MIRA INFORM REPORT
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Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ABDULLAH MASHOUR AL SHALAAN EST |
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Registered Office : |
Old Mecca Road, Kilo
15, P O Box 35442, Jeddah 21488 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
05.08.2008 |
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Com. Reg. No.: |
4030181657, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of building materials, ceramics, tiles and marble |
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No. of Employees
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12 Persons |
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 : |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
SUMMARY
Company Name : ABDULLAH MASHOUR AL SHALAAN EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 5th August 2008
Commercial Registration Number : 4030181657, Jeddah
Chamber Membership Number : 133312
Invested Capital : SR 75,000
Total Workforce : 12
Activities : Distributors of building materials, ceramics, tiles and marble.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ABDULLAH MASHOUR AL SHALAAN EST
company ADDRESS
Registered &
Physical Address
Location : Old Mecca Road, Kilo 15
PO Box : 35442
Town : Jeddah 21488
Country : Saudi Arabia
Telephone : (966-2) 6212600 / 2800978
Facsimile : (966-2) 6234471
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Jeddah.
KEY PRINCIPALS
Name Position
·
Abdullah
Mashour Hadeel Al Shalaan Proprietor
& General Manager
·
Ziyad
Al Shami Commercial
Manager
·
Mostafa
Ataala Financial
Controller
LEGAL FORM & OWNERS
Date of Establishment : 03/08/1429
Hijri (corresponding to 5th August 2008)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030181657,
Jeddah
Chamber Member No. : 133312
Invested Capital
: SR 75,000
Mr Abdullah Mashour
Hadeel Al Shalaan is the sole proprietor of the business.
AFFILIATED COMPANIES
·
Hail Al
Shalaan Trading Est
PO Box: 35442
Jeddah 21488
Tel: (966-2) 6212600 / 6212601
Fax: (966-2) 6234471
OPERATIONS
Activities: Engaged in the import and distribution of
building materials, ceramics, tiles and marble.
Import
Countries: Europe and the Far
East.
Operating Trend: Steady
Subject has a
workforce of 12 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 7,300,000 SR 8,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Arab
National Bank
Madinah Road
PO Box: 9463
Jeddah 21413
Tel: (966-2) 6600272
Fax: (966-2) 6650202
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.54.24 |
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UK Pound |
1 |
Rs.83.77 |
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Euro |
1 |
Rs.70.46 |
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.