MIRA
INFORM REPORT
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Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
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Name : |
HASSAN AHMED MOZAFER TRADING & IMPORT EST |
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Registered Office : |
Petromin Street, Star
Roundabout PO Box 30461 Jeddah 21477 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1993 |
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Com. Reg. No.: |
4030008859, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of general foodstuffs. |
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$ 200,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
SUMMARY
Company Name : HASSAN AHMED MOZAFER TRADING & IMPORT EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 1993
Commercial Registration Number : 4030008859, Jeddah
Chamber Membership Number : 4562
Invested Capital : SR 50,000
Total Workforce : 35
Activities : Wholesalers and retailers of general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
HASSAN AHMED MOZAFER TRADING & IMPORT EST
ADDRESS
Registered & Physical Address
Location : Petromin Street, Star Roundabout
PO Box : 30461
Town : Jeddah 21477
Country : Saudi Arabia
Telephone : (966-2) 2686445 / 6365559
Facsimile : (966-2) 6361284
Mobile : (966-50) 4632171
Email : info@homefoodstuff.com
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Jeddah.
Branch Office (s)
Location Description
· Madinah Office
premises
Tel: (966-4)
8242146
· Riyadh Office
premises
Tel: (966-1) 4950980
KEY PRINCIPALS
Name Position
·
Hassan Ahmed
Mozafer Proprietor
& General Manager
·
Gazi Hassan
Ahmed Mozafer Assistant
General Manager
·
Niaz Hashim
Mamen Sales
Manager
·
Fadel
Al Rahman Mamen Administration
Manager
·
Mohamed Ramadan Financial
Controller
LEGAL FORM & OWNERS
Date of
Establishment : 1993
Legal Form : Sole Proprietorship
Commercial Reg.
No. : 4030008859,
Jeddah
Chamber Member No. : 4562
Invested Capital : SR 50,000
Mr Hassan Ahmed Mozafer is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and
retail of general foodstuffs, including dried foods, beans, soya, rice and
sugar.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 35 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
14,300,000 SR
15,600,000
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
Al Balad Branch
King Abdulaziz
Street
PO Box: 5066
Jeddah 21422
Tel: (966-2)
6434777
Fax: (966-2)
6441686
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
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Indian Rupees |
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US Dollar |
1 |
Rs.50.28 |
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|
1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.44 |
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 |
-- |
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.