MIRA INFORM
REPORT
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Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MEDRAR AL YAMAMA PACKAGING |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
11.02.2006 |
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Com. Reg. No.: |
1010216084 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of boxes and paper bags |
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No. of Employees
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27 |
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$ 200,000 |
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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 : MEDRAR AL YAMAMA PACKAGING
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 11th February 2006
Commercial Registration Number :
1010216084
Chamber Membership Number : 171881
Invested Capital : SR 285,000
Total Workforce : 27
Activities : Manufacture of boxes and paper bags.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
Person Interviewed : Hassan Al Desouki, Assistant General Manager
MEDRAR AL YAMAMA PACKAGING
Registered &
Physical Address
Street : King Fahd Street
Area : Al Duraihimeya Area
PO Box : 331566 & 52965
Town : Riyadh 11373
Country : Saudi Arabia
Telephone : (966-1) 2864044 / 4246240
Facsimile : (966-1) 2864344 / 4246280
Email : medraralyamamah@hotmail.com
Premises
Subject operates
from a small suite of offices and a factory that are rented and located in the
Industrial Area of Riyadh.
Name Position
·
bdulaziz
Abdullah Saeed Balbaid Proprietor
& General Manager
·
Hassan
Al Desouki Assistant
General Manager
Date of Establishment : 13/01/1427
Hijri (corresponding to 11th February 2006)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010216084
Riyadh
Chamber Member No. : 171881
Invested Capital
: SR 285,000
Mr Abdulaziz
Abdullah Saeed Balbaid is the sole proprietor of the business.
Activities: Engaged in the manufacture of boxes and
paper bags for packaging of cakes, sweets and chocolates.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a workforce
of 27 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 12,820,000 SR 13,500,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Hassan Al Desouki, Assistant General Manager
·
National
Commercial Bank
Airport Road
PO Box: 2800
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
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.