MIRA INFORM
REPORT
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Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
AL KHERAIJI PAPER MANUFACTURING FACTORY |
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Registered Office : |
Al Fouzan
Industrial Area, Al Nour Quarter, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.06.2002 |
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Com. Reg. No.: |
1010177936, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture and printing of paper bags, boxes, paper sheet, school sheet, folders, medical forms and brochures |
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No. of Employees
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35 |
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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Saudi Arabia
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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 : AL KHERAIJI PAPER MANUFACTURING FACTORY
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 14th June 2002
Commercial Registration Number :
1010177936,
Chamber Membership Number : 119050
Invested Capital : SR 2,575,000
Total Workforce : 35
Activities : Manufacture and printing of paper bags, boxes, paper sheet, school
sheet, folders, medical forms and brochures.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Majid Abdullah Al Yousef, General Manager
AL KHERAIJI PAPER MANUFACTURING FACTORY
Registered &
Physical Address
Location : Al Fouzan Industrial Area, Al Nour
Quarter
PO Box : 381818
Town : Riyadh 11345
Country : Saudi Arabia
Telephone : (966-1) 2446688
Facsimile : (966-1) 2446699
Mobile : (966-50) 8610702
Email : alkheraiji@hotmail.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Riyadh.
Name Position
·
Wafa
Nasse Saleh Al Kheraiji Proprietor
·
Majid
Abdullah Al Yousef General
Manager
·
Mohamed
Abdulaziz Al Hosaini Assistant General Manager
·
Rabee Sholgami
Mohamed Accounts
Manager
Date of Establishment : 04/04/1423
Hijri (corresponding to 14th June 2002)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010177936,
Riyadh
Chamber Member No. : 119050
Invested Capital
: SR 2,575,000
Mrs Wafa Nasse
Saleh Al Kheraiji is the sole proprietor of the business.
Activities: Engaged in the manufacture and printing of
paper bags, boxes, paper sheet, school sheet, folders, medical forms and
brochures.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a
workforce of 35 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 12,750,000 SR 13,350,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Riyad
Bank
King Abdul Aziz Road
PO Box: 22622
Riyadh 11416
Tel: (966-1) 4013030
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
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.51.66 |
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UK Pound |
1 |
Rs.81.80 |
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Euro |
1 |
Rs.67.18 |
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.