MIRA INFORM
REPORT
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Report Date : |
26.03.2011 |
IDENTIFICATION DETAILS
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Name : |
AL KHAT PACKAGING CO WLL |
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Registered Office : |
Shuaiba Industrial
Area, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.02.2001 |
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Com. Reg. No.: |
118238 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Manufacturers of packaging
products, boxes, paper bags and cup holders |
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$ 700,000 |
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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
|
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 : AL KHAT PACKAGING CO WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 14th February 2001
Commercial Registration Number : 118238
Trade Licence Number : 11827
Chamber Membership Number : 68520
Issued Capital : KD 800,000
Paid up Capital : KD 800,000
Total Workforce : 250
Activities :
Manufacturers of packaging products,
boxes, paper bags and cup
holders.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 700,000
Person Interviewed : Thamer Al Hassan, General Manager
COMPANY NAME
AL KHAT PACKAGING
CO WLL
company ADDRESS
Registered & Physical Address
Location : Shuaiba Industrial Area
PO Box : 10183
Town : Shuaiba 65452
Country :
Telephone : (965) 23260832 / 23260819 / 1822000
Facsimile : (965) 23260934
Email : samerspa@alkhatpackaging.com
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Shuaiba.
KEY PRINCIPALS
Name Position
·
Bayoumi
Fathi Bayoumi Mohamed Managing
Director
·
Hamed
Rashid Abdulrahman Al Bassam Director
·
Saqr
Ahmed Saqr Al Maousherji Director
·
Mohamed
Saqr Saad Al Maousherji Director
·
Mohamed
Hassan Mahmoud Mohamed Director
·
Mohamed
Abu Khalid Al Maousherji Director
·
Thamer
Al Hassan General
Manager
·
Emad
Farooq Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 14th
February 2001
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 118238
Trade Licence No. : 11827
Chamber Member No. : 68520
Issued Capital : KD 800,000
Paid up Capital : KD 800,000
Name of Shareholder
(s)
·
Bayoumi
Fathi Bayoumi Mohamed
·
Hamed
Rashid Abdulrahman Al Bassam
·
Saqr
Ahmed Saqr Al Maousherji
·
Mohamed
Saqr Saad Al Maousherji
·
Mohamed
Hassan Mahmoud Mohamed
·
Mohamed
Abu Khalid Al Maousherji
AFFILIATED COMPANIES
·
Al Khat
Web Printing Co WLL
·
Al
Maousherji Catering Co
·
Arabi Industrial Services & Supplies Company
·
Gulf
Paper Manufacturing Co
·
Al Maousherji Economic Newspaper
·
Al Farabi Investment Company
·
Rawdah Paper Bag Manufacturing Company
OPERATIONS
Activities: Engaged in the manufacture of packaging products, boxes, paper bags and
cup holders.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of approximately 250 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 5,150,000 KD 5,800,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Thamer Al
Hassan, General Manager
BANKERS
·
Commercial
Bank of
PO Box: 2861
Safat 13029
Tel: (965) 22411001
Fax: (965) 22450150
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.44.65 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.63.28 |
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 |
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.