MIRA
INFORM REPORT
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Report Date : |
17.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KHALID SALIM SALEH BABDER TRADING EST |
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Registered Office : |
Al
Ghazzal Building, King Abdulaziz Street, Al
Balad District, PO Box 1770
& 854, Jeddah 21441 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
08.08.2004 |
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Com. Reg. No.: |
4030150789, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
General Traders Specialising in Foodstuff 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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : KHALID SALIM SALEH BABDER TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 8th August 2004
Commercial Registration Number : 4030150789, Jeddah
Chamber Membership Number : 100566
Invested Capital : SR 50,000
Total Workforce : 8
Activities : General traders specialising in foodstuff products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
KHALID
SALIM SALEH BABDER TRADING EST
ADDRESS
Registered & Physical Address
Building : Al Ghazzal Building
Street : King
Abdulaziz Street
Area : Al
Balad District
PO Box : 1770 & 854
Town : Jeddah 21441
Country : Saudi Arabia
Telephone : (966-2) 642533
/ 6477582 / 6473125
Facsimile : (966-2) 6473125
Mobile : (966-50) 5661092
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
·
Khalid
Salim Saleh Babder Proprietor
& General Manager
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Abdullah
Salim Saleh Babder Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 22/06/1425 Hijri (corresponding to 8th August
2004)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030150789, Jeddah
Chamber Member No. : 100566
Invested Capital
: SR 50,000
Mr Khalid Salim Saleh Babder is the sole proprietor of
the business.
OPERATIONS
Activities: General traders specialising in foodstuff
products.
Import
Countries: Japan, China and
Europe
Operating Trend: Steady
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Saudi
Riyals (SR)
Year
Ending 31/12/06: Year Ending
31/12/07:
Total Sales SR 6,200,000 SR 7,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local 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
company 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%)