MIRA INFORM REPORT

 

 

Report Date :

05.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

ARABIAN EXHIBITION MANAGEMENT WLL

 

 

Registered Office :

Villa No. 1, Block No. 414, Road No. 22, Al Deih Area, P O Box 20200, Manama

 

 

Country :

Bahrain

 

 

Date of Incorporation :

06.08.1979

 

 

Com. Reg. No.:

5460-1

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

Providers of Events Management Services

 

 

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

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)

Bahrain

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : ARABIAN EXHIBITION MANAGEMENT WLL

Country of Origin                                    : Bahrain

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : 6th August 1979

Commercial Registration Number            : 5460-1

Chamber Membership Number                : 13022

Issued Capital                                        : BD 20,000

Paid up Capital                                      : BD 20,000

Total Workforce                                     : 25

Activities                                               : Providers of events management services

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 150,000

 

COMPANY NAME

 

ARABIAN EXHIBITION MANAGEMENT WLL

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Villa No. 1, Block No. 414

Street               : Road No. 22

Area                 : Al Deih Area

PO Box             : 20200

Town                 : Manama

Country             : Bahrain

Telephone         : (973-17) 550033

Facsimile          : (973-17) 553288

Mobile               : (973-39) 612226

Email                : aeminfo@batelco.com.bh / aeminfo@aeminfo.com

 

Premises

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

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Sheikh Mohamed Abdullah Khalifa Al Khalifa                                       Chairman

 

·       Sheikh Issa Mohamed Issa Al Khalifa                                                 Director

 

·       Stephen Christopher Key                                                                   Director

 

·       Francis Snowden                                                                              Director

 

·       Kelly Brendan                                                                                   Director

 

·       Led Kelly                                                                                          Director

 

·       Linda Sylvia                                                                                      Director

 

·       Fawaz Al Shehabi                                                                             Marketing Manager

 

·       Shelley Owen                                                                                   Financial Controller

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 6th August 1979

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 5460-1

 

Chamber Member No. : 13022

 

Issued Capital              : BD 20,000

 

Paid up Capital            : BD 20,000

 

Name of Shareholder (s)                                                      Percentage

 

·       International Exhibition Services Ltd                                        77%

 

·       Sheikh Mohamed Abdullah Khalifa Al Khalifa                           14%

 

·       May Sulaiman Mohammed Al Otaibi                                         9%

 

 

OPERATIONS

 

Activities: Engaged in the provision of events management services, specialising in the organisation of trade and

     technical exhibitions.

 

AEM’s calendar of events at the Bahrain International Exhibition Centre cater to a wide range of industry sectors, including oil and gas; refining and petrochemicals; geosciences;  jewellery and watches; health, beauty and spas; property and investment and consumer goods

 

The company has successfully staged over 150 events and has become one of the most well known and respected organisers in the region.

 

AEM is the organiser of the Autumn Fair 2011. Now in its 22nd edition, the Autumn Fair is Bahrain's largest      and most popular consumer products show. This annual exhibition consistently attracts over 190,000 shoppers from Bahrain and Saudi Arabia, whilst also acting as an important sourcing venue for distributors and agents in the Gulf region. A wide range of products are on display during this 9 day extravaganza, ranging from specialty foods to textiles, and furnishings to electrical goods.

 

Subject’s portfolio of events includes:

·         GEO – oil and gas geosciences conference and exhibition

·         MEOS – upstream oil and gas conference and exhibition

·         Middle East Petrotech – refining and petrochemicals conference and exhibition

·         Jewellery Arabia – jewellery and watch exhibition

Subject has a workforce of 25 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

 

·       Gulf International Bank BSC

     Al Dowali Building

     3 Palace Avenue

     PO Box: 1017

     Manama

     Tel: (973-17) 534000 / 534300 / 530030

     Fax: (973-17) (973) 522633 / 522530 / 522629

 

·       Arab Bank Plc

Government Avenue

PO Box: 395

Manama

Tel: (973-17) 229988

Fax: (973-17) 210443

 

 

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.44.84

UK Pound

1

Rs.69.32

Euro

1

Rs.59.79

 

 

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%)

 

 

 

 

 

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.