MIRA
INFORM REPORT
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Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
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Name : |
PHARMA FOODSTUFF TRADING CO WLL |
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Registered Office : |
Al Saliba Industrial Area |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.07.2005 |
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Com. Reg. No.: |
108798 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject operates several divisions (see below for details) ·
Astra Factory For Manufacturer of Dairy Products Juices ·
Pharma Food Filling & Packaging |
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$ 150,000 |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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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 |
SUMMARY
Company Name : PHARMA FOODSTUFF TRADING CO WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 12th July 2005
Commercial Registration Number : 108798
Trade Licence Number : 3602/2005
Chamber Membership Number : 96310
Issued Capital : KD 10,000
Paid up Capital : KD 10,000
Total Workforce : 25
Activities : Subject operates several divisions (see below for details)
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
PHARMA FOODSTUFF TRADING CO WLL
ADDRESS
Registered & Physical Address
Location : Al Saliba Industrial Area
PO Box : 1930
Town : Safat 13020
Country :
Telephone : (965) 24677939
Facsimile : (965) 24677929
Email : info@faunafood.com
Premises
Subject operates from a small suite of offices and a warehouse that are rented
and located in the Industrial Area of Safat.
KEY PRINCIPALS
Name Position
· Khalill Ibrahim Mohamed Al Jaian Managing
Director
· Safa
· Talal Ibrahim Mohamed Al Jaian General
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 12th
July 2005
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 108798
Trade Licence No. : 3602/2005
Chamber Member No. : 96310
Issued Capital : KD 10,000
Paid up Capital : KD 10,000
Name of Shareholder (s)
· Khalill Ibrahim Mohamed Al Jaian
· Safa Nasser Abdulziz Al Marshood
OPERATIONS
Activities: Subject’s operations are performed through the following divisions:
·
Astra Factory For Mfg of
Dairy Products Juices
Specialising in the mixing of juices and
the processing of dairy products.
·
Pharma Food Filling
& Packaging
Engaged in the
filling and packaging of dairy products and juices.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a workforce of 25 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Kuwaiti Dinars (KD)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales KD
2,385,000 KD
2,700,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
National Bank of
PO Box: 95
Safat 13001
Tel: (965) 23981188 / 23981189
Fax: (965) 23985643
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 |
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US Dollar |
1 |
Rs.44.99 |
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1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.80 |
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.