MIRA INFORM REPORT

 

 

Report Date :           

18.07.2011

 

IDENTIFICATION DETAILS

 

Name :

AL HALABI & CO GOLD STONE

 

 

Registered Office :

Avenue El Saida Zeineb, Dibla Area, P.O.Box No. 47, Damascus

 

 

Country :

Syria

 

 

Year of Establishment :

1994

 

 

Com. Reg. No.:

6399 

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Trading in precious metals and stones

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

EURO 100,000

 

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Syria

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company NAME

 

Al Halabi & Co Gold Stone

 

 

Company ADDRESS

 

Street               : Avenue El Saida Zeineb

Area                 : Dibla Area

P.O.Box No.      : 47

Town                 : Damascus

Country             : Syria

Telephone         : (963 11) 544 4947

 

 

PAYMENTS

 

No trade experience of payments is available.

 

Our sources could not contact the company and obtain a direct

interview. Our show the following telephone number is listed for the subject : (963 11) 544 4947. This telephone number is continuously unobtainable. No other telephone numbers are listed for the subject at the local telephone directory.

 

Information in this report was obtained from the third party sources

only.

 

Opinion on maximum credit : In view of the above we have insufficient

                            basis on which to speak for unsecured

                            credit and recommend dealing on fully

                            secured terms for all transactions

                            pending fuller knowledge.

 

Trade risk assessment : High

 

Opinion on the credit figure of EURO 100,000 :

 

See above comments.

 

 

PRINCIPAL BANKERS

 

NAME     : COMMERCIAL BANK OF SYRIA

Branch   : Youssef Azmeh Square

PO Box   : 933

Town     : Damascus

 

Telephone: (963 11) 221 8890 / 221 8891 / 222 2481

Fax           : (963 11) 221 6975

 

This Bank has been approached a number of times, however no reply has

been received.

 

 

FINANCIAL INFORMATION

 

Balance sheets are not available and no financial information could be obtained from third party sources.

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 1994

 

C.R. No. : 6399 

 

Capital : not applicable

 

Proprietorship owned by :

 

Details of the subject's owner could not be obtained from the

Companies' Registry.

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Registered activities : Trading in precious metals and stones.

 

 

FACILITIES

 

The Company has the following facilities :

 

Registered office located at the heading address.

 

 

SPECIAL NOTE

 

Interviewed: Third party sources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.53

UK Pound

1

Rs.71.91

Euro

1

Rs.62.98

 

 

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.