MIRA INFORM REPORT
|
Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
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Name : |
AL AMIR TRADING & INDUSTRIAL INVESTMENT
CO LTD |
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Registered Office : |
Abou Rouf Street,
Omdurman |
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Country : |
Sudan |
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Year of Establishment : |
1991 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of tyres and spare parts for motorcycles, tricycles and rickshaws |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Sudan |
c1 |
c1 |
|
Risk Category |
ECGC
Classification |
|
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 AMIR TRADING & INDUSTRIAL INVESTMENT CO LTD
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 1991
Issued Capital : SD 2,000,000
Paid up Capital : SD 2,000,000
Total Workforce : 12
Activities : Distributors of tyres and spare parts for motorcycles, tricycles and
rickshaws.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Murgos Fakaih, Commercial Manager
COMPANY NAME
AL AMIR TRADING & INDUSTRIAL INVESTMENT
CO LTD
company ADDRESS
Registered &
Physical Address
Location : Abou Rouf Street
Town : Omdurman
Country : Sudan
Telephone : (249-183) 770877
Facsimile : (249-183) 770877
Mobile : (249-912) 964771 / (249-911)
226950
Email : gabraa1200@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Omdurman.
KEY PRINCIPALS
Name Position
·
Nabeel
Mari Gabraa Managing
Director
·
Samir
Mari Gabraa Director
·
Nashat
Mari Gabraa Director
·
Murgos
Fakaih Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1991
Legal Form :
Limited Liability Company
Issued Capital : SD 2,000,000
Paid up Capital : SD 2,000,000
Name of
Shareholder (s)
·
Nabeel
Mari Gabraa
·
Samir
Mari Gabraa
·
Nashat
Mari Gabraa
AFFILIATED COMPANIES
·
Al
Ashra Trading Co
Khartoum
Tel : (249-912) 964771
OPERATIONS
Activities: Engaged in the import and distribution of
tyres and spare parts for motorcycles, tricycles and rickshaws.
Import Countries: Europe and the Far East.
Subject has a
workforce of 12 employees.
FINANCIAL DATA
Companies
registered in Sudan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Al
Baraka Bank
Karrari Street
Omdurman
Tel : (249-187) 551569
Fax : (249-187) 579287
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.45.94 |
|
UK Pound |
1 |
Rs.74.28 |
|
Euro |
1 |
Rs.64.97 |
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 |
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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 |
|
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 |
|
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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.