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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
QUALITY EIGHTY INTERNATIONAL GENERAL TRADING
&CONTRACTING WLL |
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|
|
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Registered Office : |
Unit No.
5, Warehouse No. 5, Free Trade Zone, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.04.1982 |
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Com. Reg. No.: |
87663 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
General transport, freight forwarding, storage and clearance services |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Kuwait |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name :
QUALITY EIGHTY INTERNATIONAL GENERAL TRADING &
CONTRACTING WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 1st April 1982
Commercial Registration Number : 87663
Trade Licence Number : 271/2002
Chamber Membership Number : 76567
Issued Capital : KD 50,000
Paid up Capital : KD 50,000
Total Workforce : 15
Activities : General transport, freight forwarding, storage and clearance services.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Ahmed Al Kadi, Human Resources Manager
QUALITY
EIGHTY INTERNATIONAL GENERAL TRADING & CONTRACTING WLL
Registered &
Physical Address
Location : Unit No.
5, Warehouse No. 5, Free Trade Zone
PO Box : 670
Town : Safat
51007
Country : Kuwait
Telephone : (965) 24610135
Facsimile : (965) 24610136
Mobile : (965) 66822252 / 66959957
Email : marwan@quality80.net / jaber@q80intl.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Free Trade Zone, Safat.
Name Nationality Position
·
Jaber Hussain Alwan Al Qatami Kuwaiti Managing
Director
·
Mahmoud Mohamed Tatralli Syrian Director
·
Mohamed Marwan Mahmoud Mohamed Tatralli Syrian Director
·
Mohamed Ali - Administration
Manager
·
Ahmed
Al Kadi - Human
Resources Manager
·
Santosh
Balati - Operations
Manager
·
Mohamed
Orifi - Finance
Manager
Date of Establishment : 1st
April 1982
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 87663
Trade Licence No. : 271/2002
Chamber Member No. : 76567
Issued Capital : KD 50,000
Paid up Capital : KD 50,000
Name of
Shareholder (s)
·
Jaber Hussain Alwan Al Qatami
·
Mahmoud Mohamed Tatralli
·
Mohamed Marwan Mahmoud Mohamed Tatralli
·
Kuwait
Freight System
Safat
Activities: Engaged in
general transport, freight forwarding, storage and clearance services.
Import
Countries: Europe and Asia.
Operating Trend: Steady
Subject has a
workforce of 15 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 1,400,000 KD 1,600,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
Kuwait & the Middle East KSC
Abdullah Al Salem Street
Darwaza Abdul Razzak
PO Box: 71
Safat 13001
Tel: (965) 22459771
Fax: (965) 22461430
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.81 |
|
UK Pound |
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.