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Report No. : |
334352 |
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Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ZAMIL INFRA SPC |
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Registered Office : |
Government
Avenue, P O Box: 285, |
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Country : |
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Date of Incorporation : |
28.10.2009 |
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Com. Reg. No.: |
73173-1 |
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Legal Form : |
Single Person Company – SPC |
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Line of Business : |
Subject is
engaged in the repair and maintenance of telecommunication systems. |
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No. of Employees : |
60 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bahrain |
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 |
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. Lower oil prices in 2015 will likely exacerbate Bahrain’s budget
deficit.
|
Source
: CIA |
Company Name : ZAMIL INFRA SPC
Country of Origin :
Legal Form :
Single Person Company – SPC
Registration Date : 28th
October 2009
Commercial
Registration Number : 73173-1
Chamber Membership
Number : 22369
Issued Capital : BD
50,000
Paid up Capital : BD
50,000
Total Workforce : 60
Activities :
Repair and maintenance of telecommunication systems
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
ZAMIL INFRA SPC
Location : Government Avenue
PO Box : 285
Town : Manama
Country : Bahrain
Telephone : (973-17) 500000
Facsimile : (973-17) 500006
Email : zgroup@zamilgroup.com.bh
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Manama.
Name Nationality Position
·
Ahmed
Rashed Ahmed Busaiba Bahraini Managing
Director
·
Abdulla
Mohamed Abdulla Al Zamel Bahraini Director
·
Ramesh
Awtaney Indian Director
·
Vivek
Gupta Indian Director
Date of Establishment : 28th
October 2009
Legal Form :
Single Person Company – SPC
Commercial Reg. No. : 73173-1
Chamber Member No. : 22369
Issued Capital : BD 50,000
Paid up Capital : BD 50,000
·
Zamil
Infra Private Ltd 100%
India
Activities: Engaged in the repair and maintenance of
telecommunication systems.
Subject has a
workforce of 60 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.
·
Gulf
International Bank BSC
Al Dowali Building
3 Palace Avenue
PO Box: 1017
Manama
Tel: (973-17) 534000 / 534300
/ 530030
Fax: (973-17) 522633 / 522530
/ 522629
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.64.07 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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 |
|
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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.