MIRA INFORM REPORT

 

 

Report Date :

10.08.2012

 

IDENTIFICATION DETAILS

 

Name :

AL HALA TRADING ESTABLISHMENT

 

 

Registered Office :

Al Adel Al Waez Street, Al Malaz District, P O Box 1011, Riyadh 11431

 

 

Country :

Saudi Arabia 

 

 

Date of Incorporation :

19.01.1975

 

 

Com. Reg. No.:

1010008685, Riyadh

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Ceased Trading

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Ceased Trading

 

 

Payment Behaviour :

Unknown

 

 

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

 

 

SUMMARY

 

Company Name                                     : AL HALA TRADING ESTABLISHMENT

Country of Origin                                    : Saudi Arabia

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 19th January 1975

Commercial Registration Number            : 1010008685, Riyadh

Chamber Membership Number                : 8638

Activities                                               : Ceased trading

Financial Condition                                 : Undetermined

Person Interviewed                                 : Diya Eddine Al Kabani, Assistant General Manager

 

COMPANY NAME

 

AL HALA TRADING ESTABLISHMENT

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Al Adel Al Waez Street

Area                 : Al Malaz District

PO Box             : 1011

Town                 : Riyadh 11431

Country             : Saudi Arabia

Telephone         : (966-1) 4029107

Facsimile          : (966-1) 4025525

Mobile               : (966-50) 5460533

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Hala Medhat Sheikh Al Ard                                                                Proprietor

·       Gayas Eddine Al Kabani                                                                    General Manager

·       Diya Eddine Al Kabani                                                                       Assistant General Manager

·       Faisal Diya Eddine Al Kabani                                                             Sales Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 06/01/1395 Hijri (corresponding to 19th January 1975)

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 1010008685, Riyadh

 

Chamber Member No. : 8638

 

Mrs Hala Medhat Sheikh Al Ard is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Subject has ceased trading.

 

 

FINANCIAL DATA

 

Companies registered in Saudi Arabia are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

GENERAL COMMENTS

 

Local informants spoke to Diya Eddine Al Kabani, Assistant General Manager who confirmed that the company has ceased trading.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.17

UK Pound

1

Rs.86.43

Euro

1

Rs.68.27

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.