MIRA
INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HASSAN ALI AL TOURI TRADING EST |
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Formerly Known As : |
AL FARSI AL ARABI |
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Registered Office : |
Petromin Street Dawar Al Nojoom PO Box 52389
Jeddah 21563 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
06.06.1995 |
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Com. Reg. No.: |
4030112249, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of general foodstuff products. |
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 – September 30, 2011
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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 ALI AL TOURI TRADING EST
Also Known As : AL FARSI AL ARABI
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 6th June 1995
Commercial Registration Number : 4030112249, Jeddah
Chamber Membership Number : 54534
Invested Capital : SR 100,000
Total Workforce : 8
Activities : Wholesalers and retailers of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Fahd Ali Al Torui, Assistant General Manager
COMPANY NAME
HASSAN ALI AL TOURI TRADING EST
ALSO KNOWN AS: AL FARSI AL ARABI
ADDRESS
Registered & Physical Address
Street : Petromin
Street
Area : Dawar Al Nojoom
PO Box : 52389
Town : Jeddah 21563
Country : Saudi Arabia
Telephone : (966-2) 6380808
/ 2685050
Facsimile : (966-2)
2685050
Email : altouri@zajil.net
Premises
Subject operates from a small of offices and a showroom that are rented
and located in the Central Business Area of Jeddah.
Branch Office (s)
Location Description
· Bab Mecca Rented
showroom premises
Jeddah
Tel: (966-2) 6439576
KEY PRINCIPALS
Name Position
· Hassan Ali Al Torui Proprietor
& General Manager
· Fahd Ali Al Torui Assistant
General Manager
· Hamed Ali Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 08/01/1416 Hijri (corresponding
to 6th June 1995)
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4030112249, Jeddah
Chamber Member No. : 54534
Invested Capital : SR 100,000
Mr Hassan Ali Al Torui is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of general foodstuff products,
including cardamom, coffee, rice, tea,
spices, pulses and sugar.
Import Countries: Guatemala, China, Ethiopia, Vietnam, Indonesia,
India, Sri Lanka, Thailand, Syria, Sudan and the United Arab Emirates.
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
12,100,000 SR
12,750,000
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
King Abdul Aziz
Street
PO Box: 3555
Jeddah 21481
Tel: (966-2)
6446644
Fax: (966-2)
6446644
Acc No.
62211729000109
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.49.02 |
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1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.55 |
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.