MIRA INFORM
REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
FATTOUH CO FOR INDUSTRY & COMMERCE |
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Registered Office : |
92 Al
Khaldia Street, Turbat Lala Area, P O Box 4761, Aleppo |
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Country : |
Syria |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.05.1987 |
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Com. Reg. No.: |
6967, Aleppo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production of detergents, washing liquids and powders, shampoo and air fresheners |
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$ 200,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Syria |
c1 |
c1 |
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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 |
Bottom of Form
SUMMARY
Company Name : FATTOUH CO FOR INDUSTRY & COMMERCE
Country of Origin : Syria
Legal Form : Limited Liability Partnership
Registration Date : 26th May 1987
Commercial Registration Number : 6967, Aleppo
Chamber Membership Number : 6015
Issued Capital : SY Pnds 6,000,000
Paid up Capital : SY Pnds 6,000,000
Total Workforce : 200
Activities : Production of detergents, washing liquids and powders, shampoo and
air fresheners
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
Person Interviewed : Nabil Yusri, Commercial Manager
COMPANY NAME
FATTOUH CO FOR INDUSTRY & COMMERCE
company ADDRESS
Registered & Physical Address
Street : 92 Al
Khaldia Street
Area : Turbat
Lala Area
PO Box : 4761
Town : Aleppo
Country : Syria
Telephone : (963-21) 2688477
/ 2632661 / 2632662
Facsimile : (963-21) 2632664
Mobile : (963-94) 4240835 / 5555440
Email : info@fattoh.com
Premises
Subject operates
from a large suite of offices that are rented and located in the Industrial
Area of Aleppo.
Branch Office (s)
Location Description
·
Kafr Taal Area Owned
factory premises
Ouram Al Kobra
Aleppo
Tel: (963-21) 6310810
Fax: (963-21)
6310810
KEY PRINCIPALS
Name Position
·
Abdul Qader Fattouh Ibn Abdul Fattah Managing
Partner
·
Nasser Fattouh Ibn Abdul Fattah Partner
·
Zaki Fattouh Ibn Abdul Fattah Partner
·
Nabil Yusri Commercial
Manager
·
Noor Kabbani Administrative
Officer
LEGAL FORM & OWNERS
Date of Establishment : 26th
May 1987
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 6967, Aleppo
Chamber Member No. : 6015
Issued Capital : SY Pnds 6,000,000
Paid up Capital : SY Pnds 6,000,000
Name of Shareholder
(s)
·
Abdul Qader Fattouh Ibn Abdul Fattah
·
Nasser Fattouh Ibn Abdul Fattah
·
Zaki Fattouh Ibn Abdul Fattah
OPERATIONS
Activities: Engaged in the production of detergents,
washing liquids and powders, shampoo and air fresheners.
Import
Countries: Spain, France
and Italy
International
Suppliers:
·
DGF Spain
Export
Countries: Lebanon and Saudi Arabia
Brand Names: FATTOUH, WHITE
CLOTH, PRATIK, CLEANOX and RUCO TEX
Operating Trend: Steady
Subject has a
workforce of approximately 200 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
268,000,000 SY Pnds
275,000,000
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
Kastel Hajjarin Street
Aleppo
Tel: (963-21) 4239601
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.64.58 |
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.