MIRA INFORM REPORT
|
Report Date : |
28.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
NEBRAS PRINTING PRESSES CO. W.L. |
|
|
|
|
Registered Office : |
Shop No. 1340 A, No. 1326, No. 713, P.O.Box No.: 26711,
Tubli |
|
|
|
|
Country : |
Bahrain |
|
|
|
|
Date of Incorporation : |
02.10.2005 |
|
|
|
|
Com. Reg. No.: |
10468-05 |
|
|
|
|
Legal Form : |
branch of a Limited Liability Company |
|
|
|
|
Line of Business : |
Printing House |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
BD 10,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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) |
|
Bahrain |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
NAME
Nebras
Printing Presses Co. W.L.L. (Correct)
Nebras Printing Presses (Requested)
Company ADDRESS
Building :
Shop No. 1340 A
Street :
Road No. 1326
Area :
Block No. 713
P.O.Box No. : 26711
Town :
Tubli
Country :
Bahrain
Telephone :
(973) 1789 6402 / 1753 6851
Fax :
(973) 1789 6403
E-Mail
: mpmp@batelco.com.bh
SENIOR COMPANY PERSONNEL
Name Position
1. Siddiq Mohammed Aqeel Arshi Managing
Director
2.
Zahir Beij General Manager
Total Employees : 5
PAYMENTS
No complaints have been heard
regarding payments from local suppliers or banks.
This undertaking comprises a
registered branch of Modern Printing Machines & Paper Co. WLL.
We consider it is acceptable to
deal with subject for SMALL amounts,
however it should be borne in
mind that subject is only a branch
operation and international
suppliers may prefer to see the complete
picture by obtaining information on
Marwa Trading And Contracting Establishment.
Opinion on maximum credit : BD
10,000 (due attention will be given to the above remarks)
Trade risk assessment: Normal
Opinion on the credit figure of
US DLRS 150,000 :
The above figure is higher than
normally seen in one amount, however could prove admissible in a series of
transactions provided the total indebtedness is strictly monitored.
PRINCIPAL
BANKERS
NAME : AHLI UNITED BANK
Branch : Seef Branch
P.O. Box : 2424
Town : Manama
Telephone: (973) 1758 5858
Fax : (973) 1758 0569
FINANCIAL
INFORMATION
Private companies in Bahrain are
not required to publish or disclose balance sheets. Balance sheets are not
available from other sources, and the subject interviewed declined to give any
financial information, which the company regards as strictly confidential.
The following information applies
to Modern Printing Machines & Paper Co. WLL.:
Sales Turnover : BD 625,000 - 2007 - exact
: BD 650,000 - 2008 - exact
Net Profit : BD
11,000 - 2007 - exact
: BD 14,000 - 2008 - exact
Financial year ends 31 March.
LEGAL STATUS AND
HISTORY
Date Started : 2 October 2005
History : The subject company was
established in Bahrain on 2 October 2005 as a registered branch of Modern
Printing Machines & Paper Co. WLL owned by Siddiq
Mohammed Aqeel Arshi (95%) and his wife Samiya Mohammed Saleh (5%). On 30
January 2011, Siddiq Mohammed Aqeel Arshi became the sole shareholder. Subject
was established in 2005 and up until December 2009 was dormant. In January 2010
subject resumed trading.
Sub C.R. No. : 10468-05 (expiry
date: 02/10/2012)
Authorised Capital : BD 100,000
Paid-Up Capital : BD 100,000
Subject is a registered branch of a Limited Liability Company with the
following officials :
1. Siddiq Mohammed Aqeel
Arshi
2. Zahir Beij
Subject is a registered branch of
the following company :
Modern Printing Machines &
Paper Co. WLL.
Building No. 372B
Road No. 1805
Al Hoora Area, Block No. 318
P.O. Box 26711
Manama
Telephone: (973) 1753 6851 / 1725 1246 / Mobile (973)
3933 4346
Fax :
(973) 1753 6850
Sole Shareholder : Siddiq
Mohammed Aqeel Arshi (Bahraini national)
Affiliated company of Modern
Printing Machines & Paper Company WLL:
Associate
Al Nozha Restaurant
Building 358
Block 321 Town
PO Box 26711
Manama
C.R. No. : 70034-1
Date of Registration: 09/10/2008
ACTIVITIES
The Company is involved in the
following activities :
Operators of a printing house.
NACE Code : 1812
Imports from India.
Subject only sells locally and
does not engage in re-export business.
FACILITIES
The Company has the following
facilities :
Rented administrative offices, a printing
house and storage facilities located at the heading address.
SPECIAL NOTE
You enquired on: Nebras Printing
Presses. Please note that the correct name is as per heading.
The address given by you:
Building No.1340block No.713, Road 1326 Tublikindgdom Of Bahrain is misspelt.
Please note that the correct spelling is as per heading.
Interviewed: Siddiq Mohammed
Aqeel Arshi (Managing Director).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.40 |
|
UK Pound |
1 |
Rs.73.26 |
|
Euro |
1 |
Rs.65.17 |
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 |
|
---- |
NB |
New Business |
---- |
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.