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Report No. : |
318833 |
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Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
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Name : |
BELEZA BUILDING SUPPLIES WLL |
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Registered Office : |
Office 77, Building 2000, Block 115, Road 1527, PO Box 54378, Hidd |
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Country : |
Bahrain |
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Date of Incorporation : |
27.02.2014 |
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Com. Reg. No.: |
88676-1 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Engaged in the import and distribution of building materials. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bahrain |
A2 |
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 2013, petroleum
production and refining accounted for 73% of Bahrain's export receipts, 88% of
government revenues, and 21% of GDP. Other major economic activities are
production of aluminum - Bahrain's second biggest export after oil - finance,
and construction. Bahrain 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 2012-14, 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.
Lower oil prices in 2015 will likely exacerbate Bahrain’s budget deficit.
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Source
: CIA |
Company Name :
BELEZA BUILDING SUPPLIES WLL
Country of Origin :
Bahrain
Legal Form :
With Limited Liability - WLL
Registration Date :
27th February 2014
Commercial Registration Number :
88676-1
Issued Capital :
BD 20,000
Paid up Capital :
BD 20,000
Total Workforce :
5
Activities :
Distributors of building materials.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
BELEZA BUILDING SUPPLIES WLL
Registered &
Physical Address
Building : Office 77,
Building 2000, Block 115
Street : Road 1527
PO Box : 54378
Town : Hidd
Country : Bahrain
Telephone : (973-17) 630257
Facsimile : (973-17)
910257
Mobile : (973-39)
741611
Email : suniht@gmail.com
/ info@belezabs.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Hidd.
Branch Office (s)
Location Description
1st Floor, Office 7 Office
premises
Tardeo Air Conditioned Market
Tardeo Road
Mumbai
India
Name Nationality Position
Sunil Harish Thaker Indian Chairman
Namrata Anil Whabi Indian Director
Hishang Kishore Sunderdas Kewalram Bahraini Director
Date of Establishment : 27th
February 2014
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 88676-1
Issued Capital : BD 20,000
Paid up Capital : BD 20,000
Name of
Shareholder (s) Percentage
Hishang Kishore Sunderdas Kewalram 51%
Sunil Harish Thaker 48%
Namrata Anil Whabi 1%
Activities: Engaged in the import and distribution of building materials.
Import Countries: Europe and the Far East
Subject has a workforce of 5 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
Bank of Bahrain & Kuwait
43 Government Avenue
PO Box: 597
Manama
Tel: (973-17) 253388
Fax: (973-17) 275785
Unknown
In view of subject’s infancy, extensive payment and financial are not
available, therefore dealings are recommended to be on secured terms, and a close
monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
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|
1 |
Rs.93.85 |
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Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
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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.