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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
AL AHLIYA GROUP CO WLL FOR FOODSTUFF &
CONSUMER PRODUCTS |
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Registered Office : |
Ardiya Industrial
Area, |
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Country : |
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Date of Incorporation : |
22.04.1996 |
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Com. Reg. No.: |
99646 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of general foodstuff products and fast moving consumer goods |
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No. of Employees : |
170 |
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 |
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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 : AL AHLIYA GROUP CO WLL FOR FOODSTUFF & CONSUMER
PRODUCTS
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 22nd April 1996
Commercial Registration Number : 99646
Trade Licence Number : 1021/2004
Chamber Membership Number : 49458
Issued Capital : KD 500,000
Paid up Capital : KD 500,000
Total Workforce : 170
Activities : Distributors of general foodstuff products and fast moving consumer
goods.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Ali Mohamed Harba, General Manager
AL AHLIYA GROUP CO
WLL FOR FOODSTUFF & CONSUMER PRODUCTS
Registered &
Physical Address
Location : Ardiya Industrial Area
PO Box : 2280
Town : Safat 13028
Country : Kuwait
Telephone : (965) 24827064 / 24915017 / 24915018
/ 24827064
Facsimile : (965) 24813255
Email : ahlia@qualitynet.com
Premises
Subject operates
from a large suite of offices and a warehouse that are rented and located in
the Industrial Area of Safat.
Branch Office (s)
Location Description
·
Shuwaikh
Industrial Area, Plot No. 3 Showroom
premises
Tel: (965) 67064041
Name Position
·
Mohamed
Khalid Nasser Al Noon Managing
Director
·
Khalid
Nasser Falah Al Noon Director
·
Ali
Mohamed Harba General
Manager
·
Mohamed
Salah Finance
Manager
·
Zakaria
Al Saie Sales
Manager
Date of Establishment : 22nd
April 1996
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 99646
Trade Licence No. :
1021/2004
Chamber Member No. : 49458
Issued Capital : KD 500,000
Paid up Capital : KD 500,000
·
Mohamed
Khalid Nasser Al Noon
·
Khalid
Nasser Falah Al Noon
Activities: Engaged in the import and distribution of
general foodstuff products and fast moving consumer goods.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of approximately 170 employees.
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.
·
Al Ahli
Bank of Kuwait KSC
PO Box: 1387
Safat 13014
Tel: (965) 22411101 / 22411102
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.37 |
|
UK Pound |
1 |
Rs.85.95 |
|
Euro |
1 |
Rs.67.87 |
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 |
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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 |
|
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.