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Report No. : |
345212 |
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Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
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Name : |
GHULAM MURTADA AND SONS WLL |
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Registered Office : |
Shop No. 1391, Block No. 304, Road No. 430, Bab Al Bahrain Road, 965,
Manama 305 |
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Country : |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
17.08.1998 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Subject is engaged in the import and distribution of textiles and
tailoring services. |
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No. of Employees : |
55 |
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) |
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Bahrain |
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 |
Company Name : GHULAM MURTADA AND SONS WLL
Country of Origin : Bahrain
Legal Form : With Limited Liability - WLL
Registration Date : 17th August 1998
Commercial Registration Number : 167-1, Manama
Chamber Membership Number : 1275
Issued Capital : BD 500,000
Paid up Capital : BD 500,000
Total Workforce : 55
Activities : Distributors of textiles and tailoring services.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Murtada Mumtaz Mohamed Murtada, Director
GHULAM MURTADA AND SONS WLL
Building : Shop No. 1391, Block No.
304
Street : Road No.
430, Bab Al Bahrain Road
PO Box : 965
Town : Manama 305
Country : Bahrain
Telephone : (973-17) 255801
/ 244041
Facsimile : (973-17)
210441
Mobile : (973-39)
602296
Email : abukhalid@ghulammurtaza.com
Subject operates from a medium sized suite of offices and a showroom
that are rented and located in the Central Business Area of Manama.
Name Position
· Eajaz Ahmed
Mohamed Tufail Ghulam Murtada Karam Din Managing
Director
· Imtiyaz Ahmed
Mohamed Tufail Ghulam Murtada Karam Din Director
· Fayyaz Ahmed
Mohamed Tufail Ghulam Murtada Karam Din Director
· Murtada Mumtaz
Mohamed Murtada Director
Date of
Establishment : 17th
August 1998
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 167-1, Manama
Chamber Member No. : 1275
Issued Capital : BD 500,000
Paid up Capital : BD 500,000
· Eajaz Ahmed
Mohamed Tufail Ghulam Murtada Karam Din 29%
· Imtiyaz Ahmed
Mohamed Tufail Ghulam Murtada Karam Din 28%
· Fayyaz Ahmed
Mohamed Tufail Ghulam Murtada Karam Din 28%
· Murtada Mumtaz
Mohamed Murtada 15%
Activities: Engaged in the import and distribution of textiles and tailoring
services.
Import Countries: India, Thailand, France and the United Kingdom
International
Suppliers:
· BSL India
· Vijay Impex India
· Uniworth India
· Taitory Thailand
· TTL Thailand
· G H Clissold United
Kingdom
· Lamoge France
Operating Trend: Steady
Subject has a workforce of 55 employees.
Financial highlights provided by local sources are given below:
Currency: Bahraini Dinar (BD)
Year
Ending 31/12/13: Year
Ending 31/12/14:
Total Sales BD
1,550,000 BD
1,800,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Murtada Mumtaz Mohamed Murtada,
Director
·
HSBC Bank Middle East
93 Al Khalifa Avenue
PO Box: 57
Manama 304
Tel: (973-17) 224555 / 222158
Fax: (973-17)
226822
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.64.89 |
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UK Pound |
1 |
Rs.100.39 |
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Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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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.