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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AHMED AND THAMER DIYAB TRADING CO |
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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 : |
09.05.1982 |
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Com. Reg. No.: |
33165 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Distributors of
household items, kitchenware, tableware, utensils and plastic products. |
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No. of Employees : |
27 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Kuwait |
A2 |
A2 |
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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 |
Company Name : AHMED AND THAMER DIYAB TRADING CO
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 9th May 1982
Commercial Registration Number : 33165
Trade Licence Number : 159/95
Chamber Membership Number : 12023
Issued Capital : KD 100,000
Paid up Capital : KD 100,000
Total Workforce : 27
Activities :
Distributors of household items,
kitchenware, tableware, utensils and plastic
products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Jaiwa Ali Ahmed Ali, Director
AHMED AND THAMER DIYAB TRADING CO
Street : Jaber Al
Mubarak Street, 3rd Office, Suite No. 18
Area : Sharq
PO Box : 58
Town : Dasman 15451
Country : Kuwait
Telephone : (965) 22411257
/ 22410752 / 22405894
Facsimile : (965) 22411257
/ 22408974 / 24879323
Email : atd1@qualitynet.net
/ ahmadthamerkwt@kems.net / atd3@hotmail.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dasman.
Branch Offices
Location Description
· Souq Zalaa Showroom
premises
Safat
Tel: (965) 22410468
Name Nationality Position
· Ahmed Ghanim Diyab Saleh Kuwaiti Managing
Director
· Thamer Ahmed Ghanim Diyab Saleh Kuwaiti Director
· Jaiwa Ali Ahmed Ali Indian Director
Date of
Establishment : 9th
May 1982
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 33165
Trade Licence No. : 159/95
Chamber Member No. : 12023
Issued Capital : KD 100,000
Paid up Capital : KD 100,000
· Ahmed Ghanim Diyab Saleh
· Thamer Ahmed Ghanim Diyab Saleh
· Jaiwa Ali Ahmed Ali
Activities: Engaged in the import and distribution
of household items, kitchenware, tableware, utensils and plastic
products.
Import Countries: Sri Lanka and India.
International Suppliers:
· Mukti Steel India
· Varun Steel India
· Sun Rice Plastic India
Operating Trend: Steady
Subject has a workforce of 27 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
1,000,000 KD
1,100,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Jaiwa Ali Ahmed
Ali, Director
·
Burgan Bank
Ahmed Al Jaber
Street
Sharq
PO Box: 5875
Safat 13054
Tel: (965)
22410818
Fax: (965)
22410819
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 and the
above credit figure is within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.89 |
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1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 |
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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.