MIRA
INFORM REPORT
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Report Date : |
3rd
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
AL KHOLIFI TRADING EST |
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Registered Office : |
King Abdulaziz Street 123, Albukiryah 51941 Saudi Arabia |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
1134000752 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of general foodstuff
products. |
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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Maximum Credit Limit : |
US$ 20,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
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Company Name |
AL KHOLIFI TRADING EST |
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Country of Origin |
Saudi Arabia |
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Legal Form |
Sole Proprietorship |
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Registration Date |
2006 |
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Commercial Registration Number |
1134000752 |
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Membership Number |
51941 |
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Invested Capital |
SR50,000 |
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Total Workforce |
20 |
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Line of Business |
Distributors of general foodstuff products. |
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Financial Condition |
Undetermined |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
AL KHOLIFI TRADING EST
ADDRESS
Registered & Physical Address
Location : King Abdulaziz Street
PO Box : 123
Town : Albukiryah 51941
Country : Saudi Arabia
Telephone : (966-6) 3360095
Facsimile : (966-6) 3358856
Mobile : (966-50) 8120278
Email : sanam1242@hotmail.com
Premises
Subject operates from a small suite of offices and a showroom that are rented and located in the Central Business Area of Albukiryah.
Branch Office (s)
Location Description
Buraidah Showroom premises
Anizah Showroom premises
KEY PRINCIPALS
Ahmed Abdullah Al Kholifi Proprietor & General Manager
LEGAL FORM & OWNERS
Date of Establishment : 01/12/1426 Hijri (corresponding to 2006)
Legal Form : Sole Proprietorship
Commercial Reg. No. : 1134000752
Membership No. : 51941
Invested Capital : SR 50,000
Mr Ahmed Abdullah Al Kholifi is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines a Sole Proprietorship as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of general foodstuff products,
specialising in meat products.
Import Countries : Europe and the Far East.
Subject has a workforce of 20 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information is not currently available.
BANKERS
National Commercial Bank
Airport Road
PO Box : 2800
Riyadh 11461
Tel : (966-1) 4772281
Fax : (966-1) 4730322
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations undertaken in Albukiryah did not reveal any sign of payment defaults or delays during initial trading stages, and subject is believed to meet its payment obligations in a timely manner, nevertheless, and in view of the company’s infancy and the lack of a more consistent payment and financial record, a measure of caution is advisable and a close monitoring of subject’s business development is recommended.
Maximum suggested credit figure: US$ 20,000
COMPANY NAME
AL
KHALOFI TRADING EST
ADDRESS
Registered
& Physical Address
Street : King Abdulaziz Street
Area : Al Gassim
PO Box : 123
Town : Al Bukiryah 51941
Country : Saudi Arabia
Telephone : (966-3) 360095
Facsimile : (966-3) 358856
GENERAL COMMENTS
Upon
investigation local sources were unable to locate a company called “Al Khalofi
Trading Est” in Al Bukiryah. They also consulted local business directories and
journals, as well as the local telephone operator however there was no mention
of the subject of your enquiry.
Enquiries
made with the Eastern Provinces Chamber of Commerce also proved unsuccessful as
they had no listing under the name of “Al Khalofi Trading Est”. The contact
numbers provided are incorrect as they only six digits long when they should be
seven.
Should you be able to provide us with any further information on the subject of your enquiry we shall re-investigate and endeavour to send you a full report as soon as possible
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |