|
Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BASHAR HEKMAR BAROUDI EST |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
16.01.1999 |
|
|
|
|
Com. Reg. No.: |
65345, |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Engaged in the import and distribution of general foodstuffs,
including rice, coffee, oil and sugar |
|
|
|
|
No. of Employees |
05 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No complaints |
|
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.
ECONOMIC OVERVIEW
Despite modest economic growth and reform prior to the outbreak of unrest, Syria's economy continues to deteriorate amid the ongoing conflict that began in 2011. The economy further contracted in 2013 because of international sanctions, widespread infrastructure damage, reduced domestic consumption and production, and sharply rising inflation. The government has struggled to address the effects of economic decline, which include dwindling foreign exchange reserves, rising budget and trade deficits, and the decreasing value of the Syrian pound. The ongoing conflict and economic decline have created a humanitarian crisis, prompting widespread need for international aid. Prior to the unrest, Damascus began liberalizing economic policies, including cutting lending interest rates, opening private banks, consolidating multiple exchange rates, raising prices on some subsidized items, and establishing the Damascus Stock Exchange. The economy remains highly regulated by the government. Long-run economic constraints include foreign trade barriers, declining oil production, high unemployment, rising budget deficits, increasing pressure on water supplies caused by heavy use in agriculture, rapid population growth, industrial expansion, and water pollution
|
Source
: CIA |
Company Name : BASHAR HEKMAR BAROUDI EST
Country of Origin : Syria
Legal Form : Sole Proprietorship
Registration Date : 16th January 1999
Commercial Registration Number : 65345, Aleppo
Invested Capital : SY Pnds 200,000
Total Workforce : 5
Activities : Distributors of general foodstuffs.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
BASHAR HEKMAR BAROUDI EST
Building :
Area : Al Masharqq
Area
Town : Aleppo
Country :
Telephone : (963-21)
2225954 / 2249592
Facsimile : (963-21)
2225954
Mobile : (963-94)
4516668 / 4605114
Email : basharba@yahoo.co.uk
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Aleppo.
Name Position
· Bashar Hekmar
Baroudi Proprietor
& General Manager
· Mahmoud Hekmar
Baroudi Assistant
General Manager
Date of
Establishment : 16th
January 1999
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 65345, Aleppo
Invested Capital : SY Pnds 200,000
Mr Bashar Hekmar Baroudi is the sole proprietor of the business.
Activities: Engaged in the import and distribution of general foodstuffs, including
rice, coffee, oil and sugar.
Import Countries: Europe and the Far East.
Subject has a workforce of 5 employees.
Companies registered in Syria are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
·
Commercial Bank of Syria
Kastel Hajjarin Street
Aleppo
Tel: (963-21) 4239601
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.59.33 |
|
|
1 |
Rs.99.68 |
|
Euro |
1 |
Rs.80.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.