MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ROYAL INTERNATIONAL CO WLL |
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Registered Office : |
Ahmadi Area, Plot No. 9, Building |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.06.2004 |
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Com. Reg. No.: |
100884 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Provision of electrical and mechanical services. |
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 :
ROYAL INTERNATIONAL CO WLL
Country of Origin :
Legal Form :
With Limited Liability - WLL
Registration Date :
7th June 2004
Commercial Registration Number : 100884
Trade Licence Number :
1927/2004
Chamber Membership Number :
88784
Issued Capital :
KD 500,000
Paid up Capital :
KD 500,000
Total Workforce :
110
Activities :
Provision of electrical and mechanical services.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit :
US$ 250,000
Person Contacted :
Mohamed Shahid, Administrative Officer
COMPANY NAME
ROYAL INTERNATIONAL CO WLL
ADDRESS
Registered & Physical Address
Location : Ahmadi Area, Plot
No. 9, Building No. 169
PO Box : 7256
Town : Fahaheel
64003
Country :
Telephone : (965) 23984789
/ 23984775 / 23984776 / 23984778
Facsimile : (965) 23984789
Email : info@royalinternational.net
Premises
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Industrial Area of Fahaheel.
KEY PRINCIPALS
Name Nationality Position
· Zafar Akhtar Ahmed
Sarfaz Indian Managing Director
· Hamad Saleh Al
Azmi
Kuwait Director
· Ahlail Awad Faraj
Al Harbi Kuwaiti Director
· Mohamed Shahid - Administrative
Officer
· Awais Khan - Project
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 7th
June 2004
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 100884
Trade Licence No. : 1927/2004
Chamber Member No. : 88784
Issued Capital : KD 500,000
Paid up Capital : KD 500,000
Name of Shareholder (s)
· Hamad Saleh Al
Azmi
· Zafar Akhtar Ahmed
Sarfaz
· Ahlail Awad Faraj
Al Harbi
OPERATIONS
Activities: Engaged in the provision of electrical and mechanical services covering
installation and maintenance of generation units, distribution systems,
lighting and power units, heating, ventilation and air conditioning equipment.
Import Countries:
Brand Names: CARRIER, SKM & TAPCOOL
Operating Trend: Steady
Subject has a workforce of approximately 110 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
5,830,000 KD
6,100,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Burgan Bank
PO Box: 5875
Safat 13054
Tel: (965)
22410818
Fax: (965)
22410819
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 and
the above credit figure is 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 |
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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.