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MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SAUDI ALLIED METAL INDUSTRIAL (A-METAL) |
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Registered Office : |
4
Street No. 408, Industrial Estate, Phase Four, P O Box 3711 & 12480,
Jeddah 21481 |
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Country : |
Saudi
Arabia |
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Date of Incorporation : |
June 2000 |
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Com. Reg. No.: |
4030135604 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers
of ceiling systems and tiles, drywall partitions, studs, trucks and ceiling
profiles, fixing systems for cladding, fasteners, steel construction
accessories, etc. |
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$
250,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : SAUDI ALLIED METAL INDUSTRIAL (A-METAL)
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : June 2000
Commercial Registration Number : 4030135604, Jeddah
Membership Number : 81377
Issued Capital : SR 5,000,000
Paid up Capital : SR 5,000,000
Total Workforce : 150
Line of Business : Manufacturers of ceiling systems and tiles, drywall partitions,
studs, trucks and ceiling profiles, fixing systems for cladding,
fasteners, steel construction accessories and a complete range
of black steel, galvanised and stainless steel bolts.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
SAUDI ALLIED METAL INDUSTRIAL (A-METAL)
ADDRESS
Registered & Physical Address
Street : 4 Street No. 408
Area : Industrial Estate, Phase Four
PO Box : 3711 & 12480
Town : Jeddah 21481
Country : Saudi Arabia
Telephone : (966-2) 2311143 / 2311120 / 6876762
Facsimile : (966-2) 2311146 / 6874647
Premises
Subject
operates from a large suite of offices and a factory that are owned and located
in the Industrial Area of Jeddah.
KEY PRINCIPALS
· Mazen Shabagalow General
Manager
· Fadel Al Karim Finance
Manager
· Ferras Khaloubi Marketing
Manager
· Amer Bander Production
Manager
LEGAL FORM &
OWNERS
Date of Establishment : June 2000
Legal Form : Limited Liability Partnership
Commercial Reg. No. : 4030135604, Jeddah
Membership No. : 81377
Issued
Capital : SR 5,000,000
Paid
up Capital : SR 5,000,000
Name of Partner (s)
· Attieh Group
· Saudi Binladin Group
Notes to the legal Form
A Limited Liability Partnership is a private entity formed by two or more partners who are liable for company debts to the extent of their contributed capital. A maximum of 50 partners are allowed in such a company. The total share capital must be SR 500,000 or more, divided into non-negotiable shares of equal value. The company may not include in its objects the conduct of banking, insurance or savings.
AFFILIATED COMPANIES
· Arabian Roots Co
Jeddah
LINE OF BUSINESS
Operations
: Engaged in the
manufacture of ceiling systems and tiles, drywall partitions, studs, trucks and
ceiling profiles, fixing systems for cladding, fasteners, steel construction
accessories and a complete range of black steel, galvanised and stainless steel
bolts.
Import
Countries :
Europe and GCC countries.
Subject
has a workforce of 150 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in Saudi Arabia are not legally required to make their accounts
public and no financial information was released by the company or submitted by
outside sources.
BANKERS
·
National
Commercial Bank
King Abdul Aziz Street
PO Box : 3555
Jeddah 21481
Tel : (966-2) 6446644
Fax : (966-2) 6446644
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 2000, subject is involved in the manufacture of ceiling systems and tiles,
drywall partitions, studs, trucks and ceiling profiles, fixing systems for
cladding, fasteners, steel construction accessories and a complete range of
black steel, galvanised and stainless steel bolts.
Local
sources report that the subject’s operating history is clear with payment
obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
Maximum
suggested credit figure: US$ 250,000
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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