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Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AL HAFEZ TRADING EST |
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Registered Office : |
Building No. 281,
Plot No. 2, Al Ardiya Industrial Area, P O Box 2641, Safat 13027 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.09.1973 |
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Com. Reg. No.: |
15179, Safat |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject’s operates several divisions · Medical Division Lubricants
Division |
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No. of Employees : |
18 |
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) |
|
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 : AL HAFEZ TRADING EST
Country of Origin : Kuwait
Legal Form : Sole Proprietorship
Registration Date : 15th September 1973
Commercial Registration Number : 15179, Safat
Trade Licence Number : 2410/73
Chamber Membership Number : 3186
Invested Capital : KD 50,000
Total Workforce : 18
Activities : Subject’s operates several divisions (see below for details)
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL HAFEZ TRADING
EST
Registered &
Physical Address
Building : Building No. 281, Plot No. 2
Area : Al Ardiya Industrial Area
PO Box : 2641
Town : Safat 13027
Country : Kuwait
Telephone : (965) 22425762 / 22425763 / 1836979 /
24342316
Facsimile : (965) 22416890 / 24339378
Email : contact@alhafez.net / alhafez@qualitynet.net
Please note that
subject’s previous address was, Dasman Complex, Al Sharq Area, Safat.
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Safat.
Name Position
·
Ms Zamzam
Abdul Hussain Mohamed Ali Rajab Proprietor
·
Issa
Abdul Hussain Mohamed Ali Rajab General
Manager
·
Anwar Behbehani Assisant
General Manager
·
Ahlam
Behbehani Financial
Controller
Date of Establishment : 15th
September 1973
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 15179, Safat
Trade Licence No. : 2410/73
Chamber Member No. : 3186
Invested Capital
: KD 50,000
Ms Zamzam Abdul
Hussain Mohamed Ali Rajab is the sole proprietor of the business.
Activities: Subject’s operations are performed through
the following divisions:
·
Medical
Division
Engaged in the import and distribution of
medical and pharmaceutical products.
·
Lubricants
Division
Engaged in the import and distribution of lubricants
and greases.
Import
Countries: Europe and the
United States of America.
Brand Names: SHELL
Operating Trend: Steady
Subject has a
workforce of 18 employees.
Financial
highlights provided by local sources are given below:
Currency: Kuwaiti
Dinar (KD)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales KD 1,200,000 KD 1,340,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
National
Bank of Kuwait SAK
Ali Awadi Tower
Ahmed Al Jaber Street
PO Box: 95
Safat 13001
Tel: (965) 23981188 / 23981189
Fax: (965) 23985643
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.41 |
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UK Pound |
1 |
Rs.86.93 |
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Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.