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Report No. : |
303003 |
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Report Date : |
15.01.2015 |
IDENTIFICATION DETAILS
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Name : |
AL KOUT INDUSTRIAL PROJECTS CO KSCC |
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Registered Office : |
Al Abrar Tower, 2nd Floor, Fahad Al Salem Street, PO Box 10277,
Shuaiba 65453 |
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Country : |
Kuwait |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
28.12.1993 |
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Com. Reg. No.: |
57560 |
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Legal Form : |
Kuwaiti Shareholding Closed Company – KSCC |
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Line of Business : |
Engaged in the manufacture of salt and chlorine products, such as
caustic soda, hydrochloric acid, and sodium hypo chlorite. |
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No. of Employee : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Kuwait |
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 |
KUWAIT - ECONOMIC OVERVIEW
Kuwait has a geographically
small, but wealthy, relatively open economy with crude oil reserves of about
102 billion barrels - more than 6% of world reserves. Petroleum accounts for
nearly half of GDP, 95% of export revenues, and 95% of government income.
Kuwaiti officials have committed to increasing oil production to 4 million
barrels per day by 2020. Budget surpluses have stayed around 30% of GDP, which
has led to higher budget expenditures, particularly wage hikes for many public
sector employees, as well as increased allotments to Kuwait’s Future
Generations Fund. Kuwait has done little to diversify its economy, in part,
because of this positive fiscal situation, and, in part, due to the poor
business climate and the historically acrimonious relationship between the
National Assembly and the executive branch, which has stymied most movement on
economic reforms. In 2010, Kuwait passed an economic development plan that
pledges to spend up to $130 billion over five years to diversify the economy
away from oil, attract more investment, and boost private sector participation
in the economy, though much of these funds have yet to be allocated.
|
Source
: CIA |
Company Name :
AL KOUT INDUSTRIAL PROJECTS CO KSCC
Country of Origin :
Kuwait
Legal Form :
Kuwaiti Shareholding Closed Company - KSCC
Registration Date :
28th December 1993
Commercial Registration Number :
57560, Safat
Trade Licence Number :
94/414
Chamber Membership Number :
64370
Issued Capital :
KD 88,200,000
Paid up Capital :
KD 88,200,000
Total Workforce :
200
Activities :
Manufacturers of salt and chlorine products.
Financial Condition :
Good
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
AL KOUT INDUSTRIAL PROJECTS CO KSCC
Registered &
Physical Address
Building :
Al Abrar Tower, 2nd Floor
Street : Fahad Al
Salem Street
PO Box :
10277
Town : Shuaiba 65453
Country : Kuwait
Telephone : (965) 23263795
/ 23263796 / 23263797 / 23263798
Facsimile : (965) 23260707
Email : mktg@alkoutprojects.com
/ aipc@ahliaprojects.com
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Shuaiba.
Branch Office (s)
Location Description
Shuaiba Industrial Area Production
plant
PO Box: 10277
Shuaiba 65453
Tel: (965) 3263795/8 / 3261500 / 3263675
Fax: (965) 3260857 / 3261404 / 3263920
Name Position
Fahad Yagoub Al Joaan Chairman
Bader Musaed Abdulla Al Sayer Vice
Chairman
Ham