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Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
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Name : |
DAR ALLOZAN EST |
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Registered Office : |
Al Hefini Centre,
Al Dhahab Street, Al Balad District, P O Box 22969, Jeddah 21416 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
30.03.2001 |
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Com. Reg. No.: |
4030133215, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail
of textiles and readymade garments |
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No. of Employees : |
08 |
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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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Saudi
Arabia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 : DAR ALLOZAN EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 30th March 2001
Commercial Registration Number : 4030133215, Jeddah
Chamber Membership Number : 78557
Invested Capital : SR 60,000
Total Workforce : 8
Activities : Wholesale and retail of textiles and readymade garments.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
DAR ALLOZAN EST
Registered &
Physical Address
Building : Al Hefini Centre
Street : Al Dhahab Street
Area : Al Balad District
PO Box : 22969
Town : Jeddah 21416
Country : Saudi Arabia
Telephone : (966-2) 6474282
Facsimile : (966-2) 6474060 / 6270717
Email : darlozan@yahoo.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.
Name Position
·
Ms
Amana Mohamed Saeed Proprietor
·
Fahd
Ghaleb Mahyoub General
Manager
·
Sulaiman
Abdullah Sales
Manager
Date of Establishment : 06/01/1422
Hijri (corresponding to 30th March 2001)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030133215,
Jeddah
Chamber Member No. : 78557
Invested Capital
: SR 60,000
Ms Amana Mohamed
Saeed is the sole proprietor of the business.
·
Dar
Allozan International Marketing Co
Al Hefini Centre
Al Dhahab Street
Al Balad District
PO Box: 22969
Jeddah 21416
Tel: (966-2) 6474282
Fax: (966-2) 6474060 / 6270717
Activities: Engaged in the wholesale and retail of
textiles and readymade garments.
Import
Countries: Europe and the Far
East.
Operating Trend: Steady
Subject has a
workforce of 8 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 9,800,000 SR 10,300,000
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
PO Box: 18656
Jeddah 21425
Tel: (966-2) 6368224
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.