MIRA INFORM REPORT

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ONE ADVERTISING AND PUBLIC RELATIONS

 

 

Registered Office :

One Media House, Villa 619, Block 334, Road No. 3419, Adliya, P O Box 32862, Manama

 

 

Country :

Bahrain

 

 

Date of Incorporation :

09.9.2004

 

 

Com. Reg. No.:

71418-1

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Providers of event management, marketing, web development, interior design, sound and video and print media services

 

 

No. of Employees :

08

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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)

Bahrain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


SUMMARY

 

Company Name                                     : ONE ADVERTISING AND PUBLIC RELATIONS

Country of Origin                                    : Bahrain

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 9th September 2004

Commercial Registration Number            : 71418-1

Invested Capital                                     : BD 10,000

Total Workforce                                     : 8

Activities                                               : Providers of event management, marketing, web development, interior

                                                              design, sound and video and print media services.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

 


COMPANY NAME

 

ONE ADVERTISING AND PUBLIC RELATIONS

 

 

company ADDRESS

 

Registered & Physical Address

Building             : One Media House, Villa 619, Block 334

Street               : Road No. 3419

Area                 : Adliya

PO Box             : 32862

Town                 : Manama

Country             : Bahrain

Telephone         : (973-17) 625274 / 180550

Facsimile          : (973-17) 180552

Mobile               : (973-38) 871842

Email                : info@oneeventz.com / alwin.alexander@oneeventz.com / sami.mehdi@oneevetz.com

 

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Manama.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Lehmedah Building C                                                                         Office premises

Seef District

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Tahaat Rama Jaberi Hajj                                                                    Proprietor

 

·       Sami Mehdi                                                                                      General Manager          

 

·       Alwin Alexander                                                                                Sales Manager

 

·       Fardan Raffii                                                                                     Media Manager

 

·       Enver Yuksel                                                                                    Marketing Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 9th September 2004

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 71418-1, Manama

 

Invested Capital           : BD 10,000

 

Mr Tahaat Rama Jaberi Hajj is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged as providers of event management, marketing, web development, interior design, sound and

     video and print media services.

 

Subject has a workforce of 8 employees.

 

 

FINANCIAL DATA

 

Companies registered in Bahrain are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Al Ahli Commercial Bank

Government Avenue

PO Box: 5941

Manama

Tel: (973-17) 244333

Fax: (973-17) 241301

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 


GENERAL COMMENTS

 

Please note that we were unable to contact the subject directly during our investigation.

 

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.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.34

UK Pound

1

Rs.86.11

Euro

1

Rs.69.07

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

----

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.