MIRA INFORM REPORT

 

 

Report Date :

11.07.2012

 

IDENTIFICATION DETAILS

 

Name :

LAYALI AL MADINA GENERAL TRADING CO WLL

 

 

Registered Office :

Factory No. 19, Building No. 137, Block 1, Al Rai, P O Box 764, Souk Al Dakhli 15258

 

 

Country :

Kuwait

 

 

Date of Incorporation :

22.01.2006

 

 

Com. Reg. No.:

109914

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

distribute General Merchandise

 

 

No. of Employees :

20

 

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

 

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 – 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

 

 

SUMMARY

 

Company Name                                     : LAYALI AL MADINA GENERAL TRADING CO WLL

Country of Origin                                    : Kuwait

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : 22nd January 2006

Commercial Registration Number            : 109914

Trade Licence Number                            : 4801/2006

Chamber Membership Number                : 99181

Issued Capital                                        : KD 150,000

Paid up Capital                                      : KD 150,000

Total Workforce                                     : 20

Activities                                               : General trade licence

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

COMPANY NAME

 

LAYALI AL MADINA GENERAL TRADING CO WLL

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Factory No. 19, Building No. 137, Block 1

Area                 : Al Rai

PO Box             : 764

Town                 : Souk Al Dakhli 15258

Country             : Kuwait

Telephone         : (965) 22496287

Facsimile          : (965) 22496286

Mobile               : (965) 99899424 / 99517841

 

Premises

Subject operates from a medium sized suite of offices that are rented and located in the Industrial Area of Souk Al Dakhli.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Khalid Mohamed Al Mutairi                                                                Managing Director

·       Osama Khalid Mohamed Al Mutairi                                                     Director

·       Abdul Karim Mohamed Shaouf Abdul Karim                                         General Manager

·       Faisal Dalvi                                                                                       Assistant General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 22nd January 2006

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 109914

 

Trade Licence No.       : 4801/2006

 

Chamber Member No. : 99181

 

Issued Capital              : KD 150,000

 

Paid up Capital            : KD 150,000

 

Name of Shareholder (s)

·       Khalid Mohamed Al Mutairi

·       Osama Khalid Mohamed Al Mutairi

 

 

OPERATIONS

 

Activities: Subject holds a general trade licence, enabling it to distribute general merchandise.

 

Subject has a workforce of 20 employees.

 

 

FINANCIAL DATA

 

Companies registered in Kuwait are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Kuwait Finance House (KFH)

Safat Square

Abdullah Al Mubarak Street

PO Box: 24989

Safat 13110

Tel: (965) 22445050

Fax: (965) 22455135

 

·       Commercial Bank of Kuwait SAK

     Mubarak Al Kabir Street

     PO Box: 2861

     Safat 13029

     Tel: (965) 22411001

     Fax: (965) 22450150

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

GENERAL COMMENTS

 

Please note that Luster International Manufacturing for Gold Jewellery is a separate legal entity with the commercial registration number 328846.

 

Please note that we were unable to contact the subject directly during our investigation.

 

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.55.81

UK Pound

1

Rs.86.53

Euro

1

Rs.68.58

 

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%)

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.