MIRA INFORM REPORT
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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AREDH AL THABIAH GENERAL TRADING &
CONTRACTING CO WLL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
25.07.2006 |
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Com. Reg. No.: |
112110 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Subject operates through several divisions :- · Contracting Division · Real Estate Division · Grocery & Supermarket Division · Restaurant Division |
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No. of Employees
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45 |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : AREDH AL THABIAH GENERAL TRADING & CONTRACTING CO
WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 25th July 2006
Commercial Registration Number : 112110
Trade Licence Number : 482/2006
Chamber Membership Number : 103142
Issued Capital : KD 500,000
Paid up Capital : KD 500,000
Total Workforce : 45
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
AREDH AL THABIAH GENERAL TRADING &
CONTRACTING CO WLL
Registered &
Physical Address
Building : Gulf Bank Building, 1st Floor
Area : Mangaf Area
PO Box : 304
Town : Sabahiya 54574
Country : Kuwait
Telephone : (965) 23720505 / 23728787
Facsimile : (965) 23730505
Mobile : (965) 97396481 / 60650950 /
97789297
Email : info@attcgroup.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Sabahiya.
Name Nationality Position
·
Naif
Marzouk Al Rashidi Kuwaiti Managing
Director
·
Ahmed P
Kandethil Indian Director
·
Ahmed
Marzouk Saad Al Rashidi Kuwaiti General
Manager
·
Sagir
Ali - Financial
Manager
·
Kannan
R Nair - Commercial
Manager
·
Mohamed
Nazir - Letting
Manager
Date of Establishment: 25th July 2006
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 112110
Trade Licence No. : 482/2006
Chamber Member No.: 103142
Issued Capital : KD 500,000
Paid up Capital : KD 500,000
Name of Shareholder
(s)
·
Naif
Marzouk Al Rashidi
·
Ahmed P
Kandethil
·
Al
Bahja Trading & Cont Co
Kuwait
·
United
Fairmount General Trading Est
Kuwait
·
Spice
Island Hotel Group
Kuwait
·
Al
Thabiah Bakers & Confectioneries
Kuwait
·
Star
Flow Real Estate Co
Kuwait
·
Seven
Plus General Trading & Cont Co WLL
Qatar
·
Club
Asia Hotel Group
·
Bell
Pepper Hotel Group
Activities: Subject’s operations are performed through
the following divisions:
·
Contracting
Division
General contractors,
specialising in piping, welding and fabricating work.
·
Real
Estate Division
Providers of real estate
apartment villas and rental services.
·
Grocery
& Supermarket Division
Operators of grocery stores
and supermarkets.
·
Restaurant
Division
Operators of Indian restaurants.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 45 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.
·
National
Bank of Kuwait SAK
Sabahiya
Tel: (965) 23611397
Fax: (965) 23617013
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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UK Pound |
1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
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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 |
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.