MIRA INFORM
REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
TALAL ABDUL WAHID EST |
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Registered Office : |
Al Nojoom Centre,
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
24.02.2006 |
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Com. Reg. No.: |
4030160099, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject operates through several divisions Foodstuff Division and Garments Division |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 : TALAL ABDUL WAHID EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 24th February 2006
Commercial Registration Number : 4030160099, Jeddah
Chamber Membership Number : 108720
Invested Capital : SR 50,000
Total Workforce : 8
Activities : Subject operates several divisions (see below for details)
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Mohamed Shah Jalal, Assistant General Manager
COMPANY NAME
TALAL ABDUL WAHID EST
company ADDRESS
Registered & Physical Address
Building : Al Nojoom Centre
Street :
PO Box : 116747
Town : Jeddah 21391
Country :
Telephone : (966-2) 6368998 / 6593902
Facsimile : (966-2) 6352324 / 6557466
Email : bdcrice@gmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Jeddah.
Branch Office (s)
Location Description
·
Al Nuzha District
Jeddah
Tel: (966-50) 6668205
KEY PRINCIPALS
Name Position
·
Talal
Abdul Wahid Ezzeddine Ezzatullah Proprietor
& General Manager
·
Mohamed
Shah Jalal Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 26/01/1427
Hijri (corresponding to 24th February 2006)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030160099,
Jeddah
Chamber Member No. : 108720
Invested Capital
: SR 50,000
Mr Talal Abdul
Wahid Ezzeddine Ezzatullah is the sole proprietor of the business.
OPERATIONS
Activities: Subject’s operations are performed through
the following divisions:
·
Foodstuff
Division
Wholesalers of general
foodstuff products, including rice and frozen fish.
·
Garments
Division
Wholesalers and retailers of ready made garments.
Import
Countries: Europe and the
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 9,275,000 SR 9,680,000
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
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.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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 |
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.