MIRA INFORM
REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MOHAMED NASSER TELLO |
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Registered Office : |
Factories Road, Fihnaya Area, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1993 |
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Com. Reg. No.: |
62723, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail
of general foodstuff products, as well as the packing of coffee |
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$ 80,000 |
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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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c1 |
c1 |
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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 : MOHAMED NASSER TELLO
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1993
Commercial Registration Number : 62723,
Chamber Membership Number : 34600
Invested Capital : SY Pnds 1,500,000
Total Workforce : 12
Activities : Wholesale and retail of general foodstuff products, as well as the
packing of coffee
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 80,000
Person Interviewed : Basil Al Aswani, Commercial Manager
COMPANY NAME
MOHAMED NASSER
TELLO
company ADDRESS
Registered & Physical Address
Street :
Area : Fihnaya Area
PO Box : 5988
Town :
Country :
Telephone : (963-11) 6150550 / 6150551
Facsimile : (963-11) 6712110
Email : midorient@net.sy
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Damascus.
Branch Office (s)
Location Description
·
Al Fardoos Building Rented
showroom premises
Al Fardoos Area
Tel: (963-11) 2230227 /
2235899
Fax: (963-11) 2240794
KEY PRINCIPALS
Name Position
·
Mohamed
Nasser Ibn Sami Tello Proprietor
& General Manager
·
Basil
Al Aswani Commercial
Manager
·
Rania
Mohamed Administrative
Officer
LEGAL FORM & OWNERS
Date of Establishment : 1993
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 62723,
Chamber Member No. : 34600
Invested Capital
: SY Pnds 1,500,000
Mr Mohamed Nasser
Ibn Sami Tello is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
general foodstuff products, as well as the packing of coffee.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 12 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Syrian
Pounds (SY Pnds)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales SY Pnds
26,250,000 SY Pnds
27,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Bank
Audi
PO Box: 6228
Tel: (963-11) 2388000
Fax: (963-11) 2248510
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
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|
1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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.