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Report No. : |
348631 |
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Report Date : |
16..11.2015 |
IDENTIFICATION DETAILS
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Name : |
AFRICAN & EASTERN (BAHRAIN) WLL |
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Registered Office : |
Building No. 165, Road No. 4304, Block No. 343 Mina Salman Industrial Area, 49, Manama |
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Country : |
Bahrain |
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Date of Incorporation : |
15.03.1978 |
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Legal Form : |
With
Limited Liability - WLL |
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Line of Business : |
Subject is engaged in the import and distribution of
beverages and alcoholic drinks. |
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No. of Employees : |
25 |
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 |
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Risk Category |
ECGC
Classification |
|
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 |
Company Name :
AFRICAN & EASTERN (BAHRAIN) WLL
Country of Origin : Bahrain
Legal Form : With Limited Liability - WLL
Registration Date : 15th March 1978
Commercial Registration Number : 8454-1, Manama
Issued Capital : BD 100,050
Paid up Capital : BD 100,050
Total Workforce : 25
Activities : Distributors of beverages and alcoholic drinks.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
AFRICAN & EASTERN (BAHRAIN) WLL
Building :
Building No. 165
Street :
Road No. 4304
Area :
Block No. 343 Mina Salman Industrial Area
PO Box : 49
Town :
Manama
Country : Bahrain
Telephone :
(973-17) 813055 / 718092
Facsimile :
(973-17) 813060
Mobile :
(973-39) 466408
Email : info@africanandeastern.com
/ ravindran@africanandeastern.com
/ aande@batelco.com.bh
Please note that subject’s previous address was, Awali Road,
Zinj Area, Manama.
Subject operates from a medium sized suite of offices that
are rented and located in the Central Business Area of Manama.
Name Nationality Position
· Qassim
Mohamed Yousef Fakhroo Bahraini Managing Director
· Abdulrahman
Ali Abdullah Marshad Bahraini Director
· Ebrahim
Eshaq A Rahman Bahraini Director
· Peter
David O'Brien British Director
· Ravindran
Manghul - Financial
Controller
Date
of Establishment : 15th
March 1978
Legal
Form : With
Limited Liability - WLL
Commercial
Reg. No. :
8454-1, Manama
Chamber
Member No. : 2379
Issued Capital : BD
100,050
Paid up Capital :
BD 100,050
· Investment
& Trading Gulf Enterprises 33.4%
Manama
Bahrain
· Bahrain
Tourism Company 33.3%
Manama
Bahrain
· National
Hotels Company BSC 33.3%
Manama
Bahrain
Activities: Engaged in the import and distribution
of beverages and alcoholic drinks.
Import Countries: United Kingdom and France
Subject has a workforce of 25 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.
·
Al Ahli Commercial Bank
Government
Avenue
PO
Box: 5941
Manama
Tel:
(973-17) 244333
Fax:
(973-17) 241301
·
HSBC Bank Middle East
93 Al Khalifa Avenue
PO Box: 57
Manama 304
Tel: (973-17) 224555 / 222158
Fax: (973-17) 226822
Email: bbmemnm@batelco.com.bh
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.66.14 |
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UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
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 |
-- |
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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.