MIRA
INFORM REPORT
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Report Date : |
24.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ABDULAZIZ AL TUWAIJRI TRADING CO |
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Registered Office : |
Manfoha Area, P O Box :
4560, |
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Country : |
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Date of Incorporation : |
25/01/1428 Hijri (corresponding to 14th February 2007) |
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Com. Reg. No.: |
1010228384, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import and distribution of general foodstuff
products, medical equipment and agricultural products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name :
ABDULAZIZ AL TUWAIJRI TRADING CO
Country of Origin :
Legal Form :
Limited Liability Partnership
Registration Date :
14th February 2007
Commercial Registration Number :
1010228384,
Membership Number :
175812
Issued Capital :
SR 1,000,000
Paid up Capital :
SR 1,000,000
Total Workforce :
45
Line of Business :
Distributors of general foodstuff products, medical
equipment and
agricultural products.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
ABDULAZIZ AL TUWAIJRI TRADING CO
ADDRESS
Registered & Physical Address
Location : Manfoha Area
PO Box : 4560
Town :
Country :
Telephone : (966-1) 4584444
Facsimile : (966-1)
4582714
Email : info@altuwejri.com
Premises
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Central Business Area of Riyadh.
KEY PRINCIPALS
Abdulaziz Al Tuwaijri Managing
Partner
Khalid Abdulaziz Al Tuwaijri Partner
Mohamed Hatrash Commercial
Manager
LEGAL FORM &
OWNERS
Date of Establishment :
25/01/1428 Hijri (corresponding to 14th February 2007)
Legal Form :
Limited Liability Partnership
Commercial Reg. No. :
1010228384,
Membership No. : 175812
Issued Capital : SR
1,000,000
Paid up Capital : SR
1,000,000
Name of Partner (s)
Abdulaziz Al Tuwaijri
Khalid Abdulaziz Al Tuwaijri
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.
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of general
foodstuff products, medical equipment
and agricultural products.
Import Countries :
Europe and the
Subject has a workforce of 45 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information
is not currently available.
BANKERS
Saudi British Bank
PO Box : 9084
Tel : (966-1) 4050677
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations undertaken in Riyadh 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$ 50,000
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. |
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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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%)