MIRA
INFORM REPORT
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Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
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Name : |
NAJIDUYAH MARKETING CO LTD |
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Registered Office : |
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Country : |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
1123000975 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production and Processing of Dairy Products |
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$ 700,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : NAJIDUYAH MARKETING CO LTD
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1992
Commercial Registration Number : 1123000975
Chamber Membership Number : 75143
Issued Capital : SR 100,000,000
Paid up Capital : SR 100,000,000
Total Workforce : 400
Activities : Production and processing of dairy products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 700,000
COMPANY NAME
NAJIDUYAH MARKETING
CO LTD
ADDRESS
Registered & Physical Address
Street :
Area : Al
Malaz District
PO Box : 28519
Town :
Country :
Telephone : (966-1) 4788760 / 4768993
Facsimile : (966-1) 4790591
Email : info@najdiyah.com
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Riyadh.
Branch Office
(s)
Location Description
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Al Qassim Owned
factory premises
Tel: (966-6) 4232894
Fax: (966-6) 4232592
KEY PRINCIPALS
Name Position
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Ibrahim Abdullah Al Hobaib Managing
Partner
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Abdullah Al Hobaib Partner
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Moosa Okasha General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 1123000975
Chamber Member No. : 75143
Issued Capital : SR 100,000,000
Paid up Capital : SR 100,000,000
Name of Partner (s)
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Ibrahim Abdullah Al Hobaib
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Abdullah Al Hobaib
OPERATIONS
Activities: Engaged in the production and processing of
dairy products.
Import
Countries: Asia and
Subject has a
workforce of approximately 400 employees.
FINANCIAL DATA
Companies
registered in
BANKERS
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National
Commercial Bank
Malaz Branch
PO Box : 42536
Tel : (966-1) 4776450
Fax : (966-1) 4769502
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.49 |
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1 |
Rs.71.89 |
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Euro |
1 |
Rs.67.86 |
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%)