MIRA INFORM REPORT

 

 

Report Date :           

16.03.2011

 

IDENTIFICATION DETAILS

 

Name :

AL ZAMIL NAILS & SCREWS FACTORY 

 

 

Registered Office :

Mina Salman Area, Block 343, near Hempel Paint , P.O. Box  285, Manama

 

 

Country :

Bahrain

 

 

Date of Incorporation :

09.10.1979

 

 

Com. Reg. No.:

50357-5

 

 

Legal Form :

branch of a Bahraini Shareholding Company

 

 

Line of Business :

Manufacturers and distributors of nails and screws

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

BD 30,000

 

 

Status :

Small Company 

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Bahrain

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company NAME

 

Al Zamil Nails & Screws Factory

 

 

company ADDRESS

 

Area                             : Mina Salman Area, Block 343, near Hempel Paint

P.O. Box           : 285

Town                 : Manama

Country             : Bahrain

Telephone         : (973) 1772 3539 / 1772 5442 / 1782 5747 / 1772 5448

Fax                   : (973) 1772 7298

E-Mail               : jkoshy@zamilgroup.bh  

 

Also known as : Al Zamil Nail & Screws Factory

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                Position

 

1. Tawfiq Abdulla Hamad Alzamil             Chairman

 

3. Hamad Bosaiba                                 General Manager

 

4. John Koshy                                                   Factory Manager

 

5. Sanjay Wasadel                                 Chief Accountant

 

Total Employees :          26 (subject)

                                    1,000 plus (Al Zamil Group B.S.C.)

                                    25,000 (group)   

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

This undertaking comprises a registered branch of Al Zamil Group B.S.C.

 

We consider it is acceptable to deal with subject for SMALL amounts,

however it should be borne in mind that subject is only a branch

operation and international suppliers may prefer to see the complete

picture by obtaining information on Al Zamil Group B.S.C.

 

Opinion on maximum credit : BD 30,000 (due attention will be given to the above remarks)

 

Trade risk assessment: Normal

 

 

Opinion on the credit figure of US DLRS 150,000 :

 

The above figure is higher than normally seen in one amount, however could prove admissible if split into two transactions provided the total indebtedness is strictly monitored.

 

 

PRINCIPAL BANKERS

 

NAME                           : Bank of Bahrain & Kuwait (BBK)

Branch                          : 43 Government Avenue

PO Box                         : 597

Town                             : Manama

Telephone                     : (973) 1722 3388

Fax                               : (973) 1722 9822

 

 

FINANCIAL INFORMATION

 

Private companies in Bahrain are not required to publish or disclose balance sheets. However, the subject interviewed offered the following information :

 

Sales Turnover          : BD 500,000 - 2010 - approx

 

Financial year ends 31 December.                       

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 9 October 1979

 

History : The subject company was established in Bahrain on 9 October 1979 (Sub C.R. No.: 1380-3) as a registered branch of Alzamil Marble Factory (C.R. No.: 1380-1). On 4 February 2010, subject became a registered branch of Al Zamil Group B.S.C (C.R. No.: 50357-1).

 

Sub C.R. No. : 50357-5 (expiry date: 04/02/2013)

 

Authorised Capital : BD 2,088,000

 

Paid-Up Capital : BD 1,044,000

 

Subject is a branch of a Bahraini Shareholding Company (Closed) with the following officials:

 

Al Zamil Group B.S.C. (Closed)

AL Zamil Tower, 21st floor, Road 2831, Block 305, Building 31,

office 1

Government Avenue

PO Box 285

Manama

Telephone: (973) 1750 0006

Fax      : (973) 1750 0010

E-Mail   : zgroup@zamilgroup.com.bh

Website  : www.zamil.com

C.R. No. : 50357-1

Est. : 11 March 2003

Capital : BD 2,088,000

Bahraini Shareholding Company (closed joint stock company) with the

following shareholders :

 

1.  Adib Abdulla Hamad Alzamil                  

    (Saudi national) 

 

2.  Waleed Abdulla Hamad Alzamil                     

    (Saudi national)

 

3.  Tawfiq Abdulla Hamad Alzamil                                

    (Saudi national)

 

4.  Fahad Abdulla Hamad Alzamil                     

    (Bahraini national)

 

5.  Abdulrahman Abdulla Hamad Al-Zamil                 

    (Saudi national)

 

6.  Hamed Abdulla Hamad Al-Zamil                       

    (Saudi national)

 

7.  Abdulaziz Abdulla Hamad Al-Zamil                             

    (Saudi national)

 

8.  Zamil Abdulla Hamad Al-Zamil                       

    (Saudi national)

 

9.  Ahmed Abdulla Hamad Al-Zamil                       

    (Saudi national)

 

10. Sulaiman Abdulla Hamad Al-Zamil                    

    (Saudi national)

 

11. Khaled Abdulla Hamad Al-Zamil                      

    (Saudi national)

 

12. Tawfiq Abdulla Hamad Alzamil                       

    (Saudi national)

 

13. Monirah Fahad Abdullah Alhamdan               

    (Saudi national)

 

14. Fatima Abdulla Hamad Al-Zamil                       

    (Saudi national)

 

15. Lulwah Abdulla Hamad Al-Zamil                   

    (Saudi national)

 

16. Hussah Abdulla Hamad Al-Zamil                   

    (Saudi national)

 

17. Badriah Abdulla Hamad Al-Zamil                  

    (Saudi national)

 

18. Abdulla Mohamed Abdulla Alzamel                

    (Bahraini national)

 

19. Nawaf Mohamed Abdulla Alzamel                 

    (Bahraini national) 

 

20. Lulwa Abdulaziz Sulaiman Alsaleem             

    (Bahraini national) 

 

21. Amal Mohamed Abdulla Alzamel                    

    (Bahraini national) 

 

22. Maha Mohamed Abdulla Alzamel                    

    (Bahraini national) 

 

23. Noora Mohamed Abdulla Alzamil                   

    (Bahraini national) 

 

24. Abdullah Fahad Abdullah Alhamdan              

    (Bahraini national) 

 

25. Manahil Abdulla Abdulaziz Al-Hamdan             

    (Saudi national)

 

Affiliated companies of Al Zamil Nails & Screws Factory :

 

Associates

 

Subject is a member of the Al Zamil Group of companies which

is headed by :                  

 

Zamil Group Holding S.C.S.Co.                          

(fmly Hamad Abdullah Al Zamil and Brothers)     

Al Zamil Building

Prince Talal Avenue, Near 1st Street.

PO Box 9 

Al Khobar 31952

Telephone: (966 3) 894 5219 / 894 4888 / 864 7794

Fax      : (966 3) 894 9336

Zamil Group Holding Company is a global investment company with

diverse interests and capabilities. Across the continents it provides

innovative, high quality and price competitive products and services

as well as investment opportunities for investors, partners and

stakeholders in the industrial, petrochemicals and services sectors.

The wide range of products and services spans air-conditioning

manufacturing to architectural glass processing, plastics to steel

fabrication and paints and cranes to heavy process equipment. The

company is also engaged in shipbuilding and repair, port operations

and maintenance, petrochemicals and chemicals, industrial investment

and general construction. The energy driving the company's more than

60 sector businesses is the 12,000-strong workforce in more than 60

countries, vast manufacturing facilities and strong affiliations with

numerous international partners.

 

Other members of the group include the following companies :

 

1. Al Zamil Group B.S.C. (CLOSED)

   Building 31, office 1

   Government Avenue

   PO Box 285

   Manama 305

   Telephone: (973) 1750 0000

   Fax      : (973) 1750 0010

  (Est.: 1 March 2003 / C.R. No: 50357)

 

2. Zamil Architechure Industries Ltd.

   PO Box 1633

   Dammam 31441

   Telephone: (966 3) 847 1555

   Fax      : (966 3) 847 1441

   E-Mail   : fronie@zamildoors.com

 

3. Zamil Ladder Factory

   PO Box 3408

   Dammam 31471

   Telephone: (966 3) 847 3544

   Fax      : (966 3) 847 1459

   E-Mail   : ladders@zamilladders.com

   Website  : www.zamilladders.com

 

4. Zamil Partitions Industries

   PO Box 1633

   Dammam 31441

   Telephone: (966 3) 847 1555

   Fax      : (966 3) 847 2180

 

5. Arabian Gulf Construction Co. Ltd.

   PO Box 1633

   Dammam 31441

   Telephone: (966 3) 847 1555

   Fax      : (966 3) 847 2112

   E-Mail   : edgar@zamilal.com

 

6. Zamil Food Industires Ltd.

   PO Box 240

   Jubail 31951

   Telephone: (966 3) 341 5235

   Fax      : (966 3) 341 8235

 

7. Zamil Travel

   PO Box 9

   Al Khobar 31932

   Telephone: (966 3) 898 3350

   Fax      : (966 3) 898 3354

   e-Mail   : info@zamiltravel.com

 

8. Technical Seal Co. Ltd.

   PO Box 7480

   Dammam 31462 

   Telephone: (966 3) 847 2703

   Fax      : (966 3) 847 1485

   Website  : www.technicalseal.com.sa

 

9. Zamil Industrial Coatings

   PO Box 4672

   Al Khobar 31952 

   Telephone: (966 3) 847 3833

   Fax      : (966 3) 847 2822

   E-Mail   : marketing@zindco.com

   Website  : www.zindco.com

 

10.Zamil Coatings

   PO Box 285

   Maameer Industrial Area,

   Bahrain

   Telephone: (973) 1770 0555

   Fax      : (973) 1770 0336

   E-Mail   : awalzamil@batelco.com.bh

 

11.Zamil Nails and Screws

   PO Box 285

   Mina SDalman Industrial Area

   Bahrain

   Telephone: (973) 1772 3539

   Fax      : (973) 1772 7298

   E-Mail   : zamil-nalls-screws@hotmail.com

 

12.Zamil Commercial

   PO Box 9

   Al Khobar 31952 

   Telphone: (966 3) 847 3232

   Fax     : (966 3) 847 3131

 

13.Zamil CONECT

   PO Box 9

   Al-Khobar 31952

   Telephone: (966 3) 882 4888 Ext 296

   Fax      : (966 3) 882 4888 Ext 192

 

14.A. H. Al Zamil Real Estate

   PO Box 9

   Al-Khobar 31952

   Telephone: (966 3) 887 3325

   Fax      : (966 3) 887 4071

   Website  : www.zamilrealestate.com

 

15.Zamil Brila Technical Services

   PO Box 9

   Al Khobar 31952 

   Telephone: (966 3) 895 0980

   Fax      : (966 3) 895 1719

   E-Mail   : consulting@zabits.com

   Website  : www.zabits.com

 

16.Zamil Industrial Investment Co. (ZIIC)

   PO Box 14441

   Dammam 31424

   Telephone: (966 3) 847 1840

   Fax      : (966 3) 847 2574

   Website  : www.ziic.com

 

17.Zamil Steel Industries

   PO Box 877

   Dammam 31421

   Telephone: (966 3) 847 1840

   Fax      : (966 3) 847 1291

   Website  : www.zamilsteel.com

 

18.Zamil Air Conditioners

   PO BOX 14440

   Dammam 31424

   Telephone: (966 3) 847 3333

   Fax      : (966 3) 847 1904

   E-Mail   : mktg@zamilac.com

   Website  : www.zamilac.com

 

19.Zamil Glass Industries

   PO Box 60069

   Dammam 31545

   Telephone: (966 3) 847 1666

   Fax      : (966 3) 847 1655

   Website  : www.zamilglass.com

 

20.Zamil Operations and Maintenance Co. Ltd.

   PO Box 1922

   Al-Khobar 31952

   Telephone: (966 3) 882 2494

   Fax      : (966 3) 882 2032

 

21.Saudi Internation Petrochemcial Co. (SIPC)

   PO Box 130

   Al Khobar 31952

   Telephone: (966 3) 801 0111

   Fax      : (966 3) 801 0222

 

22.Zamil Plastics Industries Ltd.

   PO Box 9

   Al-Khobar 31952

   Telephone: (966 3) 847 2812

   Fax      : (966 3) 847 4322

   E-Mail   : zplastic@awalnet.net.sa

 

23.Saudi Lamino Co. Ltd.

   PO Box 43130

   Riyadh 11561

   Telephone: (966 1) 265 2325

   Fax      : (966 1) 265 2169

   E-Mail   : slc@a-gc.net

   Website  : www.a-gc.net/lamino

 

24.Saudi Formaldehyde Chemical Co. Ltd.

   PO Box 3139

   Dammam 31471

   Telephone: (966 3) 832 5555

   Fax      : (966 3) 834 2283

   Website  : www.saudiform.com

 

25.United Carton Industries Co.

   PO Box 31503

   Jeddah 21418

   Telephone: (966 2) 637 5909

   Fax      : (966 2) 636 8789

   E-Mail   : info@ucic.com.sa

   Website  : www.ucic.com.sa

 

26.Guardian Fenceng and Security Systems Co. Ltd.

   PO Box 6765

   Dammam 31452

   Telephone: (966 3) 857 1692

   Fax      : (966 3) 857 2810

   Website  : www.zamilglass.com

 

27.Sigma Paints Saudi Arabia Ltd.

   PO Box 7509

   Dammam 31472

   Telephone: (966 3) 847 3100

   Fax      : (966 3) 847 1734

   E-Mail   : info@sigmapaints.com

   Website  : www.sigmapaints.com

 

28.Middle East Battery Company

   PO Box 13441

   Dammam 31493

   Telephone: (966 3) 812 1221

   Fax      : (966 3) 812 1246

 

29.Bischof + Klein Middle East Co.

   PO Box 1176

   Al Khobar 31952

   Telephone: (966 3) 812 4443 / 812 4454

   Fax      : (966 3) 812 3135

 

30.Universal Metal Coating Co. Ltd.

   PO Box 11606

   Jubail Industrial City No. 1 31961

   Telephone: (966 3) 358 8400

   Fax      : (966 3) 358 8480

   E-Mail   : sales@bh-unicoil.com

   Website  : www.unicoil.net

 

31.Saudi German Company For Nonwoven Products

   PO Box 3319

   Al-Khobar 31952

   Telephone: (966 3) 812 2111

   Fax      : (966 3) 812 1333

   E-Mail   : info@sgn.com.sa

   Website  : www.sgn.com.sa

 

32.Gulf Packaging Industries Ltd.

   PO Box 8556

   Dammam 31492

   Telephone: (966 3) 847 2244

   Fax      : (966 3) 847 1931

   E-Mail   : gulfpack@sps.net.sa

   Website  : www.gulfpack-sa.com

 

33.Gulf Advanced Chemical Industries Co. Ltd.

   PO Box 240

   Al Jubail Industrial City 31961

   Telephone: (966 3) 340 0508

   Fax      : (966 3) 340 3509

 

34.Al Tawfiq Co. for Plastic & Woven Sacks Ind. Ltd.

   PO Box 32368

   Jeddah 21428

   Telephone: (966 2) 638 0548

   Fax      : (966 2) 638 0549

   E-Mail   : info@apws.com.sa

   Website  : www.apws.com.sa

 

35.Yamama Factories

   PO Box 26156

   Riyadh 11486

   Telephone: (966 1) 496 1810

   Fax      : (966 1) 493 4215

   E-Mail   : yamama3@yamamabricks.com

   Website  : www.yamamabricks.com

 

36.Eastern Morris Crane Company

   PO Box 13793

   Dammam 31414

   Telephone: (966 3) 847 3232

   Fax      : (966 3) 847 2367

   E-Mail   : mail@emc.com.sa

   Website  : www.emc.com.sa

 

37.Dorma Arabia Automatic Doors Ltd.

   PO Box 1633

   Dammam 31441

   Telephone: (966 3) 847 2394

   Fax      : (966 3) 847 2368

   E-Mail   : hanyalfy@dorma-arabia.com.sa

 

38.Saudi Guardian International Float Glass Company Limited

   PO Box 11963

   Al-Jubail 31961

   Telephone: (966 3) 358 8888

   Fax      : (966 3) 358 3136

   Website  : www.gulfguard.com.sa

 

40.United Carton Industries Co.

   PO Box 31503

   Jeddah 21418

   Telephone: (966 2) 637 5909 / 644 5121

   Fax      : (966 2) 636 8789 / 643 6876

 

41.Al-Jubail Chemical Industries Company (JANA)

   PO Box 10661

   Al-Jubail 31961

   Telephone: (966 3) 358 5002 Ext. 303

   Fax      : (966 3) 358 5113

   Website  : www.jana-ksa.net

 

42.Arabian Alkali Company (SODA)

   PO Box 12010

   Al-Jubail 31961

   Telephone: (966 3) 358 3400

   Fax      : (966 3) 358 5536

   Website  : www.causticprills.com

 

43.Al Zamil Heavy Industries Ltd.

   ZHI Building

   King Abdul Aziz Road (aka Al Malek Abdul Aziz Road)

   West of Madinah Highway, Hay Al Nahda

   PO Box 13169

   Jeddah 21493

   Saudi Arabia

   Telephone:  (966 2) 699 2411 / 699 0550

   Fax      :  (966 2) 694 1700 / 699 2420

 

44.Zamil Offshore Services Company

   PO Box 1922

   Al Khobar 31952

   Telephone: (966 3) 882 2494

   Fax      : (966 2) 882 2032

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Manufacturers and distributors of nails and screws.

 

Imports from India, Taiwan, China, Japan and UAE.

 

Export to GCC countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises and a factory located at the heading address.

 

 

SPECIAL NOTE

 

Interviewed: John Koshy (Factory Manager)

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.15

UK Pound

1

Rs.72.59

Euro

1

Rs.62.95

 

 

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

 

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.