MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ALI AL ZAMEL
FOODSTUFF EST |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.01.1976 |
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Com. Reg. No.: |
16760, Safat |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Distribution of
dried foodstuffs and spices. |
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$ 250,000 |
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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 : ALI AL ZAMEL FOODSTUFF EST
Country of Origin :
Legal Form :
Sole Proprietorship
Registration Date : 13th
January 1976
Commercial
Registration Number : 16760,
Safat
Trade Licence Number : 381/72
Chamber Membership
Number : 4865
Invested Capital : KD 15,000
Total Workforce : 70
Activities :
Distribution of dried foodstuffs and spices.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
Person Interviewed : Deepak
Shabash Jolly, Assistant General Manager
COMPANY NAME
ALI AL ZAMEL FOODSTUFF EST
ADDRESS
Registered & Physical Address
Building :
Street :
Location :
PO Box : 1248
Town : Safat 13013
Country :
Telephone : (965) 22410567
Facsimile : (965) 22429474
Email : sonikawat@hotmail.com
/ info@alzamilfoods.com
Premises
Subject operates from a small suite of offices and a warehouse that are
owned and located in the Central Business Area of Safat.
Branch Office (s)
Location Description
· Ardiya Industrial
Area Warehouse
premises
Tel: (965)
24314405
Fax: (965)
24340450
KEY PRINCIPALS
Name Position
·
Ali Abdulrahman Abdullah Al Zamel Proprietor
& General Manager
·
Deepak Shabash Jolly Assistant
General Manager
·
Baljeet Sharma Sales
Manager
·
Vijay Gupta Financial
Controller
LEGAL FORM & OWNERS
Date of
Establishment : 13th
January 1976
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 16760, Safat
Trade Licence No. : 381/72
Chamber Member No. : 4865
Invested Capital : KD 15,000
Mr Ali Abdulrahman Abdullah Al Zamel is the sole proprietor of the
business.
AFFILIATED COMPANIES
· Winners Restaurant
Co WLL
PO Box: 1248
Safat 13013
OPERATIONS
Activities: Engaged in the import and distribution of dried foodstuffs and spices.
Import Countries: Europe and the
International Suppliers:
· Kohi Nour Rice
Operating Trend: Steady
Subject has a workforce of 70 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Kuwaiti Dinar (KD)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales KD
1,500,000 KD
1,720,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Deepak Shabash Jolly, Assistant
General Manager
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
Established in 1976, subject is involved in the import and distribution
of dried foodstuffs and spices.
Local sources report that payment obligations are met in a generally
timely manner and the operating history is clear. As such the company is deemed
a fair trade risk and the above credit figure is considered to be within
subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.05 |
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|
1 |
Rs.73.05 |
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Euro |
1 |
Rs.63.81 |
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 |
-- |
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.