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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
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Name : |
AL AMANAH AL KHALIJIA GENERAL TRADING CO WLL |
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Registered Office : |
New Wholesale Market, Office No. 5 Tumour Street Shuwaikh Industrial
Area PO Box 28712 & 27109
Safat 13148 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
05.07.2005 |
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Com. Reg. No.: |
108239, Safat |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Wholesale and retail of general foodstuff products. |
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No. of Employees : |
22 |
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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Maximum Credit Limit : |
US$ 150,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 AMANAH AL KHALIJIA GENERAL TRADING CO WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 5th July 2005
Commercial Registration Number : 108239, Safat
Trade Licence Number : 3058/2005
Chamber Membership Number : 96141
Issued Capital : KD 150,000
Paid up Capital : KD 150,000
Total Workforce : 22
Activities : Wholesale and retail of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Mohamed Haroon, Commercial Manager
AL AMANAH AL KHALIJIA GENERAL TRADING CO WLL
Location : New Wholesale
Market, Office No. 5
Street : Tumour
Street
Area : Shuwaikh
Industrial Area
PO Box : 28712 &
27109
Town : Safat 13148
Country : Kuwait
Telephone : (965) 24928133
/ 22424104 / 22490223 / 22428384 / 24929990
Facsimile : (965) 24927349
Mobile : (965)
99062628 / 99781524 / 65029923
Email : info@alamanahcorp.com / alamanah@alamanah.net
Subject operates from a medium sized suite of offices, a warehouse and a
showroom that are rented and located in the Industrial Area of Safat.
Name Nationality Position
· Hashimya Sayed Ali Kuwaiti Managing
Director
· Ali Ahmed Ali
Mohamed Afghani Director
· Mohamed Ismail
Mohamed Afghani Director
· Mohamed Haroon - Commercial
Manager
· Hatim Mostafa Al Abdo Rabi - Sales
Manager
Date of
Establishment : 5th
July 2005
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 108239, Safat
Trade Licence No. : 3058/2005
Chamber Member No. : 96141
Issued Capital : KD 150,000
Paid up Capital : KD 150,000
· Hashimya Sayed Ali
· Ali Ahmed Ali
Mohamed
· Mohamed Ismail
Mohamed
Activities: Engaged in the wholesale and retail of general foodstuff products,
including rice, pulses, spices, sugar, edible oils, meat, pickles, frozen and canned
foods.
Import Countries: India, Pakistan, Thailand, Egypt, USA, Canada,
Burma, Pakistan, UAE, Malaysia, Spain, Syria, Oman, Brazil and Australia.
Brand Names: AKRAM, HAMZA, AL AMANAH, SANOBRY, AL KAZI and
ASLAM
Operating Trend: Steady
Subject has a workforce of 22 employees.
Financial highlights provided by local sources are given below:
Currency: Kuwaiti Dinars (KD)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales KD
2,435,000 KD
2,750,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
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.
Local sources report that payment obligations are met in a generally timely
manner and the operating history is clear. As such the company is deemed a fair
trade risk and the above credit figure is considered to be within subject’s
financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
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|
1 |
Rs.79.76 |
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Euro |
1 |
Rs.66.52 |
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.