MIRA
INFORM REPORT
|
Report Date : |
04.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
BAHADI TRADING EST |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
25.06.1987 |
|
|
|
|
Com. Reg. No.: |
4030057673, Jeddah |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesalers and retailers of general foodstuff products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : BAHADI TRADING EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 25th June 1987
Commercial Registration Number : 4030057673, Jeddah
Chamber Membership Number : 26919
Invested Capital : SR 200,000
Total Workforce : 30
Activities : Wholesalers and retailers of general foodstuff products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
BAHADI TRADING EST
ADDRESS
Registered & Physical Address
Street :
Location : Al Noujom Roundabout
PO Box : 19738
Town : Jeddah 21445
Country :
Telephone : (966-2) 6442222
/ 6355555
Facsimile : (966-2)
6432468
Email : alibahadi@hotmail.com
/ info@bahadi.com
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Jeddah.
Branch Office (s)
Location Description
·
Jeddah
Tel: (966-2)
6431095
·
Tel: (966-1)
4118887
Fax: (966-1)
4388349
KEY PRINCIPALS
Name Position
·
Ali Obaid Saeed Bahadi Bajab Proprietor
& General Manager
·
Saeed Obaid Saeed Bahadi
Bajab Assistant
General Manager
·
Mohamed Obaid Bahadi Commercial
Manager
·
Mostafa Mohamed Ali Saad Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 28/10/1407 Hijri (corresponding to 25th
June 1987)
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4030057673, Jeddah
Chamber Member No. : 26919
Invested Capital : SR 200,000
Mr Ali Obaid Saeed Bahadi Bajab is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of general foodstuff products,
including nuts, rice, spices and coffee.
Import Countries:
International Suppliers:
· Herpo
· San Lazaro
· Imexa
· Agrofood
·
· Comex
Brand Names: BAHADI
Operating Trend: Steady
Subject has a workforce of 30 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
9,500,000 SR
10,325,000
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
·
Arab National Bank
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
|
1 |
Rs.73.37 |
|
Euro |
1 |
Rs.62.33 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.