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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SARI TRADING STORE |
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Registered Office : |
Building 392A Road No. 1205 Salmabad Area PO Box 32906 Issa Town |
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Country : |
Bahrain |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1989 |
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Com. Reg. No.: |
29741-2, Manama |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of rice, honey, prawns and general foodstuffs. |
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No. of Employees : |
18 |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Bahrain |
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 : SARI TRADING STORE
Country of Origin : Bahrain
Legal Form : Sole Proprietorship
Start Date : 1989
Registration Date : 22nd November 1998
Commercial Registration Number : 29741-2, Manama
Chamber Membership Number : 5296
Invested Capital : BD 10,000
Total Workforce : 18
Activities : Distributors of rice, honey, prawns and general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
SARI TRADING STORE
Building : Building
392A
Street : Road No.
1205
Area : Salmabad
Area
PO Box : 32906
Town : Issa Town
Country : Bahrain
Telephone : (973-17) 874126
Facsimile : (973-17)
874136
Mobile : (973-39)
665252 / (973-36) 362450
Email : saritrad@batelco.com.bh
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Issa Town.
Branch Office (s)
Location Description
· Issa Town Warehouse
premises
Tel: (973-17)
681552
Name Position
· Batool Hussain
Qambar Abdullah Proprietor
· Sari Hussain
Nasserullah General
Manager
· Abdulaziz Hassan Sales
Manager
Date of Establishment : Subject’s operations date back to 1989
however it was registered on 22nd November 1998
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 29741-2, Manama
Chamber Member No. : 5296
Invested Capital : BD 10,000
Mrs Batool Hussain Qambar Abdullah is the sole proprietor of the
business.
· Sari for Packing
Grains
Manama
· Sari Furniture
Store
Manama
· Sari General
Trading Est
Manama
· Sari Cargo Centre
Manama
Activities: Engaged in the import and distribution of rice, honey, prawns and
general foodstuffs.
Import Countries: Pakistan, Iran and Lebanon
Operating Trend: Steady
Subject has a workforce of 18 employees.
Financial highlights provided by local sources are given below:
Currency: Bahraini Dinar (BD)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales BD
1,150,000 BD
1,275,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Arab Bank Plc
Government Avenue
PO Box: 395
Manama
Tel: (973-17)
229988
Fax: (973-17)
210443
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.08 |
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1 |
Rs.77.80 |
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Euro |
1 |
Rs.65.17 |
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 |
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