MIRA INFORM REPORT
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Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
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Name : |
MOOLCHAND GENERAL TRADING |
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Registered Office : |
Riffa Area, P O
Box 10460, Manama |
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Country : |
Bahrain |
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Date of Incorporation : |
26.02.2000 |
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Com. Reg. No.: |
44656-1 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of ready made garments, leather products and fashion accessories. |
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No. of Employees
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3 persons |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
Satisfactory |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Bahrain |
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 |
SUMMARY
Company Name : MOOLCHAND GENERAL TRADING
Country of Origin : Bahrain
Legal Form : Sole Proprietorship
Registration Date : 26th February 2000
Commercial Registration Number : 44656-1
Chamber Membership Number : 8921
Invested Capital : BD 10,000
Total Workforce : 3
Activities : Wholesalers and retailers of ready made garments, leather products and fashion accessories.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
Person Interviewed : Jassim Mohamed Ibrahim Al Jawad, Proprietor & General Manager
COMPANY NAME
MOOLCHAND GENERAL TRADING
company ADDRESS
Registered &
Physical Address
Location : Riffa Area
PO Box : 10460
Town : Manama
Country : Bahrain
Telephone : (973-17) 39400171
Facsimile : (973-17) 39400171
Mobile : (973-39) 448544 / 555496 /
(973-36) 491070
Email : aljawad75@hotmail.com
Please note that
subject’s previous address was: Building No. 63, Block No. 913, Road No. 1315,
Manama.
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Manama.
KEY PRINCIPALS
Name Position
·
Jassim
Mohamed Ibrahim Al Jawad Proprietor
& General Manager
·
Rajev
Kothari Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 26th
February 2000
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 44656-1
Chamber Member No. : 8921
Invested Capital
: BD 10,000
Mr Jassim Mohamed
Ibrahim Al Jawad is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
ready made garments, leather products and fashion accessories.
Import
Countries: Europe and GCC
countries.
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Companies
registered in Bahrain are not legally required to make their accounts public
and no financial information was released by the company or submitted by
outside sources.
BANKERS
·
HSBC
Bank Middle East
93 Al Khalifa Avenue
PO Box: 57
Manama 304
Tel: (973-17) 224555 / 222158
Fax: (973-17) 226822
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.03 |
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UK Pound |
1 |
Rs.82.34 |
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Euro |
1 |
Rs.68.99 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.