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Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ETS JAMAL TAWIL |
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Registered Office : |
Route de Nouadhibou, Secteur D, Nouakchott |
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Country : |
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Year of Establishment : |
1983 |
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Com. Reg. No.: |
18529 |
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Legal Form : |
Proprietorship
Concern |
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Line of Business : |
Wholesaler of wood, construction materials and sanitary
equipment |
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No. of Employees : |
10 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Mauritania |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MauritAnia - ECONOMIC OVERVIEW
Half the population still depends on agriculture and livestock for a livelihood, even though many of the nomads and subsistence farmers were forced into the cities by recurrent droughts in the 1970s and 1980s. Mauritania has extensive deposits of iron ore, which account for nearly 40% of total exports. The nation's coastal waters are among the richest fishing areas in the world but overexploitation by foreigners threatens this key source of revenue. The country''s first deepwater port opened near Nouakchott in 1986. Before 2000, drought and economic mismanagement resulted in a buildup of foreign debt. In February 2000, Mauritania qualified for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative and nearly all of its foreign debt has since been forgiven. A new investment code approved in December 2001 improved the opportunities for direct foreign investment. Mauritania and the IMF agreed to a three-year Poverty Reduction and Growth Facility (PRGF) arrangement in 2006. Mauritania made satisfactory progress, but the IMF, World Bank, and other international actors suspended assistance and investment in Mauritania after the August 2008 coup. Since the presidential election in July 2009, donors have resumed assistance. Oil prospects, while initially promising, have largely failed to materialize, and the government has placed a priority on attracting private investment to spur economic growth. The Government also emphasizes reduction of poverty, improvement of health and education, and privatization of the economy. Economic growth remained above 5% in 2010-11, mostly because of rising prices of gold, copper, iron ore, and oil.
|
Source : CIA |
ETS JAMAL TAWIL
Payment
Record: UNDETERMINED
This rating is based on available data. In the event of additional information a possibility for a different rating applies.
Registration
Number: 18529
Registration
Date: 1983
Legal
Form: PROPRIETORSHIP
Latest
Financials: N/A
Nominal
Capital: N/A
Issued
Capital: N/A
Turnover: N/A
Net
Profit: N/A
Net
Worth: N/A
Investigation
Number: 169567
Company
Name: ETS
JAMAL TAWIL
Country: MM
Street
Name:
City
Code: ROUTE
DE NOUADHIBOU SECTUER D NOUAKCHOTT
Phone
Number: 22245251776
Comments: NOTES:
R C N0.18529 NOUAKCHOTT
Company
Name: ETS
JAMAL TAWIL
Headquarter Address: Route
de Nouadhibou,
Secteur D,
Nouakchott,
Mauritania
Telephone: +2224525
1776
Fax: +2224525
1776
E‑Mail: jtjemal2003@yahoo.fr
Company
was originally started on 1983
Current
Legal Form: PROPRIETORSHIP
Registration Address: Route
de Nouadhibou,
Secteur D,
Nouakchott
Registration
Number: 18529
Registration
Date: 1983
Year/Date
Company Established: 1983
Registration
Town: Nouakchott
Capital is NOT disclosed.
Information on Shareholders is not
available/applicable
Name: Mr
Jamal Tawil
Position
within the company: Proprietor
& General manager
Country
of Birth: Mauritania
Nationality: Mauritanian
Can
fluently speak: Arabic
& French
Name: Mr
Ahmed Saw El Haj
Position
within the company: Commercial
Representative
Country
of Birth: Mauritania
Nationality: Mauritanian
Can
fluently speak: Arabic
& French
NACE
Codes: 4673 Wholesale of wood, construction
materials and sanitary equipment
4752 Retail sale of hardware, paints and
glass in specialised stores
ETS
JAMAL TAWIL is engaged in trade of hardware, construction materials, wood,
sanitary ware, ceramic tiles ...
Local Reporters
consider the investigated company to be MEDIUM in their field of concern.
Employees Company
Employs: 10
HQ
Premises Operates
from: Owned Office , Shop
Location: Central
Business Area, Main Road
Branches Ilot
K,
238 Avenue Kennedy,
Nouakchott,
Mauritania
Branch is: Owned
Description of branch: Shop
Imports
Import
% and type of product: 100%
Finished Goods
Imports
From: Italy,
Spain, China, France, Tunisia, Egypt
Importing Terms: Bank
transfer
Additional Information: Letters
of credit
Exports
Export
% and type of product: Subject
does not export
Trading
& Selling
Territory: 100%
Nationally
Type
of Customer: General
Public, Resellers
Subsidiaries
Affiliates
Information on Related Companies is not
available/applicable
CHINGUITTY
BANK,
Branch:
Nouakchott
Avenue
Gamal Abdel Nasser ‑ BP 626,
Nouakchott,
Mauritania
Subject's payments reported to
be: UNDETERMINED
Name/Title: Mr.
Jamal Tawil General manager
Comment: Subject has
confirmed the general details provided in the report but
has
declined to provide any Financial Data.
Reporter Comment Date: 05/11/2012
Reporter Comment: In the interview conducted with
Mr. Jamal Tawil, General Manager, he declined
bank
account number and any financial information citing the grounds of company’s
confidentiality.
Local
Reputation: The
company being investigated is considered by local reporters to be
a
Fair / Normal Trade Risk.
Owner/Shareholders
Comments: All or most of
the owners / shareholders have an active participation in
the
running of the business.
Age of
Business: The
company is long established in the local market.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.08 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.37 |
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 |
|
---- |
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.