MIRA INFORM REPORT
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Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
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Name : |
AL THALATHA FITIA IMPORT EXPORT CO LTD |
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Registered Office : |
Al Souq Al Shabi,
Khartoum |
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Country : |
Sudan |
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Year of Establishment : |
2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesalers and retailers of motorcycle, tricycle and rickshaw tyres and spare parts |
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$ 50,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
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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 THALATHA FITIA IMPORT EXPORT CO LTD
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 2005
Issued Capital : SD 40,000
Paid up Capital : SD 40,000
Total Workforce : 3
Activities : Wholesalers and retailers of motorcycle, tricycle and rickshaw tyres and
spare parts.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
COMPANY NAME
AL THALATHA FITIA IMPORT EXPORT CO LTD
company ADDRESS
Registered &
Physical Address
Location : Al Souq Al Shabi
Town : Khartoum
Country : Sudan
Telephone : (249-183) 7700877
Facsimile : (249-183) 7700877
Mobile : (249-912) 368729 / 364015
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Khartoum.
KEY PRINCIPALS
Name Position
·
Jawdat Wahba Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 2005
Legal Form :
Limited Liability Company
Issued Capital : SD 40,000
Paid up Capital : SD 40,000
Name of
Shareholder (s)
·
Jawdat
Wahba
OPERATIONS
Activities: Engaged in the wholesale and retail of
motorcycle, tricycle and rickshaw tyres and spare parts.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 3 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
·
Sudanese
French Bank
Al Qasr Street
PO Box: 2775
Khartoum
Tel: (249-183) 787868
Fax: (249-183) 774832
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.46.02 |
|
UK Pound |
1 |
Rs.73.61 |
|
Euro |
1 |
Rs.64.78 |
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.