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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
OASIS HANDMADE CARPET CENTRE EST |
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Registered Office : |
Building No. 26, Block No. 326 Road No. 306, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.02.2001 |
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Com. Reg. No.: |
46566, Manama |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail of handmade carpets and rugs. |
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No. of Employees : |
6 |
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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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 : OASIS HANDMADE CARPET CENTRE EST
Country of Origin : Bahrain
Legal Form : Sole Proprietorship
Registration Date : 18th February 2001
Commercial Registration Number : 46566, Manama
Chamber Membership Number : 9242
Invested Capital : BD 25,000
Total Workforce : 6
Activities : Wholesale and retail of handmade carpets and rugs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Abdul Waheed Abdullah Ahmed Dabwan, General Manager
OASIS HANDMADE CARPET CENTRE EST
Building : Building No.
26, Block No. 326
Street : Road No.
306, Osama Bin Ziyad Street
Area : Adliya Area
PO Box : 26293
Town : Manama
Country : Bahrain
Telephone : (973-17) 713197
Facsimile : (973-17)
713197 / 230876
Mobile : (973-39)
460324 / 277060
Email : oasis_carpets@yahoo.com
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Manama.
Name Position
· Mohamed Ahmed
Mubarak Proprietor
· Abdul Waheed
Abdullah Ahmed Dabwan General
Manager
Date of
Establishment : 18th
February 2001
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 46566, Manama
Chamber Member No. : 9242
Invested Capital : BD 25,000
Mr Mohamed Ahmed Mubarak is the sole proprietor of the business.
Activities: Engaged in the wholesale and retail of handmade carpets and rugs.
Import Countries: India, Iran and Turkey
Brand Names: HABIBATIYAN, EZZTIYAN
and MANSOURI
Operating Trend: Steady
Subject has a workforce of 6 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
1,450,000 BD
1,875,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Bank of Bahrain & Kuwait
43 Government
Avenue
PO Box: 597
Manama
Tel: (973-17)
253388
Fax: (973-17)
275785
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 business is considered to be a fair trade risk and the
above credit figure is within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.95 |
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1 |
Rs.86.56 |
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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.