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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL MARKETING CENTRE FOR GENERAL TRADING
AND CONTRACTING WLL |
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Registered Office : |
Shaker Abdulmajeed Al Kazem Building, Ahmed Al Jaber Al Street,
PO Box 747, Qurtoba 73507 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.03.1988 |
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Com. Reg. No.: |
93636 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of general
building materials, stone, marble and electrical equipment |
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No. of Employees : |
06 |
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 : NATIONAL MARKETING CENTRE FOR GENERAL TRADING AND
CONTRACTING WLL
Country of Origin : Kuwait
Legal Form : With Limited Liability - WLL
Registration Date : 6th March 1988
Commercial Registration Number : 93636
Trade Licence Number : 825/2003
Chamber Membership Number : 18799
Issued Capital : KD 50,000
Paid up Capital : KD 50,000
Total Workforce : 6
Activities :
Distributors of general building
materials, stone, marble and electrical
equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Matook, General Manager
NATIONAL MARKETING CENTRE FOR GENERAL
TRADING AND CONTRACTING WLL
Registered &
Physical Address
Building : Shaker Abdulmajeed Al Kazem Building
Street : Ahmed Al Jaber Al Street
PO Box : 747
Town : Qurtoba 73507
Country : Kuwait
Facsimile : (965) 4136438567
Mobile : (965) 6982333
Email : mmatook@gmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Qurtoba.
Name Position
·
Mohamed Haider Abbass Shamsuddine Managing
Director
·
Yousef Mohamed Haider Abbass Shamsuddine Director
·
Abdulaziz Mohamed Haider Abbass Shamsuddine Director
·
Thoraya Mohamed Haider Abbass Shamsuddine Director
·
Mohamed Matook General
Manager
Date of Establishment : 6th
March 1988
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 93636
Trade Licence No. : 825/2003
Chamber Member No. : 18799
Issued Capital : KD 50,000
Paid up Capital : KD 50,000
Name of
Shareholder (s)
·
Mohamed Haider Abbass Shamsuddine
·
Yousef Mohamed Haider Abbass Shamsuddine
·
Abdulaziz Mohamed Haider Abbass Shamsuddine
·
Thoraya Mohamed Haider Abbass Shamsuddine
Activities: Engaged in the import and distribution of general building
materials, stone, marble and electrical
equipment. Subject is also engaged in manpower supply.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 6 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 2,050,000 KD 2,175,000
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.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
UK Pound |
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
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 |
---- |
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.