MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABDULRAHMAN TRADING EST |
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Registered Office : |
Ameer Salman Road, Old Industrial Area, PO Box 2122, Riyadh 11942 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1983 |
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Com. Reg. No.: |
1010183952, Riyadh |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import, Distribution and Retail of Auto Spare Parts and related accessories |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ABDULRAHMAN TRADING EST
Also Known As : WAJA AL SAHARA TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 1983
Commercial Registration Number : 1010183952, Riyadh
Chamber Membership Number : 130675
Invested Capital : SR 50,000
Total Workforce : 15
Activities : Import, distribution and retail of auto spare parts and related accessories
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ABDULRAHMAN TRADING EST
ALSO KNOWN AS
WAJA AL SAHARA TRADING EST
ADDRESS
Registered & Physical Address
Street : Ameer Salman
Road
Area : Old
Industrial Area
PO Box : 2122
Town : Riyadh 11942
Country : Saudi Arabia
Telephone : (966-1) 4473502
Facsimile : (966-1) 4484506
Premises
Subject operates from a small suite of offices, a warehouse and a showroom
that are rented and located in the Industrial Area of Riyadh.
Branch Office (s)
Location Description
· Al Kharj
Industrial Area Rented
showroom premises
Riyadh
KEY PRINCIPALS
Name Position
· Abdulrahman
Al Fawaz Proprietor
& General Manager
· Shareef
Mohamed Shareef Assistant
General Manager
· Othman
Hassan Al Magboul Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1983
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 1010183952, Riyadh
Chamber Member No. : 130675
Invested Capital : SR 50,000
Mr Abdulrahman Al Fawaz is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import, distribution and retail of auto spare parts and related accessories, specialising in
American cars.
Import Countries: United States of America, China and India.
Brand Names: GMC, FORD, CADILLAC,
& CHRYSLERS
Operating Trend: Steady
Subject has a workforce of 15 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:
Sales SR
12,350,000 SR
13,100,000
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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Bank Al Bilad
Sitteen Street
Al Malaz
PO Box 140
Riyadh 11411
Tel: (966-1)
4798888
Fax: (966-1)
4798898
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 business is considered to be a fair trade risk.
Please note the subject is registered under the name “Abdulrahman Trading Est” and is also known as “Waja Al
Sahara Trading Est” and not “Waja Al Saiiras Trading Est” as requested.
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%)