Town : Damascus
Country : Syria
Telephone : (963-11) 2243633
Facsimile : (963-11) 2246177
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Damascus.
KEY PRINCIPALS
Name Position
·
Mouhie
Din Ibn Mohamed Al Serwan Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 9225, Damascus
Invested Capital
: SY Pnds 500,000
Mr Mouhie Din Ibn Mohamed Al Serwan is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
general foodstuff products and nuts.
Import
Countries: Turkey, France
and India
Operating Trend: Steady
Subject has a
workforce of 4 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
51,400,000 SY Pnds
53,200,000
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
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
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.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%)