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Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AL NISF ELECTRICAL CO WLL |
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Registered Office : |
Street No. 1,
Plot No. 54, Shuwaikh Industrial Area, |
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Country : |
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Date of Incorporation : |
02.11.1996 |
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Com. Reg. No.: |
67303 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Subject operates through following several divisions · Al Nisf Switchgear Factory Al Nisf Lighting Factory Al Nisf Transformer Factory |
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No. of Employees : |
450 |
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) |
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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 NISF ELECTRICAL CO WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 2nd November 1996
Commercial Registration Number : 67303
Chamber Membership Number : 51235
Issued Capital : KD 1,020,000
Paid up Capital : KD 1,020,000
Total Workforce : 450
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Basil Amin, Assistant Financial Manager
AL NISF ELECTRICAL
CO WLL
Registered &
Physical Address
Street : Street No. 1, Plot No. 54
Area : Shuwaikh Industrial Area
PO Box : 4784 & 871
Town : Safat 13048
Country :
Telephone : (965) 24815139 / 24845660 / 24833162
/ 24811294 / 24727934
Facsimile : (965) 24815283 / 24815282 / 24731917
Email : nisfswqr@alnisfgroup.com / sales@alnisfgroup.com
Premises
Subject operates
from a large suite of offices and a warehouse that are owned and located in the
Industrial Area of Safat.
Branch Office (s)
Location Description
·
Al Rai
Industrial Area Owned
factory premises
·
Amghara
Industrial Area Owned
factory premises
Name Position
·
Osama
Mohamed Yousef Al Nisf Managing
Director
·
·
Yousef
Mohamed Yousef Al Nisf Director
·
Mussab
Salem Mohamed Yousef Al Nisf General
Manager
·
Mostafa
Henawi Financial
Manager
·
Basil
Amin Assistant Financial
Manager
Date of Establishment : 2nd
November 1996
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 67303
Chamber Member No. : 51235
Issued Capital : KD 1,020,000
Paid up Capital : KD 1,020,000
Name of Shareholder
(s)
·
Osama
Mohamed Yousef Al Nisf
·
·
Yousef
Mohamed Yousef Al Nisf
·
PO Box: 871
Safat 13009
Tel: (965) 24815139
Fax: (965) 24815282
Activities: Subject’s operations are performed through
the following divisions:
·
Al
Nisf Switchgear Factory
Engaged in the manufacture of switchgear,
panel control and circuit breakers.
·
Al
Nisf Lighting Factory
Engaged in the manufacture of lighting
fittings and accessories.
·
Al
Nisf Transformer Factory
Engaged in the manufacture of transformers.
Import
Countries: Europe and the
Subject has a
workforce of approximately 450 employees.
Companies
registered in
·
National
Bank of
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 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.71 |
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1 |
Rs.86.34 |
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Euro |
1 |
Rs.69.23 |
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 |
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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 |
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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.