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Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIACLOUD WLL |
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|
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Registered Office : |
Manama Centre Building No.114, Suite No. 201, Flat No. 21, Block No.
316, Government Avenue, PO Box : 2724 & 5748, Manama |
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Country : |
Bahrain |
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|
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Date of Incorporation : |
15.12.2004 |
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Com. Reg. No.: |
55338-1 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Providers of calling products, including calling cards, calling
accounts and call shops. |
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No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but Correct |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Bahrain |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
bahrain - ECONOMIC OVERVIEW
Bahrain has taken great strides in diversifying its economy
and its highly developed communication and transport facilities make Bahrain
home to numerous multinational firms with business in the Gulf. As part of its diversification
plans, Bahrain implemented a Free Trade Agreement (FTA) with the US in August
2006, the first FTA between the US and a Gulf state. Bahrain's economy,
however, continues to depend heavily on oil. Petroleum production and refining
account for more than 60% of Bahrain's export receipts, 70% of government
revenues, and 11% of GDP. Other major economic activities are production of
aluminum - Bahrain's second biggest export after oil - finance, and
construction. Bahrain competes with Malaysia as a worldwide center for Islamic
banking and continues to seek new natural gas supplies as feedstock to support
its expanding petrochemical and aluminum industries. In 2011 and 2012, Bahrain
experienced economic setbacks as a result of domestic unrest, however, several
factors indicate that the economy is beginning to recover, such as the return
of the formula one race and tourist cruise ships to Bahrain. Economic policies
aimed at restoring confidence in Bahrain's economy, such as the suspension of
an expatriate labor tax and frequent bailouts of Gulf Air, will make Bahrain's
foremost long-term economic challenges - youth unemployment and the growth of
government debt - more difficult to address.
|
Source
: CIA |
Company Name :
VIACLOUD WLL
Country of Origin :
Bahrain
Legal Form :
With Limited Liability - WLL
Registration Date :
15th December 2004
Commercial Registration Number :
55338-1
Issued Capital :
BD 1,131,000
Paid up Capital :
BD 1,131,000
Total Workforce :
35
Activities :
Providers of calling products, including calling cards, calling accounts and
call shops.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
VIACLOUD WLL
Registered &
Physical Address
Building : Manama
Centre Building No.114, Suite No. 201, Flat No. 21, Block No. 316
Street : Government
Avenue
PO Box : 2724 &
5748
Town : Manama
Country : Bahrain
Telephone : (973-17) 501220
Facsimile : (973-17)
226679
Mobile : (973-39)
667574
Email : info@viacloud.com
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Manama.
Name Position
Ahmed Dhafer Ahmed Alumran Managing
Director
Marwan Cecil Khaled Tabbara Director
Date of Establishment : 15th
December 2004
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 55338-1
Issued Capital : BD 1,131,000
Paid up Capital : BD 1,131,000
Name of
Shareholder (s) Percentage
Viacloud Holding Company SPC 99.9%
Manama
Viacloud Holdings Limited 0.1%
British Virgin Islands
Activities: Engaged in the provision of calling products, including calling cards,
calling accounts and call shops.
Subject has a workforce of 35 employees.
Companies registered in Bahrain are not legally required to make their accounts
public and no financial information was released by the company or submitted by
outside sources.
Arab Bank Plc
Government Avenue
PO Box: 395
Manama
Tel: (973-17) 229988
Fax: (973-17) 210443
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.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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.