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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AHMED DAWOOD ALWANI CO |
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Registered Office : |
Al Dawood
Building, Al Dhahab
Street, Al Balad
District, PO Box 19471, Jeddah 21435 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.02.2006 |
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Com. Reg. No.: |
4030160672, Jeddah |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesale and Retail of Perfumes and Textile Products. |
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No. of Employees : |
20 |
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$ 125,000 |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name :
AHMED DAWOOD ALWANI CO
Country of Origin :
Legal Form :
Limited Liability Partnership
Registration Date :
21st February 2006
Commercial Registration Number :
4030160672, Jeddah
Chamber Membership Number :
109371
Issued Capital :
SR 500,000
Paid up Capital :
SR 500,000
Total Workforce :
20
Activities :
Wholesale and retail of perfumes and textile products.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Recommended Credit Limit :
US$ 125,000
AHMED DAWOOD ALWANI CO
Registered &
Physical Address
Building : Al Dawood Building
Street :
Area : Al Balad
District
PO Box : 19471
Town : Jeddah 21435
Country : Saudi Arabia
Telephone : (966-2) 6420907 / 6433653 / 6449999
Facsimile : (966-2) 6440021
Email : alwani@cyberia.net.sa / alwaniperfumes@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.
Branch Office (s)
Location Description
Souq Makailah Showroom
premises
Name Position
Sheikh
Dawood Ahmed Alwani Managing
Partner
Ahmed Dawood
Ahmed Alwani Partner
Dawood Bin Ahmed Alwani Partner
Mosataf
Hoziullah Commercial
Manager
Salim Ahmed Sales
Manager
Date of Establishment : 22/01/1427 Hijri
(corresponding to 21st February 2006)
Legal Form : Limited Liability
Partnership
Commercial Reg. No . : 4030160672,
Jeddah
Chamber Member No. : 109371
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Name of Partner
(s)
Sheikh
Dawood Ahmed Alwani
Ahmed Dawood
Ahmed Alwani
Dawood Bin Ahmed Alwani
Activities: Engaged in the wholesale and retail of
perfumes and textile products.
Import Countries:
Operating Trend: Steady
Subject has a workforce of 20 employees.
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
9,750,000 SR
10,600,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Al Bank Al Saudi Al Fransi
Al Sharafiya Branch
PO Box: 7888
Jeddah 21472
Tel: (966-2) 6605863
No complaints regarding subject’s payments have been reported.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.55 |
|
|
1 |
Rs.81.95 |
|
Euro |
1 |
Rs.67.57 |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.