MIRA INFORM REPORT
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Report Date : |
30.09.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
HASSAN ABDUL MALIK IBRAHIM AL HABBAB EST |
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Registered Office : |
Al Farzadaq Street,
Al Malaz District, P O Box 58738, Riyadh 11515 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.12.1983 |
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Com. Reg. No.: |
1010052618, Riyadh |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject operates through several divisions Trading Division
and Contracting Division |
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$ 300,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 : HASSAN ABDUL MALIK IBRAHIM AL HABBAB EST
Also Known As : H A AL HABBAB EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 28th December 1983
Commercial Registration Number : 1010052618, Riyadh
Chamber Membership Number : 28751
Invested Capital : SR 25,000
Total Workforce : 105
Activities : Subject operates several divisions (see below for details)
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
Person Interviewed : Khaleed Sabbagh, Human Resources Manager
COMPANY NAME
HASSAN ABDUL MALIK
IBRAHIM AL HABBAB EST
ALSO KNOWN AS
H A AL HABBAB EST
company ADDRESS
Registered &
Physical Address
Street : Al Farzadaq Street
Area : Al Malaz District
PO Box : 58738
Town : Riyadh 11515
Country : Saudi Arabia
Telephone : (966-1) 4773952
Facsimile : (966-1) 4760791
Email : khaleed40@hotmail.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Riyadh.
KEY PRINCIPALS
Name Position
·
Hassan Abdul
Malik Ibrahim Al Habbab Proprietor
& General Manager
·
Khaleed
Sabbagh Human
Resources Manager
·
Abdul
Moniem Moli Administration
Manager
·
Ezzeddine
Mohamed Ibrahim Finance
Manager
·
Khaleed
Mohamed Ali Project
Manager
LEGAL FORM & OWNERS
Date of Establishment : 24/03/1404
Hijri (corresponding to 28th December 1983)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010052618,
Riyadh
Chamber Member No. : 28751
Invested Capital
: SR 25,000
Mr Hassan Abdul Malik
Ibrahim Al Habbab is the sole proprietor of the business.
OPERATIONS
Activities: Subject’s operations are performed through
the following divisions:
·
Trading
Division
Engaged as traders of general
building materials and sanitary ware.
·
Contracting
Division
Engaged as general construction contractors specialising building
maintenance work.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 105 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 23,000,000 SR 24,700,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Khaleed Sabbagh, Human Resources Manager
BANKERS
·
National
Commercial Bank
Airport Road
PO Box: 2800
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
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.48.93 |
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UK Pound |
1 |
Rs.76.52 |
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Euro |
1 |
Rs.66.65 |
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.