MIRA
INFORM REPORT
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Report Date : |
15.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ADMA SHAMRAN TRADING CO |
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Registered Office : |
Faisaliah
Warehouse Old Industrial Area PO Box 5743 Riyadh, 11422 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.10.2006 |
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Com. Reg. No.: |
1010223788, Riyadh |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors 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$ 600,000 |
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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 : ADMA SHAMRAN TRADING CO
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 1st October 2006
Commercial Registration Number : 1010223788, Riyadh
Chamber Membership Number : 23330
Issued Capital : SR 1,000,000
Paid up Capital : SR 1,000,000
Total Workforce : 46
Activities : Distributors of general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 600,000
Person Interviewed : Izhar Al Haq, Finance Manager
COMPANY NAME
ADMA SHAMRAN TRADING
CO
ADDRESS
Registered & Physical Address
Building : Faisaliah Warehouse
Area : Old Industrial Area
PO Box : 5743
Town : Riyadh, 11422
Country : Saudi Arabia
Telephone : (966-1) 2410543
Facsimile : (966-1) 2411907
Email : info@admashamran.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Riyadh.
Branch Office
(s)
Location Description
·
Mecca Office
& warehouse premises
Tel: (966-2) 5400947
·
PO Box:
9906 Office
& warehouse premises
Dammam 31423
Tel: (966-3) 8473503 / 8473430
Fax: (966-3) 8472975
·
PO Box:
587 Office
& warehouse premises
Hail
Tel: (966-6) 5932270 / 5340497 / 5340498
Fax: (966-6) 5334210
KEY PRINCIPALS
Name Position
·
Saad
Abdul Ghani Awad Al Shamrani Managing
Partner
·
Ali
Abdul Ghani Awad Al Shamrani Partner
·
Mohamed
Saad Abdul Ghani Awad Al Shamrani General
Manager
·
Imran
Hameed Sales
Manager
·
Izhar
Al Haq Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 09/09/1427
Hijri (corresponding to 1st October 2006)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 1010223788,
Riyadh
Chamber Member No. : 23330
Issued Capital : SR 1,000,000
Paid up Capital : SR 1,000,000
Name of Partner (s)
·
Saad
Abdul Ghani Awad Al Shamrani
·
Ali
Abdul Ghani Awad Al Shamrani
AFFILIATED COMPANIES
·
Adma
Shamran Catering Co
Riyadh
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuffs, including spices, rice, pickles, chutney and semolina.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 46 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 21,700,000 SR 25,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Izhar Al Haq, Finance Manager
BANKERS
·
National
Commercial Bank
Airport Road
PO Box: 2800
Riyadh 11461
Tel: (966-1) 4772281
Fax: (966-1) 4730322
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 |
|
|
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.68.83 |
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.