MIRA INFORM
REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
ABDUL JALIL RADMAN FOR TRADING & INDUSTRY
CO LTD |
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|
|
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Registered Office : |
Al Metraq Street,
P O Box 3576, Hodeidah |
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|
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Country : |
Yemen |
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Date of Incorporation : |
18.12.1977 |
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Com. Reg. No.: |
110, Hodeidah |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of general foodstuff products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
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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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Yemen |
b2 |
b2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : ABDUL JALIL RADMAN FOR TRADING & INDUSTRY CO LTD
Country of Origin : Yemen
Legal Form : Limited Liability Partnership
Start Date : 18th December 1977
Registration Date : 4th February 1982
Commercial Registration Number : 110, Hodeidah
Chamber Membership Number : 62
Issued Capital : YR 200,000,000
Paid up Capital : YR 200,000,000
Total Workforce : 160
Activities : Distributors of general foodstuff products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY
NAME
ABDUL JALIL RADMAN
FOR TRADING & INDUSTRY CO LTD
company
ADDRESS
Registered & Physical
Address
Location : Al Metraq Street
PO Box : 3576
Town : Hodeidah
Country : Yemen
Telephone : (967-3) 213200 / 245113
Facsimile : (967-3) 211816 / 211536
Email : radmanco@y.net.ye
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Hodeidah.
KEY
PRINCIPALS
Name Position
·
Abdul
Jalil Radman Ahmed Qassim Managing
Partner
·
Dr
Mohamed Radman Ahmed Qassim Partner
·
Khalid
Abdulrahim Radman Commercial
Manager
·
Fouzi
Abdul Malik Radman Finance
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 18th
December 1977, however subject was registered on 4th February 1982
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 110,
Hodeidah
Chamber Member No. : 62
Issued Capital : YR 200,000,000
Paid up Capital : YR 200,000,000
Name of Partners
·
Abdul
Jalil Radman Ahmed Qassim
·
Dr
Mohamed Radman Ahmed Qassim
AFFILIATED
COMPANIES
·
United
Dairy & Food Industries Ltd
PO Box: 3800
Hodeidah
Tel: (967-3) 268222
Fax: (967-3) 268122
OPERATIONS
Activities: Engaged in the import and distribution of general
foodstuff products, including tomato paste, rice, sugar, tea, milk and energy
drinks.
Import
Countries: Turkey, India
and Kenya
Subject has a
workforce of approximately 160 employees.
FINANCIAL
DATA
Companies
registered in Yemen are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Tadamon
International Islamic Bank
Port Street
Hodeidah
Tel: (967-3) 208844
Fax: (967-3) 208877
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 company
is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
|
1 |
Rs.7208 |
|
Euro |
1 |
Rs.63.66 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.