MIRA INFORM
REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AHMED DAWOOD ALWANI CO |
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Registered Office : |
Al |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.02.2006 |
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Com. Reg. No.: |
4030160672, Jeddah |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesale and retail
of perfumes and textile 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$ 125,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : AHMED DAWOOD ALWANI CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 21st February 2006
Commercial Registration Number : 4030160672, Jeddah
Chamber Membership Number : 109371
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Total Workforce : 20
Activities : Wholesale and retail of perfumes and textile products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 125,000
COMPANY
NAME
AHMED DAWOOD ALWANI CO
company
ADDRESS
Registered & Physical
Address
Building : Al
Street :
Area : Al Balad District
PO Box : 19471
Town : Jeddah 21435
Country :
Telephone : (966-2) 6420907 / 6433653 /
6449999
Facsimile : (966-2) 6440021
Email : alwani@cyberia.net.sa / alwaniperfumes@hotmail.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Jeddah.
Branch Office (s)
Location Description
·
Souq Makailah Showroom
premises
KEY
PRINCIPALS
Name Position
·
Sheikh Dawood Ahmed Alwani Managing
Partner
·
Ahmed Dawood Ahmed Alwani Partner
·
Dawood Bin Ahmed Alwani Partner
·
Mosataf Hoziullah Commercial
Manager
·
Salim Ahmed Sales
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 22/01/1427
Hijri (corresponding to 21st February 2006)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4030160672,
Jeddah
Chamber Member No. : 109371
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Name of Partner (s)
·
Sheikh Dawood Ahmed Alwani
·
Ahmed Dawood Ahmed Alwani
·
Dawood Bin Ahmed Alwani
OPERATIONS
Activities: Engaged in the wholesale and retail of
perfumes and textile products.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 20 employees.
FINANCIAL
DATA
Financial
highlights provided by local sources are given below:
Currency: Saudi
Riyals (SR)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Sales SR 9,750,000 SR 10,600,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Al Bank
Al Saudi Al Fransi
Al Sharafiya Branch
PO Box: 7888
Jeddah 21472
Tel: (966-2) 6605863
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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|
1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.