MIRA INFORM
REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SHAHAD Al SAHRA TRADING EST |
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Registered Office : |
Olaya Main Street,
Olaya District, P O Box 61410, Riyadh 11565 |
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Country : |
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Date of Incorporation : |
23.08.1994 |
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Com. Reg. No.: |
1010127753, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of telecommunication, IT and electronic
products, general foodstuff products,
ready made garments and oil and gas industrial supplies |
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$ 500,000 |
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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 : SHAHAD Al SAHRA TRADING EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 23rd August 1994
Commercial Registration Number : 1010127753,
Chamber Membership Number : 71598
Invested Capital : SR 2,000,000
Total Workforce : 100
Activities : Distributors of telecommunication, IT and electronic products, general
foodstuff products, ready made garments and oil and gas industrial
supplies.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 500,000
COMPANY
NAME
SHAHAD Al SAHRA TRADING EST
company
ADDRESS
Registered & Physical
Address
Street :
Area : Olaya District
PO Box : 61410
Town :
Country : Saudi Arabia
Telephone : (966-1) 4603158 / 4748226
Facsimile : (966-1) 4603169 / 4744934
Email : shahad@shahad-ksa.com
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Riyadh.
Branch Office (s)
Location Description
·
Olaya District
Tel: (966-1) 4647777
Fax: (966-1) 4643076
·
Jeddah Office
premises
·
Al
Khobar Office
premises
KEY
PRINCIPALS
Name Position
·
Riyad
Abdulrahman Al Dihan Proprietor
& General Manager
·
Sultan
Riyad Abdulrahman Al Dihan Assistant
General Manager
·
Ahmed
Sambouk Commercial
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 17/03/1415
Hijri (corresponding to 23rd August 1994)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010127753,
Chamber Member No. : 71598
Invested Capital
: SR 2,000,000
Mr Riyad Abdulrahman
Al Dihan is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
telecommunication, IT and electronic products, general foodstuff products,
ready made garments and oil and gas industrial supplies.
Import
Countries: Europe and the
Subject has a
workforce of 100 employees.
FINANCIAL
DATA
Companies
registered in
BANKERS
·
National
Commercial Bank
Malaz Branch
PO Box: 42536
Tel: (966-1) 4776450
Fax: (966-1) 4769502
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.