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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ALAA INTERNATIONAL FOR CHEMICALS |
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Registered Office : |
Al Khalidaya
Area, P O Box 9998, Dammam 31423 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
23.02.1999 |
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Com. Reg. No.: |
2050034657, Dammam |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of chemical process additives, catalysts and
chemicals |
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No. of Employees : |
45 |
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 : |
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
|
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 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : ALAA INTERNATIONAL FOR CHEMICALS
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 23rd February 1999
Commercial Registration Number : 2050034657, Dammam
Chamber Membership Number : 89949
Issued Capital : SR 1,000,000
Paid up Capital : SR 1,000,000
Total Workforce : 45
Activities : Distributors of chemical process additives, catalysts and chemicals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ALAA INTERNATIONAL
FOR CHEMICALS
Registered &
Physical Address
Location : Al Khalidaya Area
PO Box : 9998
Town : Dammam 31423
Country : Saudi Arabia
Telephone : (966-3) 8470033 / 8474221
Facsimile : (966-3) 8470077 / 8470636
Email : afk@afi.com.sa
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Dammam.
Name Position
·
Ibrahim
Ali Al Roshoody Managing
Partner
·
Abdul
Fattah Al Khala Chief
Executive Officer
·
Jaber
Al Magaadi General
Manager
Date of Establishment : 07/11/1419
Hijri (corresponding to 23rd February 1999)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 2050034657,
Dammam
Chamber Member No. : 89949
Issued Capital : SR 1,000,000
Paid up Capital : SR 1,000,000
Name of Partner
(s)
·
Ibrahim
Ali Al Roshoody
·
Alaa
International For Trading & Services Co
Dammam
·
Alaa
Industrial Company
·
AFI
Technologies
·
Alaa
Industrial Equipment Factory Co
·
Alaa
International Rubber and Gasket Factory Co
·
Alaa
International Contracting Co
·
Gulf
Places for Industrial Gases Company
·
Alaa International
Equipment Rental Co
·
Alaa
Printing Technology
·
Alaa
AES Mechanical Seal
·
Alaa
International Real Estate Investment Co
Activities: Engaged in the import and distribution of
chemical process additives, catalysts and chemicals for the
Petrochemical and various
other industries.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 45 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 13,380,000 SR 13,900,000
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: 13
Dammam 31411
Tel: (966-3) 8331188
Fax: (966-3) 8336058
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.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 |
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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 |
|
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.