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Report No. : |
318586 |
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Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ALRABEE FOR CARTON PRINTING AND PACKAGING |
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Registered Office : |
Khartoum Industrial Area, Bahry, Khartoum |
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Country : |
Sudan |
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Year of Establishment : |
2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in the import and distribution of printing and
packaging materials. Subject also provides printing and packaging services |
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No. of Employee : |
18 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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) |
|
Sudan |
C2 |
C2 |
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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 |
SUDAN - ECONOMIC OVERVIEW
Sudan is an extremely poor country that has experienced protracted social conflict, civil war, and, in July 2011, the loss of three-quarters of its oil production due to the secession of South Sudan. The oil sector had driven much of Sudan's GDP growth since 1999. For nearly a decade, the economy boomed on the back of rising oil production, high oil prices, and significant inflows of foreign direct investment. Since the economic shock of South Sudan's secession, Sudan has struggled to stabilize its economy and make up for the loss of foreign exchange earnings. The interruption of oil production in South Sudan in 2012 for over a year and the consequent loss of oil transit fees further exacerbated the fragile state of Sudan’s economy. Sudan is also subject to comprehensive US sanctions. Sudan is attempting to develop non-oil sources of revenues, such as gold mining, while carrying out an austerity program to reduce expenditures. The world’s largest exporter of gum Arabic, Sudan produces 75-80% of the world’s total output. Agriculture continues to employ 80% of the work force. Sudan introduced a new currency, still called the Sudanese pound, following South Sudan's secession, but the value of the currency has fallen since its introduction. Khartoum formally devalued the currency in June 2012, when it passed austerity measures that included gradually repealing fuel subsidies. Sudan also faces rising inflation, which reached 47% on an annual basis in November 2012, but subsided to 37% in 2014. Ongoing conflicts in Southern Kordofan, Darfur, and the Blue Nile states, lack of basic infrastructure in large areas, and reliance by much of the population on subsistence agriculture keep close to half of the population at or below the poverty line.
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Source
: CIA |
Company Name :
ALRABEE FOR CARTON PRINTING AND PACKAGING
Country of Origin :
Sudan
Legal Form :
Limited Liability Company
Registration Date :
2006
Issued Capital :
SD 3,000,000
Paid up Capital :
SD 3,000,000
Total Workforce :
18
Activities :
Distributors of printing and packaging materials
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
ALRABEE FOR CARTON
PRINTING AND PACKAGING
Location : Khartoum
Industrial Area, Bahry
Town : Khartoum
Country : Sudan
Facsimile : (249-185)
2178010
Mobile : (249-912)
143693 / (249-911) 100217
Email : alrabee2012@yahoo.com
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Khartoum.
Name Position
· Waleed Khalid Managing
Director
· Osama Khalid Director
Date of
Establishment : 2006
Legal Form : Limited Liability
Company
Issued Capital : SD 3,000,000
Paid up Capital : SD 3,000,000
· Waleed Khalid
· Osama Khalid
Activities: Engaged in the import and distribution of printing and packaging
materials. Subject also provides printing and packaging services.
Import Countries: India, Sweden and Saudi Arabia.
International Suppliers:
· Cosmo Films India
· Gulf Packaging Saudi Arabia
· Al Rouwad
Packaging Saudi Arabia
· Qurtab Sweden
Subject has a workforce of 18 employees.
Companies registered in Sudan are not legally required to make their
accounts public and no financial information was released by the company or submitted
by outside sources.
·
Al Shamal Islamic Bank
Sayed Abdul Rahman
Avenue
Khartoum
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.63.19 |
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|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.56 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
-- |
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.