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Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MARAFIE INTERNATIONAL CO WLL |
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Registered Office : |
Al Rai Industrial
Area, Block No. 1763, P O Box 5143, Safat 13052 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.10.1977 |
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Com. Reg. No.: |
25623, Safat |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of general foodstuffs |
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No. of Employees : |
30 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : MARAFIE INTERNATIONAL CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 6th October 1977
Commercial Registration Number : 25623, Safat
Trade Licence Number : 2122/77
Chamber Membership Number : 6492
Issued Capital : KD 400,000
Paid up Capital : KD 400,000
Total Workforce : 30
Activities : Distributors of general foodstuffs
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Yacoub Sadiq Haji Yacoub Marafie, General Manager
MARAFIE
INTERNATIONAL CO WLL
Registered &
Physical Address
Location : Al Rai Industrial Area, Block No.
1763
PO Box : 5143
Town : Safat 13052
Country : Kuwait
Telephone : (965) 24733072 / 22465645 / 22465647
/ 22246564 / 55065102
Facsimile : (965) 24743013 / 22447344 / 22404091
Mobile : (965) 99823889
Email : marafie2002@hotmail.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Safat.
Name Position
·
Jawad
Haji Yacoub Marafie Managing
Director
·
Sadiq
Haji Yacoub Marafie Director
·
Yacoub Sadiq
Haji Yacoub Marafie General
Manager
·
Ahmed
Sadiq Assistant
General Manager
·
Nasser
Jawad Sales
Manager
Date of Establishment : 6th
October 1977
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 25623, Safat
Trade Licence No. : 2122/77
Chamber Member No. : 6492
Issued Capital : KD 400,000
Paid up Capital : KD 400,000
Name of Shareholder (s)
·
Jawad
Haji Yacoub Marafie
·
Sadiq
Haji Yacoub Marafie
Activities: Engaged in the import and distribution of
general foodstuffs, including jelly, crème caramel, pasta and
sugar.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 30 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
2,100,000 KD
2,280,000
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 the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.67 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.69.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
---- |
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.