MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

IDENTIFICATION DETAILS

 

Name :

AL TALEA PRINTING

 

 

Registered Office :

Khalid Ibn Al Waleed Street, P O Box 67, Damascus

 

 

Country :

Syria

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

05.11.2009

 

 

Com. Reg. No.:

60970, Damascus

 

 

Legal Form :

Sole Proprietorship

 

 

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$ 150,000

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 TALEA PRINTING

Also Known As                                      : GHASSAN MOHAMED EL NAJJAR

Country of Origin                                    : Syria

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 5th November 2009

Commercial Registration Number            : 60970, Damascus

Chamber Membership Number                : 31584

Invested Capital                                     : SY Pnds 4,000,000

Total Workforce                                     : 120

Activities                                               : Providers of printing and packaging services.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 150,000

COMPANY NAME

 

AL TALEA PRINTING

 

 

ALSO KNOWN AS

 

GHASSAN MOHAMED EL NAJJAR

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Khalid Ibn Al Waleed Street

PO Box             : 67

Town                 : Damascus

Country             : Syria

Telephone         : (963-11) 2247474

Facsimile          : (963-11) 2217286

Mobile               : (963-93) 3214270

Email                : najjar@scs.net.org / altalea@gmail.com

 

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Damascus.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Fehnawy Area                                                                                   Factory premises

Damascus

Tel: (963-11) 6711811

Fax: (963-11) 6711806

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Ghassan Mohamed El Najjar                                                              Proprietor & General Manager

 

·       Moatazullah Mohamed El Najjar                                                         Assistant General Manager

 

·       Mohamed Adeeb Mohamed El Najjar                                                  Commercial Manager

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 5th November 2009

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 60970, Damascus

 

Chamber Member No. : 31584

 

Invested Capital           : SY Pnds 4,000,000

 

Mr Ghassan Mohamed El Najjar is the sole proprietor of the business.

 

 

OPERATIONS

 

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

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 120 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Syrian Pounds (SY Pnds)

 

                                                            Year Ending 31/12/10:

 

Total Sales                                            SY Pnds 68,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Commercial Bank of Syria

Al Nasr Street

PO Box: 314

Damascus

Tel: (963-11) 2210444

 

 

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

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.