MIRA INFORM
REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SAAD HUSSEIN SULTAN ALHASANIAH EST |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1969 |
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Com. Reg. No.: |
5855000026, Khamis Mushait |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of building materials, paint, decoration materials, steel and timber 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$ 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 : SAAD HUSSEIN SULTAN ALHASANIAH EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1969
Commercial Registration Number : 5855000026, Khamis Mushait
Chamber Membership Number : 1086
Invested Capital : SR 100,000
Total Workforce : 15
Activities : Distributors of building materials, paint, decoration materials, steel and
timber products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY
NAME
SAAD HUSSEIN SULTAN ALHASANIAH EST
company
ADDRESS
Registered & Physical
Address
Location :
PO Box : 943
Town : Khamis Mushait
Country : Saudi Arabia
Telephone : (966-7) 2236080
Facsimile : (966-7) 2237298 / 2223557
Email : a_alhasaniah@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are owned and located in the
Central Business Area of Khamis Mushait.
Branch Office (s)
Location Description
·
Jeddah Office
premises
KEY
PRINCIPALS
Name Position
·
Saad
Hussein Sultan Alhasaniah Proprietor
& General Manager
·
Ali
Saad Hussein Sultan Alhasaniah Assistant
General Manager
·
Mohamed
Abu Al Mati Sales
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 1969
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 5855000026,
Khamis Mushait
Chamber Member No. : 1086
Invested Capital
: SR 100,000
Mr Saad Hussein
Sultan Alhasaniah is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
building materials, paint, decoration materials, steel and timber products.
Import
Countries: Europe and the
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 31/12/09: Year Ending
31/12/10:
Total Sales SR 7,100,000 SR 7,850,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Saudi
British Bank
PO Box: 1846
Khamis Mushait
Tel: (966-7) 2222302
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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.