MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

IDENTIFICATION DETAILS

 

Name :

AL HOUDA PRESS FOR PRINTING & PACKAGING

 

 

Registered Office :

Al Houda Building, Airport Road, 7th Bridge Junction, P O Box 40009, Damascus

 

 

Country :

Syria

 

 

Date of Incorporation :

17.01.1999

 

 

Com. Reg. No.:

3902, Damascus

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Providers of printing and packaging services

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 200,000

Status :

Satisfactory

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)

Syria

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : AL HOUDA PRESS FOR PRINTING & PACKAGING

Country of Origin                                    : Syria

Legal Form                                            : General Partnership

Registration Date                                   : 17th January 1999

Commercial Registration Number            : 3902, Damascus

Industrial Licence Number                       : 331

Chamber Membership Number                : 14664

Partners Capital                                     : SY Pnds 5,000,000

Total Workforce                                     : 300

Activities                                               : Providers of printing and packaging services.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 200,000

 

 

COMPANY NAME

 

AL HOUDA PRESS FOR PRINTING & PACKAGING

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Al Houda Building

Street               : Airport Road

Area                 : 7th Bridge Junction

PO Box             : 40009

Town                 : Damascus

Country             : Syria

Telephone         : (963-11) 6461550

Facsimile          : (963-11) 6461559

Email                : alamalpress@gmail.com

 
Premises

Subject operates from a large suite of offices and a factory that are owned and located in the Industrial Area of Damascus.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Omar Mohmed Adnan Barbour                                                           Managing Partner

 

·       Basima Mohamed Adnan Barbour                                                       Partner

 

·       Samer Mohamed Nazeer Gabani                                                        Partner

 

·       Taher Mohamed Nazeer Gabani                                                          Partner

 

·       Momar Al Sawan                                                                               Finance Manager

 

·       Arwa Hassan                                                                                    Assistant General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 17th January 1999

 

Legal Form                  : General Partnership

 

Commercial Reg. No.  : 3902, Damascus

 

Industrial Licence No.  : 331

 

Chamber Member No. : 14664

 

Partners Capital           : SY Pnds 5,000,000

 

Name of Partner (s)

 

·       Omar Mohmed Adnan Barbour

 

·       Basima Mohamed Adnan Barbour

 

·       Samer Mohamed Nazeer Gabani

 

·       Taher Mohamed Nazeer Gabani

 

 

AFFILIATED COMPANIES

 

·       Al Amal Press for Printing & Packaging

PO Box: 40009

Damascus

CR No. 4942

 

 

OPERATIONS

 

Activities: Engaged in the provision of printing and packaging services.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of approximately 300 employees.

 

 

FINANCIAL DATA

 

Companies registered in Syria are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Commercial Bank of Syria

Mouawia Street

PO Box: 2231

Damascus

Tel: (963-11) 2225870

    

 

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.44.59

UK Pound

1

Rs.73.42

Euro

1

Rs.66.04

 

 

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

----

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%)

 

 

 

 

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.