MIRA
INFORM REPORT
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Report Date : |
10.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
AMJ TRADING ESTABLISHMENT |
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Registered Office : |
Al Kandar Street, PO Box 104676, Jeddah 21331 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
21.12.2007 |
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Com. Reg. No.: |
4030174836,
Jeddah |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Import and Distribution of Petroleum and Lubricant Products |
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 20,000 |
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Status : |
New Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
SUMMARY
Company Name : AMJ TRADING
ESTABLISHMENT
Also
Known As :
ABDULLAH MOHAMED AL JEFERI EST
Country of Origin : Saudi
Arabia
Legal Form :
Sole Proprietorship
Registration Date : 21st
December 2007
Commercial
Registration Number : 4030174836, Jeddah
Membership Number : 124851
Invested Capital : SR 50,000
Total Workforce : 5
Line of Business : Import and
distribution of petroleum and lubricant products
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
AMJ TRADING ESTABLISHMENT
ALSO KNOWN AS
ABDULLAH MOHAMED AL JEFERI EST
ADDRESS
Registered & Physical Address
Location : Al Kandar
Street
PO Box : 104676
Town : Jeddah 21331
Country : Saudi Arabia
Telephone : (966-2) 6300434
Facsimile : (966-2)
6310937
Email : amjtradingest@gmail.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Suburban Business Area of Jeddah.
KEY PRINCIPALS
· Abdullah Mohamed
Al Jeferi Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 21/12/1428 Hijri (Corresponding to 21st
December 2007)
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4030174836,
Jeddah
Membership No. : 124851
Invested Capital : SR 50,000
Mr Abdullah Mohamed Al Jeferi is the sole proprietor of the business.
Note to the Legal
Form
Commonly referred to as an establishment, the Company Law defines a Sole Proprietorship 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 in import and distribution of petroleum and lubricant products,
mainly
dealing in petromin oil grade 80/100.
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 20,000
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%)