MIRA INFORM
REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ABULJADAYEL BEVERAGES INDUSTRIES INC |
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Registered Office : |
Attiah Street, Industrial
City, Phase 5, P O Box 3865, Jeddah 21481 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
29.12.2004 |
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Com. Reg. No.: |
4030152994, Jeddah |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production of fruit juices and soft drinks |
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$ 700,000 |
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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 : ABULJADAYEL BEVERAGES INDUSTRIES INC
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Start Date : 1994
Registration Date : 29th December 2004
Commercial Registration Number : 4030152994, Jeddah
Chamber Membership Number : 14005
Issued Capital : SR 5,000,000
Paid up Capital : SR 5,000,000
Total Workforce : 700
Activities : Production of fruit juices and soft drinks.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 700,000
COMPANY NAME
ABULJADAYEL
BEVERAGES INDUSTRIES INC
company ADDRESS
Registered & Physical Address
Street : Attiah Street
Area : Industrial City, Phase 5
PO Box : 3865
Town : Jeddah 21481
Country : Saudi Arabia
Telephone : (966-2) 6828266 / 6828479 / 6828283 /
6821780 / 6081191 / 6080199
Facsimile : (966-2) 6828394 / 6081195 / 6081620
Email : beverage@abuljadayel.com
Premises
Subject operates
from a large suite of offices, a factory and warehousing that are owned and
located in the Industrial Area of Jeddah.
KEY PRINCIPALS
Name Position
·
Ahmed
Abuljadayel Managing
Partner
·
Nizar
Abuljadayel Partner
·
Taha
Abuljadayel Partner
·
Sheikh
Abdullah Abuljadayel Partner
·
Faiz Al
Bakri Public
Relations Manager
·
Hatim
Yaseen Commercial
Manager
·
Nedal
Hosni Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 1994, however it was registered on 17/11/1425 Hijri
(corresponding to 29th December
2004)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4030152994,
Jeddah
Chamber Member No. : 14005
Issued Capital : SR 5,000,000
Paid up Capital : SR 5,000,000
Name of Partner
(s)
·
Ahmed
Abuljadayel
·
Nizar
Abuljadayel
·
Taha
Abuljadayel
·
Sheikh
Abdullah Abuljadayel
AFFILIATED COMPANIES
·
Abuljadayel
Est for Contracting
Jeddah
Tel: (966-2) 6727807
Fax: (966-2) 6727965
OPERATIONS
Activities: Engaged in the production of fruit juices
and soft drinks.
Import
Countries: Germany, Greece,
France, Italy, Spain and the United States of America.
Brand Names: BISON, EXXIR, PASHA, SINALCO, STONE COLA
and CAESAR
Subject has a workforce
of approximately 700 employees.
FINANCIAL DATA
Companies
registered in Saudi Arabia are not legally required to make their accounts
public and no financial information was released by the company or submitted by
outside sources.
BANKERS
·
National
Commercial Bank
Al Balad Branch
King Abdulaziz Street
PO Box: 5066
Jeddah 21422
Tel: (966-2) 6434777
Fax: (966-2) 6441686
·
Arab
National Bank (ANB)
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 company
is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
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.