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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
GULF HOSPITALITY TRADING CO WLL |
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Registered Office : |
Street No. 61, Chapra Market Shuwaikh Industrial Area PO Box 13621 Keefan 71957 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.05.1992 |
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Com. Reg. No.: |
46450, Safat |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Distributors of general foodstuff products and catering equipment. |
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No. of Employees : |
35 |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 : GULF HOSPITALITY TRADING CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 18th May 1992
Commercial Registration Number : 46450, Safat
Trade Licence Number : 355/92
Chamber Membership Number : 29330
Issued Capital : KD 180,000
Paid up Capital : KD 180,000
Total Workforce : 35
Activities : Distributors of general foodstuff products and catering equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
GULF HOSPITALITY TRADING CO WLL
Street : Street No.
61, Chapra Market
Area : Shuwaikh
Industrial Area
PO Box : 13621
Town : Keefan 71957
Country : Kuwait
Telephone : (965) 24835567
/ 24835568
Facsimile : (965) 24835569
Mobile : (965) 99068838
/ 99406669
Email : ghtc@gulfhospitality.com
/ al_julibi@arabia.com
Subject operates from a medium sized suite of offices and a shop that
are rented and located in the Industrial Area of Keefan.
Branch Office (s)
Location Description
· Al Fahem
(Charcoal) Roundabout Office
premises
Shuwaikh
Industrial Area
Tel: (965)
24829985
Fax: (965)
24835569
Name Position
· Abdullah Ibrahim
Al Julaibi Managing
Director
· Ms Ghanima Fahd
Nasser Al Farhan Director
· Abdulrahman
Abdullah Ibrahim Al Julaibi General
Manager
· Thamer Abdullah
Salem Al Obeedli Commercial
Manager
· Alaa Eddine
Mahmoud Financial
Manager
Date of
Establishment : 18th
May 1992
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 46450, Safat
Trade Licence No. : 355/92
Chamber Member No. : 29330
Issued Capital : KD 180,000
Paid up Capital : KD 180,000
· Abdullah Ibrahim
Al Julaibi
· Ms Ghanima Fahd
Nasser Al Farhan
Activities: Engaged in the import and distribution of general foodstuff products
(dried foods, frozen meat, fish, chicken
& vegetables) and catering equipment.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 35 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
1,880,000 KD
2,010,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
National Bank of Kuwait SAK
Main Branch
Keefan
Tel: (965) 24815088
Fax: (965) 24839016
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 and the above credit figure is considered to be within
subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
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|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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.