MIRA INFORM REPORT

 

 

Report Date :           

23.02.2012

 

IDENTIFICATION DETAILS

 

Name :

TAJ MAHAL SHAIGI

 

 

Registered Office :

Hebron West Bank Palestinian Authority

 

 

Country :

Israel

 

 

Date of Incorporation :

---

 

 

Legal Form :

---

 

 

Line of Business :

---

 

 

No. of Employees :

---

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

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)

Israel

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

TAJ MAHAL SHAIGI

Telephone    972 59 941 41 53 (cellular)

HEBRON     WEST BANK       PALESTINIAN AUTHORITY

 

 

HISTORY & LEGAL FORMATION

 

This is a business established in the Palestinian Authority.  Due to lack of cooperation from subject's officials so far, at this stage we are unable to determine subject's basic registration data: whether this is a private limited company or a non-registered business. However, we assume it is a non-registered business. Year of establishment is also unavailable.

 

 

OWNERSHIP

 

Subject is owned by Mr. Marwan Sharif.

 

 

GENERAL MANAGER

 

Marwan Sharif

 

 

BUSINESS

 

Line of business not forthcoming.

 

Since subject's officials refused to cooperate so far (and we could not find such a business in the Palestinian Trade Directories) we could not come up with details on the nature of activities.

 

Operating from the city of Hebron, in the West Bank, Palestinian Authority. We could not confirm subject's more specific physical address.

 

Number of employees not forthcoming.

 

 

MEANS

 

Financial data not forthcoming.

 

 

SALES

 

Sales figures not forthcoming.

 

 

BANKERS

 

Bank data not forthcoming.

 

 

CHARACTER AND REPUTATION

 

We called the cellular number you gave us (in caption) and spoke with Omayer Sharif, the son of Marwan Sharif. He only confirmed to us that subject is owned by his father and that they operate from Hebron, but refused to add anything else. He said he will pass the message to his father. Omayer also told us that subject does not have a fixed-line telephone number, only cellular, from which we conclude that this is a small business.

 

So far subject’s owner General Manager Marwan Sharif did not return to us. We later called the cellular number again, but could not get Marwan. It may be that he is trying to avoid us.

We shall update you in case we manage to obtain further data.

 

 

SUMMARY

 

For the time being, dealings are recommended on a cash in advance or fully secured basis only.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.76.75

Euro

1

Rs.65.16

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.