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Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SEFEENA GENERAL TRADING & CONTRACTING CO WLL |
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Registered Office : |
Al Sharq Area |
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Country : |
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Date of Incorporation : |
05.03.1993 |
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Com. Reg. No.: |
3365131, Safat |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject operates several divisions like Sefeena Food Division,Sefeena
Rent A Car Division, Sefeena Engineering Division |
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No. of Employees : |
200 |
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) |
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Kuwait |
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 : SEFEENA GENERAL TRADING & CONTRACTING CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 5th March 1993
Commercial Registration Number : 3365131, Safat
Trade Licence Number : 1945/2010
Chamber Membership Number : 3555
Issued Capital : KD 250,000
Paid up Capital : KD 250,000
Total Workforce : 200
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
SEFEENA GENERAL TRADING & CONTRACTING CO WLL
Location : Al Sharq Area
PO Box : 5610 & 485
Town : Safat 13057
Country : Kuwait
Telephone : (965) 22456293 / 22456295 / 22456294 / 22456296
/ 22491938 / 22491948
Facsimile : (965) 22456297
Email : sefeenaq8@hotmail.com
/ gentrdg@sefeena.com
/ carrental@sefeena.com
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Suburban Business Area of Safat.
Name Nationality Position
· Matan Matayus Indian Managing
Director
· James Matan
Matayus Indian Director
· Nasser Mohamed
Nasser Al Sayer Kuwaiti Director
Date of
Establishment : 5th
March 1993
History : Subject started
in 1993 as a Sole Proprietorship but changed legal forms to become a With Limited
Liability company in 2010.
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 3365131, Safat
Trade Licence No. : 1945/2010
Chamber Member No. : 3555
Issued Capital : KD 250,000
Paid up Capital : KD 250,000
· Matan Matayus
· James Matan
Matayus
· Nasser Mohamed
Nasser Al Sayer
Activities: Subject’s operations are performed through the following divisions:
· Sefeena Food Division
Distributors
of general foodstuff products and beverages.
· Sefeena Rent A Car Division
Subject
operates a car rental service.
· Sefeena Engineering Division
Distributors
of office equipment and machinery, also provision of electromechanical
contractors.
Import Countries: Europe and the Far East.
International Suppliers:
· VIP Industries Ltd India
Subject has a workforce of approximately 200 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.
·
Commercial Bank of Kuwait SAK
Mubarak
Al Kabir Street
PO Box:
2861
Safat
13029
Tel:
(965) 22411001
Fax:
(965) 22450150
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
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Indian Rupees |
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US Dollar |
1 |
Rs.55.34 |
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|
1 |
Rs.86.55 |
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Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<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.