MIRA INFORM
REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
AL JALEEB PRINTING PRESS |
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Registered Office : |
Industrial Area, P
O Box 54161, Jaleeb Al Shuyoukh 85862 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.05.1982 |
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Com. Reg. No.: |
25263 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Commercial Printers |
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$ 150,000 |
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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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Kuwait |
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 : AL JALEEB PRINTING PRESS
Country of Origin : Kuwait
Legal Form : Sole Proprietorship
Registration Date : 22nd May 1982
Commercial Registration Number : 25263
Trade Licence Number : 10488
Chamber Membership Number : 12081
Invested Capital : KD 150,000
Total Workforce : 35
Activities : Commercial printers
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
AL JALEEB PRINTING
PRESS
company ADDRESS
Registered & Physical Address
Location : Industrial Area
PO Box : 54161
Town : Jaleeb Al Shuyoukh 85862
Country : Kuwait
Telephone : (965) 24769115 / 24769114 / 24769117
Facsimile : (965) 24769116
Email : jaleebpress@yahoo.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Jaleeb Al Shuyoukh.
KEY PRINCIPALS
Name Position
·
Mawadi
Dughaim Salman Marzooq Al Mutairi Proprietor
& General Manager
·
Dughaim
Salman Marzooq Al Mutairi Assistant
General Manager
·
Nazaf
Dughaim Salman Marzooq Al Mutairi Commercial
Manager
·
Fouzi
Ibrahim Operations
Manager
·
Emad
Hamdy Financial
Controller
LEGAL FORM & OWNERS
Date of Establishment : 22nd
May 1982
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 25263
Trade Licence No. : 10488
Chamber Member No. : 12081
Invested Capital
: KD 150,000
Mr Mawadi Dughaim
Salman Marzooq Al Mutairi is the sole proprietor of the business.
OPERATIONS
Activities: Engaged as commercial printers, printing
business cards, forums and calendars.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 35 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 1,620,000 KD 1,700,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Kuwait
International Bank
Mohamed Bin Al Qasim Street
Jaleeb Al Shuyoukh
Tel: (965) 24310809
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the business 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 |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.73.42 |
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Euro |
1 |
Rs.66.04 |
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 |
|
<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.