MIRA INFORM
REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ABDULLAH MOHAMED AL GHAMDI TRADING EST |
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Registered Office : |
Street No. 19, Al
Gazaz District, P O Box 69234, Dammam 31452 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.11.2006 |
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Com. Reg. No.: |
2051033366, Dammam |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail of chilled and frozen meat, vegetables and dairy 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$ 100,000 |
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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 – March 31st, 2011
|
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 |
SUMMARY
Company Name : ABDULLAH MOHAMED AL GHAMDI TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 13th November 2006
Commercial Registration Number : 2051033366, Dammam
Chamber Membership Number : 78392
Invested Capital : SR 50,000
Total Workforce : 8
Activities : Wholesale and retail of chilled and frozen meat, vegetables and dairy
products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : Ibrahim Abdul Hamid, Sales Manager
COMPANY NAME
ABDULLAH MOHAMED AL
GHAMDI TRADING EST
company ADDRESS
Registered & Physical Address
Street : Street No. 19
Area : Al Gazaz District
PO Box : 69234
Town : Dammam 31452
Country : Saudi Arabia
Telephone : (966-3) 8255283 / 8054211 / 8260860
Facsimile : (966-3) 8260860
Mobile : (966-55) 9093121
Email : mradilzed@yahoo.com
Premises
Subject operates
from a small suite of offices, a warehouse and a showroom that are rented and
located in the Central Business Area of Dammam.
KEY PRINCIPALS
Name Position
·
Abdullah
Mohamed Al Ghamdi Proprietor
& General Manager
·
Adel
Abdul Maksood Assistant
General Manager
·
Ibrahim
Abdul Hamid Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 21/10/1427
Hijri (corresponding to 13th November 2006)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 2051033366,
Dammam
Chamber Member No. : 78392
Invested Capital
: SR 50,000
Mr Abdullah Mohamed
Al Ghamdi is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
chilled and frozen meat, vegetables and dairy products.
Import
Countries: Europe and GCC
countries
Operating Trend: Steady
Subject has a
workforce of 8 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 7,000,000 SR 7,385,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Commercial Bank
PO Box: 13
Dammam 31411
Tel: (966-3) 8331188
Fax: (966-3) 8336058
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 |
|
US Dollar |
1 |
Rs.44.46 |
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UK Pound |
1 |
Rs.71.53 |
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Euro |
1 |
Rs.64.63 |
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.