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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BADR VET CO LTD |
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Registered Office : |
Building No. 186, Garden City, P O Box 4220, Khartoum |
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Country : |
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Year of Establishment : |
2009 |
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Com. Reg. No.: |
6419, Khartoum |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of veterinary medicine and products |
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No. of Employees : |
16 |
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) |
|
Sudan |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
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 : BADR VET CO LTD
Country of Origin : Sudan
Legal Form : Limited Liability Company
Registration Date : 2009
Commercial Registration Number : 6419, Khartoum
Issued Capital : SD 10,000
Paid up Capital : SD 10,000
Total Workforce : 16
Activities : Distributors of veterinary medicine and products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Osama Basheer Hassan, Managing Director
BADR VET CO LTD
Registered &
Physical Address
Building : Building No. 186
Area : Garden City
PO Box : 4220
Town : Khartoum
Country : Sudan
Telephone : (249-123) 130002 / 130004
Facsimile : (249-183) 284456
Mobile : (249-912) 130002 / 144773
Email : osamabash@gmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Suburban
Business Area of Khartoum.
Name Position
·
Osama
Basheer Hassan Managing
Director
·
Abdullah
Hassan Basheer Director
·
Abdul
Hafiz Mohamed Ali Commercial
Manager
Date of Establishment : 2009
Legal Form :
Limited Liability Company
Commercial Reg. No. : 6419,
Khartoum
Issued Capital : SD 10,000
Paid up Capital : SD 10,000
Name of Shareholder
(s)
·
Osama
Basheer Hassan
·
Abdullah
Hassan Basheer
Activities: Engaged in the import and distribution of
veterinary medicine and products.
Import
Countries: Italy,
Switzerland and India.
International
Suppliers:
·
Lyka
Labs Ltd India
·
Sanjenta Switzerland
·
FATRO Italy
Subject has a
workforce of 16 employees.
Companies
registered in Sudan are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
·
Omdurman
National Bank
Al Qasr Street
Khartoum
Tel: (249-183) 770400
Fax: (249-183) 778263
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.29 |
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UK Pound |
1 |
Rs.88.26 |
|
Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.