MIRA INFORM REPORT
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Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
NABEEL AHMED ABDO AL HASANI EST |
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Registered Office : |
Tareq Bin Ziyad
Street, Bab Shareef District, P O Box 22714, Jeddah 21436 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
28.01.2005 |
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Com. Reg. No.: |
4030153529, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of 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 : NABEEL AHMED ABDO AL HASANI EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 28th January 2005
Commercial Registration Number : 4030153529, Jeddah
Chamber Membership Number : 102573
Invested Capital : SR 500,000
Total Workforce : 8
Activities : Wholesalers and retailers of textiles and fabrics.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY
NAME
NABEEL AHMED ABDO AL
HASANI EST
company ADDRESS
Registered &
Physical Address
Street : Tareq Bin Ziyad Street
Area : Bab Shareef District
PO Box : 22714
Town : Jeddah 21436
Country : Saudi Arabia
Telephone : (966-2) 6481829 / 6482536
Facsimile : (966-2) 6450129 / 6323533
Mobile : (966-50) 4330034
Email : nabeel_alhassani@hotmail.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.
KEY PRINCIPALS
Name Position
·
Nabeel
Ahmed Abdo Al Hasani Proprietor
& General Manager
·
Faisal
Abdullah Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 18/12/1425
Hijri (corresponding to 28th January 2005)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030153529,
Jeddah
Chamber Member No. : 102573
Invested Capital
: SR 500,000
Mr Nabeel Ahmed Abdo Al Hasani is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
textiles and fabrics.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 8 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
PO Box : 3555
Jeddah 21481
Tel : (966-2) 6446644
Fax : (966-2) 6446644
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.94 |
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UK Pound |
1 |
Rs.74.28 |
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Euro |
1 |
Rs.64.97 |
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.