MIRA INFORM
REPORT
|
Report Date : |
07.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALMOAYYED INTERNATIONAL GROUP |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.04.1979 |
|
|
|
|
Com. Reg. No.: |
1578-2, |
|
|
|
|
Legal Form : |
Closed Joint Stock Company |
|
|
|
|
Line of Business : |
Holding Company |
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$ 500,000 |
|
|
|
|
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) |
|
|
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 : ALMOAYYED INTERNATIONAL GROUP
Country of Origin :
Legal Form : Closed Joint Stock Company
Registration Date : 11th April 1979
Commercial Registration Number : 1578-2,
Chamber Membership Number : 2570
Issued Capital : BD 1,000,000
Paid up Capital : BD 1,000,000
Total Workforce : 200
Activities : Holding company
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 500,000
COMPANY NAME
ALMOAYYED INTERNATIONAL GROUP
compaNY ADDRESS
Registered & Physical Address
Street :
Area : Area 635, Mameer
PO Box : 26259
Town :
Country :
Telephone : (973-17) 700777
Facsimile : (973-17) 701211
Email : aigbah@almoayyedintl.com.bh
Premises
Subject operates
from a large suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Manama.
KEY PRINCIPALS
Name Position
·
Farouk
Yousef Almoayyed Chairman
·
Mohamed
Farouk Yousef Almoayyed Managing
Director
·
Hala
Farouk Yousef Almoayyed Director
·
Mashael
Farouk Yousef Almoayyed Director
·
Fayda
Farouk Yousef Almoayyed Director
·
C V
Raman Murthy Chief
Executive Officer
·
Sirin
Vasan International
Operations Manager
·
Anil
Kumar Commercial
Manager
·
Mangesh
Desai Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 11th
April 1979
Legal Form :
Closed Joint Stock Company
Commercial Reg. No. : 1578-2,
Chamber Member No. : 2570
Issued Capital : BD 1,000,000
Paid up Capital : BD 1,000,000
Name of Shareholder
(s)
·
Farouk
Yousef Almoayyed
·
Mohamed
Farouk Yousef Almoayyed
·
Hala
Farouk Yousef Almoayyed
·
Mashael
Farouk Yousef Almoayyed
·
Fayda
Farouk Yousef Almoayyed
AFFILIATED COMPANIES
Subject belongs to the Almoayyed group of companies that consists of the
following concerns:
·
Almoayyed Safety & Industrial
Centre WLL (Asic)
·
Almoayyed Ironmongery &
Fabrication Services WLL
( Aifs)
· Almoayyed
Agil Freight Logistics WLL
·
Almoayyed Steel Industries Corporation WLL
·
International Foodservice WLL
·
Alkawakeb Real Estate SPC
·
Season
International Trading Co WLL (Sitco)
OPERATIONS
Activities: Engaged as a holding company for members of
the Almoayyed group of companies.
Subject is also engaged in the import and distribution of
building materials and decorating products and the provision of office digital solutions.
Import
Countries: Europe and the
Subject has a
workforce of approximately 200 employees.
FINANCIAL DATA
Companies registered
in
BANKERS
·
Arab
Bank Plc
Government Avenue
PO Box: 395
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.45.31 |
|
|
1 |
Rs.70.26 |
|
Euro |
1 |
Rs.59.56 |
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.