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Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PEARL BAYDAI GENERAL TRADING &
CONTRACTING CO WLL |
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Registered Office : |
Ras Al Salmiya
Business District, Shuwaikh Industrial Area, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.03.1982 |
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Com. Reg. No.: |
32754 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of general foodstuff as well as operating a restaurant |
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No. of Employees : |
40 |
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name :
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 14th March 1982
Commercial Registration Number : 32754
Trade Licence Number : 5688/82
Chamber Membership Number : 11668
Issued Capital : KD 400,000
Paid up Capital : KD 400,000
Total Workforce : 40
Activities : Distributors of general foodstuff as well as operating a restaurant.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
PEARL BAYDAI GENERAL
TRADING & CONTRACTING CO WLL
Registered &
Physical Address
Location : Ras Al Salmiya Business District,
Shuwaikh Industrial Area
PO Box : 36100
Town : Salmiya 24751
Country : Kuwait
Telephone : (965) 24834646 /
25737333 / 25736333 / 24827013
Facsimile : (965) 24845533 /
25738333 / 24826878
Mobile : (965) 99061307
Email : baydai@qualitynet.net
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Industrial Area of Salmiya.
Name Nationality Position
·
Ali
Hassan Faqih Lebanese Managing Director
·
Nadim
Salman Al Bana Lebanese Director
·
Khalf
Faisal Khalf Al Anazi Kuwaiti Director
Date of Establishment : 14th
March 1982
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 32754
Trade Licence No. : 5688/82
Chamber Member No. : 11668
Issued Capital : KD 400,000
Paid up Capital : KD 400,000
Name of
Shareholder (s)
·
Ali
Hassan Faqih
·
Nadim
Salman Al Bana
·
Khalf
Faisal Khalf Al Anazi
Activities: Engaged in the import and distribution of general
foodstuff as well as operating a Turkish Grill restaurant.
Import
Countries: India and Europe
Operating Trend: Steady
Subject has a
workforce of 40 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 3,600,000 KD 4,250,000
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
Salmiya
Tel: (965) 25715989
·
Gulf
Bank KSC
Mubarak Al Kabir Street
PO Box: 3200
Safat 13033
Tel: (965) 22449501
Fax: (965) 22445212
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to make direct contact with the subject during the course of this
investigation.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.71 |
|
UK Pound |
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.23 |
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 |
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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 |
|
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 |
|
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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.