MIRA INFORM REPORT

 

 

Report Date :           

27.09.2011

 

IDENTIFICATION DETAILS

 

Name :

SOUMA AL MEMAR TRADING

 

 

Registered Office :

Batha Khurais Area, Mecca

 

 

Country :

Saudi Arabia

 

 

Date of Incorporation :

09.04.2011

 

 

Com. Reg. No.:

4031062564, Mecca

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesalers and retailers of general foodstuff products

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Maximum Credit Limit :

EUR 30,000

 

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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                                     : SOUMA AL MEMAR TRADING

Country of Origin                                    : Saudi Arabia

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 9th April 2011

Commercial Registration Number            : 4031062564, Mecca

Chamber Membership Number                : 37802

Invested Capital                                     : SR 25,000

Total Workforce                                     : 35

Activities                                               : Wholesalers and retailers of general foodstuff products

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : EUR 30,000

Person Interviewed                                 : Saif Al Hothaly, Assistant General Manager

 

 

 

COMPANY NAME

 

SOUMA AL MEMAR TRADING

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Batha Khurais Area

Town                 : Mecca

Country             : Saudi Arabia

Telephone         : (966-2) 5666695

Facsimile          : (966-2) 5666695

Mobile               : (966-55) 5046667 / (966-56) 1774866

Email                : s-alhothaly@hotmail.com

 

Premises

Subject operates from a medium sized suite of offices and a showroom that are rented and located in the Central Business Area of Mecca.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Mutlaq Dakheel Ullah Saleh Al Matrafi                                     Proprietor & General Manager

 

·       Saif Al Hothaly                                                                                  Assistant General Manager

 

·       Yousef Alwan                                                                                    Sales Manager

 

·       Mohamed Abu Omar                                                                         Administration Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 06/05/1432 Hijri (corresponding to 9th April 2011)

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 4031062564, Mecca

 

Chamber Member No. : 37802

 

Invested Capital           : SR 25,000

 

Mr Mutlaq Dakheel Ullah Saleh Al Matrafi is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged in the wholesale and retail of general foodstuff products.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 35 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       National Commercial Bank

Masfalah Branch

     Mecca

     Tel: (966-2) 5367051

     Fax: (966-2) 5345457

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

 

 Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.62

UK Pound

1

Rs.76.68

Euro

1

Rs.66.47

 

 

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.