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Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
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Name : |
KUWAIT FOOD COMPANY SAK (AMERICANA) |
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Registered Office : |
Jamal Abdul Nasser Street PO Box 6844 Sharjah |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
29.09.1976 |
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Com. Reg. No.: |
14831 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Operators of food franchises. |
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No. of Employees : |
540 |
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$ 500,000 |
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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) |
|
UAE |
A2 |
A2 |
|
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 |
|
Off-credit |
D |
Company Name : KUWAIT FOOD COMPANY SAK (AMERICANA)
Country of Origin : Kuwait
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 29th September 1976
Commercial Registration Number : 14831
Trade Licence Number : 1003171
Chamber Membership Number : 2640
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Total Workforce : 540
Activities : Operators of food franchises.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 500,000
KUWAIT FOOD COMPANY SAK (AMERICANA)
Location : Jamal Abdul
Nasser Street
PO Box : 6844
Town : Sharjah
Country : United Arab Emirates
Telephone : (971-6) 5554545
Facsimile : (971-6)
5592296
Email : essamelkhodary@americana.ae
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Sharjah.
Branch Office (s)
Location Description
· Kuwait Food Co
Building Office
premises
PO Box: 2749
Al Khalidiya Area
Abu Dhabi
· Sheikh Zayed Road Restaurant
premises
Khalifa City
Abu Dhabi
Tel: (971-2)
6335830
Fax: (971-2)
6334243
Name Position
· Marzooq Al Kharafi Managing
Director
· Susan Abu Saida Purchasing
Manager
· Ahmed Othman Branch
Manager
· Wael Al Shami Finance
Manager
· Ahmed Behiary Commercial
Manager
Date of
Establishment : 29th
September 1976
Legal Form : Subject is the
United Arab Emirates registered branch of Kuwait Food Company SAK
(Americana), a
Limited Liability Company incorporated in Kuwait.
Kuwait Food Company SAK (Americana) in the United Arab Emirates,
operates as a Branch of a Foreign Registered Corporation with its
registered office located at the following
address:
Kuwait Food Company (Americana) SAK
Plot
No. 198, Street 71
Shuwaikh
Industrial Area
PO
Box: 5087
Safat 13051
Tel:
(965) 4815900 / 4735476 / 4749543 / 4347938
Fax:
(965) 4815914 / 4338464 / 4846925
Email: info@americana-group.com
Commercial Reg.
No. : 14831
Trade Licence No. : 1003171 (Expires 02/08/2012)
Chamber Member No. : 2640
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Activities: Subject operates several franchises within Abu Dhabi and Sharjah
including Pizza Hut, KFC, Hardy's and Crispy Cream.
Import Countries: Europe, the United States of America and the Far
East
Subject has a workforce of approximately 540 employees.
Companies registered in Sharjah, United Arab Emirates are not legally required
to make their accounts public and no financial information was released by the
company or submitted by outside sources.
·
Abu Dhabi Commercial Bank
Mina Road
PO Box: 4377
Sharjah
Tel: (971-6)
5737000
Fax: (971-6)
5725331
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.49.32 |
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|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
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.