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Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
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Name : |
BAHRAIN SCRAPMOULD CO WLL |
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Registered Office : |
Building No.
1546, Block No. 951, Road No. 2831, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
17.11.2001 |
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Com. Reg. No.: |
48746-1, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of ferrous and non-ferrous scrap metals |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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) |
|
Bahrain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : BAHRAIN SCRAPMOULD CO WLL
Country of Origin : Bahrain
Legal Form : With Limited Liability - WLL
Registration Date : 17th November 2001
Commercial Registration Number : 48746-1, Manama
Chamber Membership Number : 10984
Issued Capital : BD 200,000
Paid up Capital : BD 200,000
Total Workforce : 50
Activities : Distributors of ferrous and non-ferrous scrap metals.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Raj Kumar, Financial Controller
BAHRAIN SCRAPMOULD
CO WLL
Registered &
Physical Address
Building : Building No. 1546, Block No. 951
Street : Road No. 2831
PO Box : 11177
Town : Manama
Country : Bahrain
Telephone : (973-17) 830448
Facsimile : (973-17) 830215
Email : scrapmou@batelco.com.bh
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Manama.
Name Position
·
Ali
Paul Eric Birch Managing
Director
·
Abdulrahman
Ali Ali Alsaad Director
·
Khaled
Abdulrasool Mohamed Taher Al Sharif Director
·
Ghassan
Ebrahim Ali Alsabbagh Director
·
Faisal
Ali Matrook Almatrook Director
·
Fareed
Yusuf Khalil Almoayyed Director
·
Jameel
Ali Matrook Almatrook Director
·
Derrik
Mascarah General
Manager
·
Raj
Kumar Financial
Controller
Date of Establishment : 17th
November 2001
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 48746-1,
Manama
Chamber Member No. : 10984
Issued Capital : BD 200,000
Paid up Capital : BD 200,000
Name of Shareholder
(s) Percentage
·
Ali
Paul Eric Birch 14.3%
·
Abdulrahman
Ali Ali Alsaad 14.3%
·
Khaled
Abdulrasool Mohamed Taher Al Sharif 14.3%
·
Ghassan
Ebrahim Ali Alsabbagh 14.3%
·
United
Commercial Services 14.3%
·
Faisal
Ali Matrook Almatrook 9.5%
·
Fareed
Yusuf Khalil Almoayyed 9.5%
·
Jameel Ali
Matrook Almatrook 9.5%
Activities: Engaged in the import and distribution of
ferrous and non-ferrous scrap metals.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 50 employees.
Financial
highlights provided by local sources are given below:
Currency: Bahraini
Dinar (BD)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales BD 3,750,000 BD 4,000,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
British
Bank of the Middle East
93 Al Khalifa Avenue
PO Box: 57
Manama
Tel: (973-17) 224555
Fax: (973-17) 226822
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 |
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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 |
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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 |
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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 |
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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.