MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DAR AL MUNA GENERAL TRADING & CONTRACTING
EST. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.10.2010 |
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Com. Reg. No.: |
119669 |
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Legal Form : |
branch of a Proprietorship |
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Line of Business : |
importers and wholesalers of a wide range of
foodstuff including rice, oils and spices |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US DLRS 150,000 |
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Status : |
New Business |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company NAME
Dar Al Muna General Trading & Contracting Est. (Correct)
DHAR AL MUNA GEN TRAD &
CONT EST (Requested)
company ADDRESS
Building :
Street :
Area : Fahaheel
P.O.Box No. : 11
Town : Fahaheel 51012
Country :
Telephone :
(965) 2391 1452 / (
Nafie
Al Aanzi)
Fax :
(965) 2371 1390
Also known as :
Dar Al Muna Gen. Trad. & Cont. Est
SENIOR
COMPANY PERSONNEL
Name Position
1. Ahmad Farhan Nafie Al Aanzi General Manager
(husband of Muna Owaid
Mohammed Al Aanzi)
2. Arif Ali Abdul
Rahman Branch Manager
Total Employees :
4
PAYMENTS
No trade
experience of payments is available.
This undertaking
comprises a newly (October 2010) registered branch of Dar Al Muna Import,
Export & Commission Agent Est.
Opinion on maximum
credit : As the company has recently started trading and has no financial or
payment
track record, we recommend dealing on fully secured terms.
Trade risk
assessment : High
Opinion on the
credit figure of US DLRS 150,000 :
See above
comments.
PRINCIPAL BANKERS
NAME :
Branch :
Main branch
PO Box :
24989
Town :
Safat 13110
Telephone : (965) 2244 5050
Fax :
(965) 2245 5136
The company also
has an account with :
Commercial Bank Of
Safat 13029
Telephone : (965) 2241 1001
Fax :
(965) 2245 0150
FINANCIAL INFORMATION
As the Company has only recently started
trading, relevant financial information is not available.
LEGAL STATUS AND HISTORY
Date Started : 12 October 2010
Sub C.R. No. : 119669
KCCI Membership
No.: 125165 (expiry date: 29/03/2012)
Capital : not applicable
Subject is a registered branch of a Proprietorship with the following officials : 1. Ahmad Farhan Nafie Al Aanzi 2. Arif Ali Abdul Rahman Subject is a
registered branch of the following establishment :
Dar Al Muna
Import, Export & Commission Agent Est.
Al Mangaf
Telephone: (965)
2394 1271
C.R. No. : 119669
KCCI Membership
No.: 107752 (valid)
Est. : 26/03/2007
Owner : Muna Owaid
Mohammed Al Aanzi (Mrs) (Kuwaiti national)
ACTIVITIES
The Company is
involved in the following activities :
Trading as
importers and wholesalers of a wide range of foodstuff including rice, oils and
spices.
NACE Code : 4633 /
4637
Imports from
Subject only sells
locally and does not engage in re-export business.
FACILITIES
The Company has
the following facilities :
Rented
administrative offices and storage facilities located at the heading address.
SPECIAL NOTE
You enquired on:
DHAR AL MUNA GEN TRAD & CONT EST. Please note that the correct name is as per heading.
The address given
by you:
The contact person
name given by you: MUZAFFAR ALI ABDUL RAHMAN is incorrect. Please note that the
correct name is: Arif Ali Abdul Rahman.
Interviewed: Ahmad
Farhan Nafie Al Aanzi (General Manager).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.