|
Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
AL EMAN PRINTING PRESS CO |
|
|
|
|
Registered Office : |
1st Industrial Area |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1980 |
|
|
|
|
Com. Reg. No.: |
2050008227, Al Khobar |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Commercial printers and designers of stationery products |
|
|
|
|
No. of Employees : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Saudi Arabia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : AL EMAN PRINTING PRESS CO
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 1st January 1980
Commercial Registration Number : 2050008227, Al Khobar
Chamber Membership Number : 2682
Issued Capital : SR 5,000,000
Paid up Capital : SR 5,000,000
Total Workforce : 75
Activities : Commercial printers and designers of stationery products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
AL EMAN PRINTING PRESS CO
Location : 1st
Industrial Area
PO Box : 195
Town : Al Khobar
31952
Country : Saudi Arabia
Telephone : (966-3) 8472141
/ 8572149
Facsimile : (966-3)
8472145
Email : emanjobs3000@yahoo.com
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Al Khobar.
Name Position
· Abdul Mohsin
Hassan Al Qahtani Managing
Partner
· Khalid Hassan
Abdul Karim Al Qahtani Partner
· Mohamed Salem
Abdullah Al Rasam Partner
· Adel Mabrook Financial
Manager
· Tareq Fahed Administration
Manager
· Wael Shaheen Sales
Manager
Date of
Establishment : 13/02/1400 Hijri
(corresponding to 1st January 1980)
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 2050008227, Al Khobar
Chamber Member No. : 2682
Issued Capital : SR 5,000,000
Paid up Capital : SR 5,000,000
· Abdul Mohsin
Hassan Al Qahtani
· Khalid Hassan
Abdul Karim Al Qahtani
· Mohamed Salem Abdullah
Al Rasam
· Fadeco Co
· GH Transport
· HAKA Motors
· HRD & TSD’s
· Gima
· Rikaz
· Regus
· Haka Construction
· Hak Real Estate
· Edutech
· Isteshara
Activities: Engaged in the commercial printing and design of cards, brochures,
business cards, letterheads,
envelopes, calendars and shopping bags.
Import Countries: Europe and the Far East
Operating Trend: Steady
Subject has a workforce of 75 employees.
Financial highlights provided by local sources are given below:
Currency: Saudi Riyals (SR)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales SR
24,550,000 SR
26,120,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
National Commercial Bank
Airport Road
PO Box: 2800
Riyadh 11461
Tel: (966-1)
4772281
Fax: (966-1)
4730322
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.51.66 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.18 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.