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Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AWAL DAIRY
COMPANY WLL |
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Registered Office : |
Building No. 791, Road No. 55, Block 463, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
992-1, Manama |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Manufacturers of
dairy products. |
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No. of Employees : |
250 |
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$ 700,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bahrain |
A2 |
A2 |
|
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 |
Company Name : AWAL DAIRY COMPANY WLL
Country of Origin : Bahrain
Legal Form :
With Limited Liability - WLL
Registration Date : 1995
Commercial
Registration Number : 992-1,
Manama
Membership Number : 224
Issued Capital : BD 1,644,500
Paid up Capital : BD
1,644,500
Total Workforce : 250
Activities :
Manufacturers of dairy products.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 700,000
Person Interviewed : K V Ganesh,
Finance Manager
AWAL DAIRY COMPANY
WLL
Location : Building No.
791, Road No. 55, Block 463
Street : Al Budaiya
Highway
Area : Jidhaf
PO Box : 601
Town : Manama
Country : Bahrain
Telephone : (973-17) 598598
/ 591591
Facsimile : (973-17)
591150
Email : purchase@awaldairy.com / anand@awaldairy.com
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Manama.
Name Position
·
Ebrahim
Mohamed Ali Zainal Managing
Director
·
Khalid
Yousef Abdulrahman Abdulrahim Director
·
Yousef
Salah Abdulla Alsaleh Director
·
Abdul
Samad Al Khaja General
Manager
·
Jaffar
Ayad Production
Manager
·
K V
Ganesh Finance
Manager
·
Shareef
Muzafar Sales
Manager
Date of Establishment : 1995
History : Subject began in 1995 under the name
“Bahrain Danish Dairy Co WLL”. However on 11th
March 2006 it re-registered under the new name of “Awal Dairy Company WLL”.
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 992-1, Manama
Membership No. : 224
Issued Capital : BD 1,644,500
Paid up Capital : BD 1,644,500
·
General
Trading & Food Processing Co (TRAFCO) 51%
·
Yousef
Abdulrahman Engineer Holding Co WLL 49%
·
Kuwait Bahrain
Dairy Co WLL
PO Box: 29342
Safat 13154
Kuwait
Tel: (965) 24675027
Fax: (965) 24673974
Activities: Engaged in the manufacture of dairy
products, including milk, cheese and ice cream.
Production
Capacity: 180,000 tonnes
per year
Import
Countries: Europe and the
Far East.
Brand Names: AWAL & FABION
Operating Trend: Steady
Subject has a
workforce of approximately 250 employees.
Financial
highlights provided by local sources are given below:
Currency: Bahraini Dinar
(BD)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales BD 11,650,000 BD 12,500,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr K V Ganesh, Finance Manager
·
Ahli United
Bank BSC
Building 2495
Road 2832
Al Seef District
Manama
Tel: (973-17) 585858
Fax: (973-17) 580569
No complaints
regarding subject’s payments have been reported.
Credit amount 150,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
|
1 |
Rs.81.04 |
|
Euro |
1 |
Rs.67.48 |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.