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Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ARABIAN MARBLE CO
WLL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
11.05.2003 |
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Com. Reg. No.: |
107895 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Distributors,
cutters and processors of marble and granite |
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No. of Employees : |
56 |
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$ 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Kuwait |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : ARABIAN MARBLE CO WLL
Country of Origin : Kuwait
Legal Form :
With Limited Liability - WLL
Registration Date : 11th
June 2003
Commercial
Registration Number : 107895
Chamber Membership
Number : 605
Issued Capital : KD
100,000
Paid up Capital : KD
100,000
Total Workforce : 56
Activities :
Distributors, cutters and processors of marble and granite
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
ARABIAN MARBLE CO
WLL
Street : Canada Dry Street
Area : Shuwaikh Industrial Area
PO Box : 5090
Town : Safat 13051
Country : Kuwait
Telephone : (965) 24810299 / 24810290 / 24744429
/ 24744439
Facsimile : (965) 24848310 / 24744775
Subject operates
from a medium sized suite of offices, a warehouse and a workshop that are
rented and located in the Industrial Area of Safat.
Name Position
·
Ahmed
Sulaiman Ahmed Al Qdaibi Managing
Director
·
Abdullah
Ahmed Sulaiman Ahmed Al Qdaibi Director
·
Gheni
Ahmed Sulaiman Ahmed Al Qdaibi Director
·
Fatima
Ahmed Sulaiman Ahmed Al Qdaibi Director
·
Abdul Wahab
Al Khateeb General
Manager
·
Nasser
Massad Sales
Manager
Date of Establishment : 11th
June 2003
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 107895
Chamber Member No. : 605
Issued Capital : KD 100,000
Paid up Capital : KD 100,000
·
Ahmed
Sulaiman Ahmed Al Qdaibi
·
Abdullah
Ahmed Sulaiman Ahmed Al Qdaibi
·
Gheni
Ahmed Sulaiman Ahmed Al Qdaibi
·
Fatima
Ahmed Sulaiman Ahmed Al Qdaibi
·
Sulaiman
Al Qdaibi Co for GRP & Plastic Products
·
Kuwait
Plastics & Mats Manufacturing Co WLL
·
Sulaiman
Al Qdaibi Co for Black Steel & Galvanized Profiles
·
The
Technical Co for Commercial Kitchen & Laundry Equipments
·
Sulaiman
Al Qdaibi Co for Resin Products
·
Kuwait
Mattress Co
·
Kuwait
Sponge Company
Activities: Engaged in the import, distribution,
cutting and processing of marble and granite.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 56 employees.
Financial
highlights provided by local sources are given below:
Currency: Kuwaiti
Dinars (KD)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales KD 2,650,000 KD 3,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Commercial
Bank of Kuwait SAK
Mubarak Al Kabir Street
PO Box: 2861
Safat 13029
Tel: (965) 22411001
Fax: (965) 22450150
No complaints
regarding subject’s payments have been reported.
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.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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 |
-- |
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.