MIRA
INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
UNITED FOOD INDUSTRIES CORPORATION LTD |
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Registered Office : |
PO Box 3654 Riyadh, 11481 |
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Country : |
Saudi Arabia |
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Year of Establishment : |
1984 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Biscuit Manufacturing |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Saudi Arabia |
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 |
Company name and address
United Food Industries Corporation Ltd
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Business Description |
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United Food Industries Corporation (Saudi Arabia) manufactures
biscuits, wafers and distributors of international confectionery products and
snack foods.The company exports its products to approximately 45 countries
and has 15 branches located throughout the Kingdom. Agent for Fleer GmbH
(Germany), Bestfood Company (UAE), Kent Gida (Turkey) and Fleer Espanola
(Spain). |
Industry
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Industry |
Food Processing |
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ANZSIC 2006: |
1173 - Biscuit Manufacturing (Factory
based) |
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NACE 2002: |
1582 - Manufacture of rusks and biscuits;
manufacture of preserved pastry goods and cakes |
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NAICS 2002: |
311821 - Cookie and Cracker Manufacturing |
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UK SIC 2003: |
1582 - Manufacture of rusks and biscuits;
manufacture of preserved pastry goods and cakes |
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US SIC 1987: |
2052 - Cookies and Crackers |
Key
Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = SAR 3.751248
2 - Balance Sheet Item Exchange Rate: USD 1 = SAR 3.7531
Corporate Overview
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Corporate Structure News
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United Food
Industries Corporation Ltd |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Ali A Tamimi Holding Co |
Parent |
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Subsidiary |
Dammam |
Saudi Arabia |
Construction Services |
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4,500 |
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Subsidiary |
Riyadh |
Saudi Arabia |
Food Processing |
38.9 |
1,000 |
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Subsidiary |
Al Khobar |
Saudi Arabia |
Tires |
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300 |
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Joint Venture |
Al-Khobar, Ash Sharqiyah |
Saudi Arabia |
Construction Services |
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Executives Report
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.27 |
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1 |
Rs.73.34 |
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Euro |
1 |
Rs.64.58 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.