MIRA INFORM
REPORT
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Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
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Name : |
FADWA SARY AL THUBUITI |
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Registered Office : |
Khalid Ibn Al Walid Street, P O Box 10757, Taif 21944 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.05.2005 |
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Com. Reg. No.: |
4032024341, Taif |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of women’s ready made clothing and textiles |
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 : FADWA SARY AL THUBUITI
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 10th May 2005
Commercial Registration Number : 4032024341, Taif
Invested Capital : SR 50,000
Total Workforce : 10
Activities : Wholesalers and retailers of women’s ready made clothing and textiles.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Abdullah Al Thubuiti, General Manager
COMPANY NAME
FADWA SARY AL THUBUITI
company ADDRESS
Registered & Physical Address
Location : Khalid Ibn Al Walid Street
PO Box : 10757
Town : Taif 21944
Country : Saudi Arabia
Telephone : (966-2) 7323659
Facsimile : (966-2) 7323659
Mobile : (966-50) 4703138
Email : guryh1@hotmail.com
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Taif.
KEY PRINCIPALS
Name Position
·
Ms Fadwa Sary Al Thubuiti Proprietor
·
Abdullah Al Thubuiti General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 02/04/1426
Hijri (corresponding to 10th May 2005)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4032024341,
Taif
Invested Capital
: SR 50,000
Ms Fadwa Sary Al
Thubuiti is the sole proprietor
of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
women’s ready made clothing and textiles.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 10 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 6,800,000 SR 7,150,000
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
PO Box: 1542
Taif
Tel: (966-2) 7380491
Fax: (966-2) 7381690
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.44.74 |
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UK Pound |
1 |
Rs.73.25 |
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Euro |
1 |
Rs.65.48 |
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.