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Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MINI KING INTERNATIONAL CO WLL |
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Registered Office : |
Al Anjuri
Building, Ground Floor, Shop No. 10, Al Mubarakiya, P O Box 436, Dasman 15455 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.06.2009 |
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Com. Reg. No.: |
331415 |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Wholesalers and retailers of readymade garments |
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No. of Employees : |
15 |
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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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) |
|
Kuwait |
A2 |
A2 |
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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 : MINI KING INTERNATIONAL CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 1st June 2009
Commercial Registration Number : 331415
Chamber Membership Number : 119630
Issued Capital : KD 20,000
Paid up Capital : KD 20,000
Total Workforce : 15
Activities : Wholesalers and retailers of readymade garments
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
MINI KING
INTERNATIONAL CO WLL
Registered &
Physical Address
Building : Al Anjuri Building, Ground Floor,
Shop No. 10
Area : Al Mubarakiya
PO Box : 436
Town : Dasman 15455
Country : Kuwait
Telephone : (965) 22988087 / 22988083
Facsimile : (965) 22988092 / 22450482
Mobile : (965) 99720947 / 97816464
Email : minikingco@gmail.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Dasman.
Name Position
·
Zaki
Eddine Ali Hussain Gewala Managing
Director
·
Mohamed
Hussain Zaki Eddine Gewala Director
·
Ahmed
Mohamed Abdullah Ali Director
Date of Establishment : 1st
June 2009
Legal Form :
With L imited Liability - WLL
Commercial Reg. No. : 331415
Chamber Member No. : 119630
Issued Capital : KD 20,000
Paid up Capital : KD 20,000
Name of
Shareholder (s)
·
Zaki
Eddine Ali Hussain Gewala
·
Mohamed
Hussain Zaki Eddine Gewala
·
Ahmed
Mohamed Abdullah Ali
Activities: Engaged in the wholesale and retail of
readymade garments.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 15 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 610,000 KD 755,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Burgan
Bank
PO Box: 5875
Safat 13054
Tel: (965) 22410818
Fax: (965) 22410819
No complaints
regarding subject’s payments have been reported.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
---- |
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.