MIRA INFORM REPORT
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Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
EL TAWFIQ SOAP FACTORY |
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Registered Office : |
Al Shengiti Street, New Industrial
Area, P O Box 556, Omdurman |
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Country : |
Sudan |
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Year of Establishment : |
1975 |
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Com. Reg. No.: |
705, Khartoum |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers of soap bars, liquid soap, detergents and speciality cleaners |
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No. of Employees
: |
45 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Sudan |
c1 |
c1 |
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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 |
SUMMARY
Company Name : EL TAWFIQ SOAP FACTORY
Country of Origin : Sudan
Legal Form : Limited Liability Partnership
Registration Date : 1975
Commercial Registration Number : 705, Khartoum
Issued Capital : SD 100,000
Paid up Capital : SD 100,000
Total Workforce : 45
Activities : Manufacturers of soap bars, liquid soap, detergents and speciality
cleaners
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
EL TAWFIQ SOAP FACTORY
Company ADDRESS
Registered &
Physical Address
Street : Al Shengiti Street
Area : New Industrial
Area
PO Box : 556
Town : Omdurman
Country : Sudan
Telephone : (249-187) 560420 / 577079 / 577080
Facsimile : (249-187) 560430
Email : mohad_gafar@yahoo.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Omdurman.
KEY PRINCIPALS
Name Position
·
Abdullah Omer Abdul Salam Managing
Partner
·
Abdul Nasser Omer Abdul Salam Partner
LEGAL FORM & OWNERS
Date of Establishment : 1975
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 705, Khartoum
Issued Capital : SD 100,000
Paid up Capital : SD 100,000
Name of Partner
(s)
·
Abdullah Omer Abdul Salam
·
Abdul Nasser Omer Abdul Salam
OPERATIONS
Activities: Engaged in the manufacture of soap bars,
liquid soap, detergents and speciality cleaners.
Import
Countries: Europe and the
Far East.
Brand Names: NAZIK
Subject has a
workforce of 45 employees.
FINANCIAL DATA
Companies
registered in Sudan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Sudanese
Islamic Bank
Al Souq Al Shabi Branch
Omdurman
·
Saudi
French Bank
Omdurman
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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.49.07 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.65.15 |
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 |
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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.