MIRA INFORM REPORT
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Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
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Name : |
RIYADH ABDUL RUB QASSIM AL ESAYI EST |
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Registered Office : |
Al Hefini Commercial Centre, 3rd Floor, Al Dhahab Street, Al Balad District, P O Box 17453, Jeddah
2148 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.04.2004 |
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Com. Reg. No.: |
4030148957, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail of readymade garments, cloth, textiles and fabrics. |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 : RIYADH ABDUL RUB QASSIM AL ESAYI EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 28th April 2004
Commercial Registration Number : 4030148957, Jeddah
Chamber Membership Number : 98186
Invested Capital : SR 50,000
Total Workforce : 18
Activities : Wholesale and retail of readymade garments, cloth, textiles and
fabrics.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Abdullah Al Senani, Commercial Manager
COMPANY NAME
RIYADH ABDUL RUB QASSIM AL ESAYI EST
company ADDRESS
Registered &
Physical Address
Building : Al Hefini Commercial Centre, 3rd Floor
Street : Al Dhahab Street
Area : Al Balad District
PO Box : 17453
Town : Jeddah 21484
Country : Saudi Arabia
Telephone : (966-2) 6482642 / 6479060
Facsimile : (966-2) 6484047
Mobile : (966-56) 0240566
Email : ccaleesay@cyberia.net.sa
Premises
Subject operates
from a small suite of offices that are rented and located in the Central Business
Area of Jeddah.
Branch Offices
Location Description
·
Riyadh Showroom
premises
Tel: (966-56) 3397778
·
Dammam Showroom
premises
Tel: (966-3) 8311070
KEY PRINCIPALS
Name Position
·
Riyadh Abdul Rub Qassim Al Esayi Proprietor & General
Manager
·
Nasser Al Yazidi Assistant
General Manager
·
Abdullah Al Senani Commercial
Manager
·
Saleh Suhaila Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 09/03/1425 Hijri (corresponding to 28th April 2004)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030148957, Jeddah
Chamber Member No. : 98186
Invested Capital
: SR 50,000
Mr Riyadh Abdul Rub Qassim Al Esayi is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
readymade garments, cloth, textiles and fabrics.
Import
Countries: Pakistan, India
and China
Brand Names: EXNOY, KIDS and CC
Operating Trend: Steady
Subject has a
workforce of 18 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 10,000,000 SR 11,000,000
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.76.65 |
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Euro |
1 |
Rs.66.17 |
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 |
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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.