MIRA
INFORM REPORT
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Report Date : |
05.11.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
DURT OKAZ TRADING EST |
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Registered Office : |
Main
Street, PO Box 673, Hafer Al Batin |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
03.08. 2002 |
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Com. Reg. No.: |
2511004951, Hafer Al Batin |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject is
Registered to Trade with the General Trade Licence. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : DURT OKAZ TRADING EST
Also Known As : MUSSA DURT OKAZ TRADING
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 3rd August 2002
Commercial Registration Number : 2511004951, Hafer Al Batin
Chamber Membership Number : 57791
Invested Capital : SR 50,000
Total Workforce : 3
Activities : Subject operates with a general trade licence
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
DURT
OKAZ TRADING EST
ALSO KNOWN AS: MUSSA DURT OKAZ TRADING
ADDRESS
Registered & Physical Address
Location : Main
Street
PO Box : 673
Town : Hafer Al Batin
Country : Saudi Arabia
Telephone : (966-3) 7223529
Facsimile : (966-3) 7218300
KEY PRINCIPALS
Name Position
·
Fahd
Habab Al Shamary Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 24/05/1423 Hijri (corresponding to 3rd August
2002)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 2511004951,
Hafer Al Batin
Chamber Member No. : 57791
Invested Capital
: SR 50,000
Mr Fahd Habab Al Shamary is the sole proprietor of the
business.
OPERATIONS
Activities: Subject is registered to trade with the
general trade licence.
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Companies registered
in Saudi Arabia are not legally required to make their accounts public and no
financial information was released by the company or submitted by outside
sources.
BANKERS
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N/A
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Durt
Okaz Trading Est was
established in 2002 and is a Sole Proprietorship owned by Mr Fahd Habab Al Shamary.
Local sources
report that they were unable to make direct contact with the subject as both the
telephone and facsimile numbers provided by you and listed with the local
authorities are incorrect.
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, however in view of the above
comments a measure of caution would be prudent.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.18 |
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UK Pound |
1 |
Rs.75.05 |
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Euro |
1 |
Rs.60.89 |
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%)