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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
SAUDI CRAWFORD DOORS FACTORY LTD |
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Registered Office : |
Industrial Area, Phase II, P O Box 25960, Riyadh 11476 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
07.07.2007 |
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Com. Reg. No.: |
1010068540, Riyadh |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of overhead sectional doors, folding doors, high speed doors and vertical lifting fabric doors, as well as docking systems. |
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No. of Employees : |
60 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Saudi
Arabia |
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 : SAUDI CRAWFORD DOORS FACTORY LTD
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Company
Registration Date : 7th July 2007
Commercial Registration Number : 1010068540, Riyadh
Chamber Membership Number : 14508
Issued Capital : SR 2,000,000
Paid up Capital : SR 2,000,000
Total Workforce : 60
Activities : Manufacturers of overhead sectional doors, folding doors, high
speed doors and vertical lifting fabric doors, as well as docking systems.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
SAUDI CRAWFORD
DOORS FACTORY LTD
Registered &
Physical Address
Location : Industrial Area, Phase II
PO Box : 25960
Town : Riyadh 11476
Country : Saudi Arabia
Telephone : (966-1) 2652225
Facsimile : (966-1) 2652226
Email : doors@crawforddoor.com.sa
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Riyadh.
Name Position
·
Mahmoud
Noor Al Maliki Chief
Executive Officer
·
Abdulrahman Abdullah Abdulrahman Al Mohaisen General
Manager
·
Ali
Zeidan Finance
Manager
Date of Establishment : 21/06/1428
Hijri (corresponding to 7th July 2007)
Legal Form :
Limited Liability Company
Commercial Reg. No. : 1010068540,
Riyadh
Chamber Member No. : 14508
Issued Capital : SR 2,000,000
Paid up Capital : SR 2,000,000
Name of Shareholder
(s) Percentage
·
Heirs of the late Dr Abdullah Abdulrahman Al Mohaisen 60%
·
Crawford
Group AB 40%
Sweden
Activities: Engaged in the manufacture of overhead
sectional doors, folding doors, high speed doors and vertical
lifting fabric doors, as well
as docking systems.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a
workforce of 60 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 12,400,000 SR 14,000,000
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
Malaz Branch
PO Box: 42536
Tel: (966-1) 4776450
Fax: (966-1) 4769502
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.07 |
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UK Pound |
1 |
Rs.89.54 |
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Euro |
1 |
Rs.72.77 |
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 |
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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.