MIRA
INFORM REPORT
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Report Date : |
23.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
NABRAH
TRADING & MARKETING ESTABLISHMENT |
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Registered Office : |
Saudi
Business Center, 10th Floor, Suite No. 1008, Madinah Road, P O Box
2549, Jeddah 21461 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
4030096418, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged
in the wholesale and retail of hair dressing machinery and related accessories. |
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$
100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : NABRAH TRADING & MARKETING ESTABLISHMENT
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 1996
Commercial Registration Number : 4030096418, Jeddah
Invested Capital : SR 50,000
Total Workforce : 9
Line of Business : Wholesalers and retailers of hair dressing equipment and
related accessories.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
NABRAH
TRADING & MARKETING ESTABLISHMENT
ADDRESS
Registered & Physical Address
Building : Saudi Business Center, 10th
Floor, Suite No. 1008
Street : Madinah Road
PO Box : 2549
Town : Jeddah 21461
Country : Saudi Arabia
Telephone : (966-2) 6525990 / 6526410 / 6524732
Facsimile : (966-2) 6524742
Email : nabrah@try.ent.sa
Premises
Subject
operates from a small suite of offices that are rented and located in the
Central Business Area of Jeddah.
KEY PRINCIPALS
· Ibrahim Abdullah Madini Proprietor
& General Manager
· Ayman Ibrahim Abdullah Madini Assistant
General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1996
Legal Form : Sole Proprietorship
Commercial Reg. No. : 4030096418, Jeddah
Invested
Capital : SR 50,000
Mr
Ibrahim Abdullah Madini 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
wholesale and retail of hair dressing machinery and related accessories.
Import
Countries :
Europe and GCC countries.
Operating
Trend : Steady
Subject
has a workforce of 9 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Saudi Riyals (SR)
Year Ending
31/12/04: Year
Ending 31/12/05:
Total
Revenue SR 3,175,000 SR
3,500,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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National
Commercial Bank
Al Balad Branch
King Abdulaziz Street
PO Box : 5066
Jeddah 21422
Tel : (966-2) 6434777
Fax : (966-2) 6441686
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 1996, subject is involved in the wholesale and retail of hair dressing
machinery and related accessories.
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 business is considered to be a fair trade risk.
Maximum
suggested credit figure: US$ 100,000
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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