MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

NATIONAL FRUIT JUICE CO LTD

 

 

Registered Office :

Ibn Al Haitham Street, First Industrial City, 5310 Dammam 31422

 

 

Country :

Saudi Arabia

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

02.09.1981

 

 

Com. Reg. No.:

2050006053, Dammam

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Production and marketing of fruit juices and soft drinks

 

 

No. of Employees :

89

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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                         : NATIONAL FRUIT JUICE CO LTD

Country of Origin                                    : Saudi Arabia

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 2nd September 1981

Commercial Registration Number            : 2050006053, Dammam

Chamber Membership Number                : 2476

Issued Capital                                        : SR 15,000,000

Paid up Capital                                      : SR 15,000,000

Total Workforce                                     : 89

Activities                                               : Production and marketing of fruit juices and soft drinks

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                         : Steady

 

 

COMPANY NAME

 

NATIONAL FRUIT JUICE CO LTD

 

 

ADDRESS

 

Registered & Physical Address

 

Street              : Ibn Al Haitham Street

Area                 : First Industrial City

 

PO Box             : 5310

 

Town                 : Dammam 31422

Country             : Saudi Arabia

 

Telephone         : (966-3) 8472271 / 8472728 / 8472041

Facsimile          : (966-3) 8471406

Email                : info@nfj-co.com / info@nfjc-ksa.com

 

Premises

 

Subject operates from a medium sized suite of offices, a warehouse and a factory that are owned and located in the Industrial Area of Dammam.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Salah Khalifa Al Gosaibi                                                                    Managing Partner

 

·       Mohamed Khalifa Al Gosaibi                                                              Partner

 

·       Rashid Khalifa Al Gosaibi                                                                   Partner

 

·       Saad Khalifa Al Gosaibi                                                                     Partner

 

·       Bader Khalifa Al Gosaibi                                                                    Partner

 

·       Sami Khalifa Al Gosaibi                                                                     Partner

 

·       Adel Nasser Abdulaziz Al Omair                                                         General Manager

 

·       Dr Micheal Gharious                                                                          Assistant General Manager

 

·       Sunil Varghese                                                                                 Finance Manager

 

·       Bilal Ali Abdo                                                                                                Marketing Manager

 

·       Manawar Ali                                                                                      Sales Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 03/11/1401 Hijri (corresponding to 2nd September 1981)

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 2050006053, Dammam

 

Chamber Member No. : 2476

 

Issued Capital              : SR 15,000,000

 

Paid up Capital            : SR 15,000,000

 

Name of Partner (s)

 

·       Salah Khalifa Al Gosaibi

 

·       Mohamed Khalifa Al Gosaibi

 

·       Rashid Khalifa Al Gosaibi

 

·       Saad Khalifa Al Gosaibi

 

·       Bader Khalifa Al Gosaibi

 

·       Sami Khalifa Al Gosaibi

 

 

AFFILIATED COMPANIES

 

Subject is a member of the Khalifa A. Al Gosaibi group of companies which includes the following concerns:

 

·       Al Gosaibi Diving and Marine

PO Box: 133

Dhahran Airport 31932

Tel: (966-3) 8474444

 

·       Khalifa Al Gosaibi Cold Stores

PO Box: 222

Dammam 31411

Tel: (966-3) 8919595

 

·       Khalifa Al Gosaibi Trading

PO Box: 222

Dammam 31411

Tel: (966-3) 8570000

 

·       Al Gosaibi Services Co

PO Box: 4131

Dammam 31491

Tel: (966-3) 8472444

 

·       Spectrum Chemicals

Doddington Road

Wellingborough

Northamptonshire NN29 7PR

United Kingdom

Tel: (44-1933) 664141

 

·       Construction Material Chemical Industries

PO Box: 4131

Dammam 31491

Tel: (966-3) 8471450

 

·       Arabian Vermiculite Industries

PO Box: 4131

Dammam 31491

Tel: (966-3) 8471450

 

·       National Road Studs Co

PO Box: 817

Dammam 31421

Tel: (966-3) 8571830

 

·       Saudi Road Marking Co

PO Box: 817

Dammam 31421

Tel: (966-3) 8471830

 

·       Sigma Paints Saudi Arabia Ltd

PO Box: 7509

Dammam 31472

Tel: (966-3) 8473100

 

·       Al Gosaibi Information Systems Company (AGIS)

     Dammam Khobar Highway

     PO Box: 4131

     Dammam 31491

     Tel: (966-3) 8570000 / 8574555

     Fax: (966-3) 8587677

     Email: mragel@algosaibi.com.sa

 

·       Khalifa Al Gosaibi Real Estate Development

PO Box: 4131

Dammam 31491

 

·       Al Gosaibi Oil Well Services

PO Box: 4131

Dammam 31491

 

·       Khalifa Al Gosaibi Fisheries

PO Box: 4131

Dammam 31491

 

·       Khalifa Al Gosaibi Contracting

PO Box: 4131

Dammam 31491

 

 

OPERATIONS

 

Activities: Engaged in the production and marketing of fruit juices and soft drinks.

 

Import Countries: Germany, Greece and the United States of America.

 

Brand Names: DANA and JUICANA

 

Operating Trend: Steady

 

Subject has a workforce of 89 employees.

 

 

FINANCIAL DATA

 

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 32,500,000                           SR 33,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

 

 

BANKERS

 

·       National Commercial Bank

PO Box: 13

Dammam 31411

Tel: (966-3) 8331188

Fax: (966-3) 8336058

 

·       Riyad Bank

Prince Mohammed Street

PO Box: 2123

Dammam

Tel: (966-3) 8323440

Fax: (966-3) 8337829

 

·       Al Bank Al Saudi Al Fransi

Dhahran Street

PO Box: 2792

Dammam

Tel: (966-3) 8320957

 

·       Al Bank Al Saudi Al Hollandi

Dhahran Street

PO Box: 70

Dammam

Tel: (966-3) 8323212

 

·       Arab National Bank (ANB)

King Street

PO Box: 18

Dammam 31411

Tel: (966-3) 8323440

Fax: (966-3) 8337829

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.55.98

UK Pound

1

Rs.87.55

Euro

1

Rs.68.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.