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Report No. : |
303474 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ARABIAN BEVERAGE CO KSCC (ABC) |
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Registered Office : |
Block No. 5, Street No. 103, Subhan Industrial Area, PO Box 3022,
Safat 13031 |
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Country : |
Kuwait |
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Date of Incorporation : |
02.08.1960 |
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Com. Reg. No.: |
6896 |
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Legal Form : |
Kuwaiti Shareholding Company Closed – KSCC |
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Line of Business : |
Engaged in the production of natural juices, milk and mineral water. |
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No of Employees : |
180 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Kuwait |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 :
ARABIAN BEVERAGE CO KSCC (ABC)
Country of Origin :
Kuwait
Legal Form :
Kuwaiti Shareholding Company Closed - KSCC
Registration Date :
2nd August 1960
Commercial Registration Number :
6896
Trade Licence Number :
703/2001
Chamber Membership Number :
1427
Issued Capital :
KD 10,000,000
Paid up Capital :
KD 10,000,000
Total Workforce :
180
Activities :
Producers of natural juices, milk and mineral water
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
ARABIAN BEVERAGE CO KSCC (ABC)
Registered & Physical
Address
Location : Block No. 5
Street : Street No.
103
Area : Subhan
Industrial Area
PO Box : 3022
Town : Safat 13031
Country : Kuwait
Telephone : (965) 1802066 /
1802965 / 24736902 / 24736716 / 24736472 / 24711396
Facsimile : (965) 24722793
Email : admin@abcjuice.com.kw
/ a.samir@abcjuice.com.kw
/ lp-rm@abcjuice.com.kw
Premises
Subject operates from a large suite of offices and a factory that are
owned and located in the Industrial Area of Safat.
Branch Offices
Location Description
Emad Commercial Center, 2nd Floor Office
premises
Ahmed Al Jaber Street
Safat
Tel: (965) 22479730
Fax: (965) 22479734
Name Position
Adnan Abdul Nabi Mohamed Al Mousa Chairman
Dr Mohamed Wael Al Mohana Assistant
General Manager
Ayman Samir Hassan Sayed Finance
Manager
Bader Al Ustaz Commercial
Manager
Sayed Mansour Sales
Manager
Majid Hamid Abdulrahman Purchasing
Manager
Date of Establishment : 2nd
August 1960
Legal Form : Kuwaiti
Shareholding Company Closed - KSCC
Commercial Reg. No. : 6896
Trade Licence No. : 703/2001
Chamber Member No. : 1427
Issued Capital : KD 10,000,000
Paid up Capital : KD 10,000,000
Name of Shareholder (s)
Bukhamseen Holding Co
Safat
Masadir Al Inma Co
Safat
Kuwait Barari Co
Safat
Kuwait Barakh Co
Safat
Nejoum Real Estate Co
Safat
Subject belongs to
the Bukhamseen Holding group of companies that consists of the following
concerns:
Kuwait International Company for Education
Kuwait Pearl Institute for Model Education
Bukhamseen International Group of Contractors
Osama Bukhamseen Design Engineering & Consultants
The Interiors Collaborative – Architectural and Interior Design
Arab Investment Company
CREDIT ONE Holding Company
Al Houda Hotels and Tourism Company
The Crowne Plaza Hotel
The Holiday Inn
Staybridge Suites
InterContinental Hotel & Tower
The Rotana Hotel
The Sofitel Maadi Towers Hotel
The Safir Sayedah Zeinab Hotel
The United Steel Industry Company
Profile Experts for Aluminium Industries Company
Warba Insurance Company
Ritaj Takaful Insurance Company
Middle East Insurance Brokerage Bureau
Kuwait National Cinema Company
Kuwait Cable Vision
Dar Annahar for Press, Publishing and Distribution
Al Barakah Media Group
Bariq Al-Dana Magazine
Al Arabiya Real Estate Company
The Commercial Real Estate Company
Tanmiya Realty Development Company
Al Nojoom Real Estate Company
Kuwait Barrari Trading Company
The Real Estate Development Company
Al Emad Real Estate Company
Al Barakah Kuwait General Trading & Contracting Company
Gulf International Real Estate Company
Misr Towers International Company
The Sayedah Zeinab Company for Tourism and Visit
Middle East Investment Company
The Kuwaiti-Lebanese Real Estate Rental Company
The National Arab Company for Restaurants Management
Rib Eye Steakhouse
Shabestan Iranian Restaurant
Al Ahmadi International Restaurant
Fauchon Boutique and Salon de Thé
Ayam Zaman Lebanese
Sakura Japanese
L’Aroma Café
Al Noukhaza Seafood
Tang Chao Chinese
Peppes Pizza
Ruby Tuesday
Bukhamseen General Trading Company
Azzad Trading Group
Gulf Energy Company
Eqarat.com
Strategic Technologies & Solutions Holding Group (STS)
Global Logistic Services and Warehousing Company
Kuwait International Automobile Club Company
Osama Real Estate Office
The First Date Palms & Agricultural Services Company
Arab Company for Logistic Services
Al Huda Medical Services Company
The Arab Showrooms and Trading Company
Bukhamseen Travels & Tourism
Al Madina Travels Company
Al Madina Cargo Company
National Aviation Centre
Activities: Engaged in the production of natural juices, milk and mineral water.
Subject has approximately 420 distribution trucks.
In June 2011 subject announced plans to double its water production
capacity to 240 million units per year and its distribution fleet to 800
trucks.
Export Countries: Yemen, Iraq, Jordan, Saudi, Bahrain and Qatar.
Brand Names: JUDA and ABC
Subject has a workforce of approximately 180 employees.
Companies registered in Kuwait are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
The Gulf Bank KSC
Mubarak Al Kabir Street
PO Box: 3200
Safat 13033
Tel: (965) 22449501
Fax: (965) 22445212
Al Ahli Bank of Kuwait KSC
Mubarak Al Kabir Street
PO Box: 1387
Safat 13033
Tel: (965) 22411101 / 22411102
No complaints regarding subject’s payments have been reported.
Please note that the correct name of the subject is “Arabian Beverage Co
KSCC (ABC)” and not “Arabian Beverage Co Ltd”.
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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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Report Prepared
by : |
ANK |
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 |
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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 |
|
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 |
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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 |
|
<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.