MIRA
INFORM REPORT
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Report Date : |
18.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
EST BRANCH AL TARADI TRADING WORKS |
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Registered Office : |
Al Meerh Balhareth Office 147, Al Barad Al Zahab Street, PO Box 22231, Jeddah 21495 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
2007 |
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Com. Reg. No.: |
4030172652,
Jeddah |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
General Traders and Distributors of Foodstuff |
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$ 35,000 |
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Status : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : EST BRANCH AL TARADI TRADING WORKS
Country of Origin : Saudi
Arabia
Legal Form :
Sole Proprietorship
Registration Date : 2007
Commercial
Registration Number : 4030172652, Jeddah
Invested Capital : SR 30,000
Total Workforce : 5
Line of Business : General traders and distributors of foodstuff
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
EST BRANCH AL TARADI TRADING WORKS
ADDRESS
Registered & Physical Address
Building : Al Meerh Balhareth Office 147
Street : Al Barad Al Zahab Street
PO Box : 22231
Town : Jeddah 21495
Country : Saudi Arabia
Telephone : (966-2) 6428337
Facsimile : (966-2) 6042729
Mobile :
(966-55) 5368341
Premises
Subject operates from a small suite of offices that are rented and
located in the Suburban Business Area of Jeddah.
KEY PRINCIPALS
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Omar Bin Ahmed Bin Awad Al Zahrani Proprietor & General
Manager
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Mohamed Ahmed Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 2007
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4030172652,
Jeddah
Invested Capital : SR 30,000
Mr Omar Bin Ahmed Bin Awad Al Zahrani
is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines
Mouassasa Khassa 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 as general traders and distributors
of foodstuff, including olive oil, rice, and sugar.
Import Countries: Asia and the Far East.
Subject has a workforce of 5 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information
is not currently available.
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
In view of subject’s infancy, extensive payment and financial are not available,
therefore dealings are recommended to be on secured terms, and a close
monitoring of subject’s business development is advisable.
Maximum suggested credit figure: US$ 35,000
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%)