MIRA
INFORM REPORT
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Report Date : |
23.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL ROYA AL HAMRA TRADING ESTABLISHMENT |
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Registered Office : |
Al Qatrafi Street, Al Hindawia
District, PO Box 3551, Jeddah 21481 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
01.09. 1997 |
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Com. Reg. No.: |
4030122055, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Distributor of General Merchandise. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL ROYA AL HAMRA TRADING ESTABLISHMENT
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 1st September 1997
Commercial Registration Number : 4030122055, Jeddah
Chamber Membership Number : 65311
Invested Capital : SR 50,000
Total Workforce : 2
Activities : Import and distribution of general merchandise.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
COMPANY NAME
AL ROYA AL HAMRA TRADING ESTABLISHMENT
ADDRESS
Registered & Physical Address
Street : Al Qatrafi Street
Area : Al Hindawia District
PO Box : 3551
Town : Jeddah 21481
Country : Saudi Arabia
Telephone : (966-2) 6271232
Facsimile : (966-2)
6407123 / 6436021
Mobile : (966-50)
6681973
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Jeddah.
KEY PRINCIPALS
Name Position
· Abdul
Bagi Mohamed Abdul Basit Bukhari Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 29/04/1418 Hijri (corresponding to 1st September
1997)
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4030122055, Jeddah
Chamber Member No. : 65311
Invested Capital : SR 50,000
Mr Abdul Bagi Mohamed Abdul Basit Bukhari
is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of general merchandise.
Subject has a workforce of 2 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
·
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 company is considered to be a fair trade risk and
the above credit figure is within subject’s financial means.
Please note that the information in this report is based upon official
registered documents for the subject. Attempts made to contact the subject to
verify this were unsuccessful and the contact numbers remained constantly
unanswered.
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%)