MIRA INFORM REPORT

 

 

Report Date :           

05.05.2011

 

IDENTIFICATION DETAILS

 

Name :

BOUSTANI TRADING & INDUSTRIES

 

 

Registered Office :

Jabal Saman Street,  Anjara Area, P O Box 7477, Aleppo

 

 

Country :

Syria

 

 

Date of Incorporation :

29.04.2004

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Packaging of fruit juices

 

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                                     : BOUSTANI TRADING & INDUSTRIES

Also Known As                                      : OMAR & ESSAM BOUSTANI

Country of Origin                                    : Syria

Legal Form                                            : General Partnership

Registration Date                                   : 29th January 2004

Chamber Membership Number                : 271/1

Partners Capital                                     : SY Pnds 2,000,000

Total Workforce                                     : 10

Activities                                               : Packaging of fruit juices

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 150,000

 

 

 

 

COMPANY NAME

 

BOUSTANI TRADING & INDUSTRIES

 

 

ALSO KNOWN AS

 

OMAR & ESSAM BOUSTANI

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Jabal Saman Street

Area                 : Anjara Area

PO Box             : 7477

Town                 : Aleppo

Country             : Syria

Telephone         : (963-21) 6310799

Facsimile          : (963-21) 2115700

Mobile               : (963-93) 3213159

 

Premises

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

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Omar Ibn Mohamed Boustani                                                 Managing Partner

 

·       Mohamed Essam Ibn Mohamed Boustani                                            Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 29th January 2004

 

Legal Form                  : General Partnership

 

Chamber Member No. : 271/1

 

Partners Capital           : SY Pnds 2,000,000

 

Name of Partner (s)

 

·       Omar Ibn Mohamed Boustani

 

·       Mohamed Essam Ibn Mohamed Boustani

 

 

OPERATIONS

 

Activities: Engaged in the packaging of fruit juices.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 10 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

Kastel Hajjarin Street

Aleppo

Tel: (963-21) 4239601

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local informants reported that the subject is not currently active so we would suggest that any dealings with the subject be on fully secured terms.

 

 

 

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.