MIRA INFORM
REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ALKHALIJIAH ALMOTAALKAH COMPANY |
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Registered Office : |
East Express
Highway, P O Box 126545,
Jeddah 21352 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
04.05.2008 |
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Com. Reg. No.: |
4030178748, Jeddah |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesalers and retailers of textiles, men’s Arabic dress, ready made garments and underwear |
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 – 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 |
Bottom of Form
SUMMARY
Company Name : ALKHALIJIAH ALMOTAALKAH COMPANY
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 4th May 2008
Commercial Registration Number : 4030178748, Jeddah
Chamber Membership Number : 128632
Issued Capital : SR 250,000
Paid up Capital : SR 250,000
Total Workforce : 25
Activities :
Wholesalers and retailers of textiles,
men’s Arabic dress, ready made
garments and underwear.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Abdullah Issa Shook, Administration Manager
COMPANY NAME
ALKHALIJIAH ALMOTAALKAH COMPANY
company ADDRESS
Registered & Physical Address
Location : East Express Highway
PO Box : 126545
Town : Jeddah 21352
Country : Saudi Arabia
Telephone : (966-2) 2511611
Facsimile : (966-2) 2511611
Mobile : (966-54) 6104959 / (966-50) 2998109
Email : abdullah@alkhalijiah.com /
info@alkhalijiah.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Jeddah.
Branch Office (s)
Location Description
·
Al
Balad District Office
premises
Jeddah
Tel: (966-2) 6432100
KEY PRINCIPALS
Name Position
·
Ibrahim
Yahya Dahmian Al Sayegh Managing
Partner
·
Zeinab
Issa Shook Partner
·
Mohamed
Issa Shook Commercial
Manager
·
Abdullah
Issa Shook Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 28/04/1429 Hijri
(corresponding to 4th May 2008)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4030178748,
Jeddah
Chamber Member No. : 128632
Issued Capital : SR 250,000
Paid up Capital : SR 250,000
Name of Partner (s)
·
Ibrahim
Yahya Dahmian Al Sayegh
·
Zeinab
Issa Shook
OPERATIONS
Activities: Engaged in the wholesale and retail of textiles, men’s Arabic dress, ready made
garments and underwear.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 25 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 11,375,000 SR 12,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Commercial Bank
PO Box: 3555
Jeddah 21481
Tel: (966-2) 6446644
Fax: (966-2) 6446644
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.44.72 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.65.47 |
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.