MIRA
INFORM REPORT
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Report Date : |
25.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABDULLAH MOHAMED AL JUFRY TRADING EST |
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Registered Office : |
Al
Hilal Al Khasib Street, Al Kandara District, PO Box 104676 & 53463, Jeddah
21331 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
2000 |
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Com. Reg. No.: |
4030174836, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesaler and Retailer of Textiles, Sandalwood, Jute
Webbing and Furniture. |
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$ 100,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ABDULLAH MOHAMED AL JUFRY TRADING EST
Also Known As : AMJ TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Start Date : 2000
Registration Date : 30th December 2007
Commercial Registration Number : 4030174836, Jeddah
Chamber Membership Number : 124851
Invested Capital : SR 50,000
Total Workforce : 5
Activities : Wholesale and retail of textiles, sandalwood, jute webbing and furniture.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
ABDULLAH MOHAMED AL
JUFRY TRADING EST
ALSO KNOWN AS
AMJ TRADING EST
ADDRESS
Registered & Physical Address
Street : Al
Hilal Al Khasib Street
Area : Al
Kandara District
PO Box : 104676 & 53463
Town : Jeddah 21331
Country : Saudi Arabia
Telephone : (966-2) 6300434
Facsimile : (966-2) 6310937
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Jeddah.
KEY PRINCIPALS
Name Position
·
Abdullah
Mohamed Al Jufry Proprietor
& General Manager
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Pathan Raoof
Khan Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 2000, however it was registered on 21/12/1428 Hijri
(corresponding to 30th
December 2007).
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030174836, Jeddah
Chamber Member No. : 124851
Invested Capital
: SR 50,000
Mr Abdullah Mohamed Al Jufry is the sole proprietor of
the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
textiles, sandalwood, jute webbing and furniture.
Import
Countries: China and Europe
Subject has a
workforce of 5 employees.
FINANCIAL DATA
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
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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
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.
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%)