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Report No. : |
339118 |
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Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARABIAN BEVERAGE CO KSCC (ABC) |
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|
|
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Registered Office : |
Block No. 5,
Street No. 103, Subhan Industrial Area, PO Box No.: 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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|
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Line of Business : |
Subject is
engaged in the production of natural juices, milk and mineral water. |
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No. of Employees : |
180 |
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 |
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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) |
|
Kuwait |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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. Kuwaiti officials plan to increase oil production to 4 million barrels per day by 2020. Petroleum accounts for over half of GDP, 94% of export revenues, and 89% of government income. For the last decade, high oil prices have generated budget surpluses despite increasing budget expenditures, particularly on wage hikes for public sector employees. Despite Kuwait’s dependence on oil, the government has cushioned itself against the impact of lower oil prices by continuous saving of at least 10% of government revenue in the Fund for Future Generations. Kuwait has done little to diversify its economy, in part, due to a poor business climate and an acrimonious relationship between the National Assembly and the executive branch that has stymied most economic reforms. In 2010, Kuwait passed its first long-term economic development plan in almost twenty-five years. While the government planned to spend up $104 billion over four years to diversify the economy away from oil, attract more investment, and boost private sector participation in the economy, many of the projects did not materialize because of the tenuous political situation.
|
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
Person Interviewed : Majid Hamid
Abdulrahman, Supply Chain Manager
ARABIAN BEVERAGE CO KSCC (ABC)
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
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 Supply
Chain Manager
·
Walid
Al Hussain Assistant
Finance 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
·
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.
International Suppliers:
·
Dohler Group Germany
·
Symrise GmbH Germany
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.
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.66.26 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.