MIRA
INFORM REPORT
|
Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CRESCENT COMMERCIAL CO WLL |
|
|
|
|
Registered Office : |
Plot No. A, Building 55/56 Road No. 85 Shuwaikh Industrial Area PO Box 1904 Safat 13020 |
|
|
|
|
Country : |
Kuwait |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
29.01.1963 |
|
|
|
|
Com. Reg. No.: |
7876, Safat |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Distributors of general foodstuff products. |
|
|
|
|
No. of Employees : |
18 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : CRESCENT COMMERCIAL CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 29th January 1963
Commercial Registration Number : 7876, Safat
Trade Licence Number : 686/74
Chamber Membership Number : 332
Issued Capital : KD 100,000
Paid up Capital : KD 100,000
Total Workforce : 18
Activities : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Alkish Batmark Thakker, Managing Director
COMPANY NAME
CRESCENT COMMERCIAL CO WLL
ADDRESS
Registered & Physical Address
Location : Plot No. A,
Building 55/56
Street : Road No. 85
Area : Shuwaikh
Industrial Area
PO Box : 1904
Town : Safat 13020
Country : Kuwait
Telephone : (965) 24819422
/ 24840995 / 24840996 / 24830344 / 24848611 / 24818579
Facsimile : (965) 24842643
Mobile : (965)
66869645
Email : cresent.commercial@gmail.com
Premises
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Industrial Area of Safat.
KEY PRINCIPALS
Name Nationality Position
· Alkish Batmark
Thakker Indian Managing
Director
· Amrat Lal Babu Lal
Thakker Indian Director
· Mohamed Yousef Al
Kandari Kuwait Director
· Ram Bhatia - General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 29th January 1963
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 7876, Safat
Trade Licence No. : 686/74
Chamber Member No. : 332
Issued Capital : KD 100,000
Paid up Capital : KD 100,000
Name of Shareholder (s)
· Alkish Batmark
Thakker
· Amrat Lal Babu Lal
Thakker
· Mohamed Yousef Al
Kandari
OPERATIONS
Activities: Engaged in the import and distribution of general foodstuff products,
including dried foods and pulses.
Import Countries: Europe and GCC countries.
International Suppliers:
· United Food
Company Dubai, United Arab
Emirates
· Turtlewax Ltd United Kingdom
· Mersi Food
Industries Pakistan
Operating Trend: Steady
Subject has a workforce of 18 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Kuwaiti Dinars (KD)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales KD
2,550,000 KD
2,690,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Commercial Bank of Kuwait SAK
Mubarak
Al Kabir Street
PO Box:
2861
Safat
13029
Tel:
(965) 22411001
Fax:
(965) 22450150
·
National Bank of Kuwait SAK
Ali Awadi Tower
Ahmed Al Jaber Street
PO Box: 95
Safat 13001
Tel: (965) 23981188 / 23981189
Fax:
(965) 23985643
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.51.06 |
|
|
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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.