MIRA INFORM REPORT

 

 

Report Date :

22.02.2011

 

IDENTIFICATION DETAILS

 

Name :

MOHAMED ZUHAIR BIN ADNAN TALLAWI

 

 

Registered Office :

Badr Eddine Street, Sahat Al Asi, Hama

 

 

Country :

Syria

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.06.2008

 

 

Com. Reg. No.:

2974, Hama

 

 

Legal Form :

Sole Proprietorship

 

 

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$ 80,000

Status :

Satisfactory

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Syria

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : MOHAMED ZUHAIR BIN ADNAN TALLAWI

Country of Origin                                    : Syria

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 1st June 2008

Commercial Registration Number            : 2974, Hama

Invested Capital                                     : SY Pnds 500,000

Total Workforce                                     : 6

Activities                                               : Distributors of general foodstuff products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 80,000

 

 

COMPANY NAME

 

MOHAMED ZUHAIR BIN ADNAN TALLAWI

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Badr Eddine Street

Area                 : Sahat Al Asi

Town                 : Hama

Country             : Syria

Telephone         : (963-33) 234935

Facsimile          : (963-33) 234935

Mobile               : (963-95) 5780483

 

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Hama.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Al Arbeen Street                                                                               Office premises

Hama

Tel: (963-33) 417503

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Mohamed Zuhair Bin Adnan Tallawi                                                     Proprietor & General Manager

 

·       Hossam Kojjan                                                                                 Assistant General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1st June 2008

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 2974, Hama

 

Invested Capital           : SY Pnds 500,000

 

Mr Mohamed Zuhair Bin Adnan Tallawi is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of general foodstuff products, including tea, sugar, rice, spices and canned foods.

 

Import Countries: Europe and the Far East.

 

Operating Trend: Steady

 

Subject has a workforce of 6 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Syrian Pounds (SY Pnds)

 

                                                Year Ending 31/12/09:                Year Ending 31/12/10:

 

Total Sales                                SY Pnds 38,500,000                  SY Pnds 45,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Commercial Bank of Syria

Al Kouatly Street

Hama

Tel: (963-33) 510919

Fax: (963-33) 223827

 

 

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.45.11

UK Pound

1

Rs.73.25

Euro

1

Rs.61.70

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.