MIRA INFORM REPORT

 

 

Report Date :

15.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ABULJADAYEL BEVERAGES INDUSTRIES INC

 

 

Registered Office :

Attiah Street Industrial City, Phase 5 PO Box 3865 Jeddah 21481

 

 

Country :

Saudi Arabia

 

 

Year of Establishment :

1994

 

 

Com. Reg. No.:

4030152994, Jeddah

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Production of fruit juices and soft drinks.

 

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$ 700,000

 

 

Status :

Good

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Saudi Arabia

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                                     : 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                                     : 830

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

 

 

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 / export@ab.com.sa

 

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

 

·       Loay Ahmed Abuljadayel                                                                   General Manager

 

·       Ibrahim Al Wardani                                                                            Finance Manager

 

·       Nedal Hasriyat                                                                                  Purchasing Manager

 

·       Alaa Al Nimer                                                                                   Sales 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 Co for Contracting & Maintenance

PO Box: 4536

Jeddah

     Tel: (966-2) 6728216 / 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 830 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

Indian Rupees

US Dollar

1

Rs.50.08

UK Pound

1

Rs.80.36

Euro

1

Rs.68.83

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.