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Report No. : |
324499 |
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Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AL NABAA COMMERCIAL SERVICES (NCS COLLECTION) |
|
|
|
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Registered Office : |
123 Salahuddin Building, 2nd Floor, Office 202, Block 304, Road No.
402, PO Box 5463, Manama |
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|
|
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Country : |
Bahrain |
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|
|
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Date of Incorporation : |
04.01.1993 |
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|
|
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Com. Reg. No.: |
28615-1 |
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Engaged in the provision of debt collection and commission agency
services. |
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No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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) |
|
Bahrain |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company Name :
AL NABAA COMMERCIAL SERVICES (NCS COLLECTION)
Country of Origin :
Bahrain
Legal Form :
Sole Proprietorship
Registration Date :
4th January 1993
Commercial Registration Number :
28615-1
Chamber Membership Number :
3640
Invested Capital :
BD 10,000
Total Workforce :
40
Activities :
Providers of debt collection and commission agency services
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
AL NABAA COMMERCIAL SERVICES (NCS COLLECTION)
Registered &
Physical Address
Building : 123
Salahuddin Building, 2nd Floor, Office 202, Block 304
Street : Road No. 402
PO Box : 5463
Town : Manama
Country : Bahrain
Telephone : (973-17) 213730
Facsimile : (973-17)
253066
Mobile : (973-39)
656250
Email : efjawad@batelco.com.bh
/ info@ncscollection.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Manama.
Name Position
Ebrahim Faraj Ghuloom Jawad Proprietor
Adel Jawad Business
Development Manager
Ali Faraj Financial
Manager
Smitha Sateesh Collection
Manager
Date of Establishment : 4th
January 1993
Legal Form : Sole
Proprietorship
Commercial Reg. No. : 28615-1
Chamber Member No. : 3640
Invested Capital : BD 10,000
Mr Ebrahim Faraj Ghuloom Jawad is the sole proprietor of the business.
Activities: Engaged in the provision of debt collection and commission agency
services.
Subject has a workforce of 40 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.
Bahraini Saudi Bank BSC
Al Sadah Building
Government Avenue
PO Box: 1159
Manama
Tel: (973-17) 211010
Fax: (973-17) 210989
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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 |
|
|
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 |
|
|
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.