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Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
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Name : |
C & D BUSINESS CONSULTANT WLL |
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Registered Office : |
Flat No. 2112, Building 2504, Block 428 Road 2831 Diplomatic Area |
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Country : |
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Date of Incorporation : |
12.05.2004 |
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Com. Reg. No.: |
53548-1 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject is engaged in the provision of business consultancy services |
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No. of Employees |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Registration Number Expired |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Bahrain |
B1 |
A2 |
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Risk Category |
ECGC
Classification |
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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 |
BAHRAIN ECONOMIC OVERVIEW
Bahrain has made great
efforts to diversify its economy; 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. In 2012, petroleum production and refining accounted for 77% of Bahrain's
export receipts, 87% of government revenues, and 19% 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 Bahrain experienced economic setbacks as a result of
domestic unrest, however, the economy recovered in 2012-13, partly as a result
of improved tourism. Some 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 long-term economic
challenges - youth unemployment and the growth of government debt - more
difficult to address
|
Source
: CIA |
Company Name : C & D BUSINESS CONSULTANT WLL
Country of Origin : Bahrain
Legal Form : With Limited Liability - WLL
Registration Date : 12th May 2004
Commercial Registration Number : 53548-1
Issued Capital : BD 20,000
Paid up Capital : BD 20,000
Total Workforce : 3
Activities : Providers of business consultancy services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
C & D BUSINESS CONSULTANT WLL
Building : Flat No.
2112, Building 2504, Block 428
Street : Road 2831
Area : Diplomatic
Area
PO Box : 11472
Town : Manama
Country : Bahrain
Telephone : (973-17) 700829
Facsimile : (973-17)
700826
Mobile : (973-39)
616590 / 542195 / (973-13) 699342 / 659342
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Manama.
Name Nationality Position
· Michael Peter
Delaney British Managing Director
· Jeremy Michael
Clegg British Director
Date of
Establishment : 12th
May 2004
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 53548-1 (Expired 12/05/2010)
Issued Capital : BD 20,000
Paid up Capital : BD 20,000
· Michael Peter
Delaney 50%
· Jeremy Michael
Clegg 50%
Activities: Engaged in the provision of business consultancy services.
Subject has a workforce of 3 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.
No complaints regarding subject’s payments have been reported.
Please note that subject’s commercial registration number expired on 12th
May 2010 and has not been renewed. We were unable to contact the subject
directly during our investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.60.84 |
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|
1 |
Rs.98.72 |
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Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.