MIRA INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MAHMOOD JAMAN AL GHAMIDI EST |
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Registered Office : |
Ghobirah Street,
Ghobirah Area, P O Box 1879, Riyadh 11441 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.01.2007 |
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Com. Reg. No.: |
1010284972 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of lubricants, grease, automobile oil and spare part |
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No. of Employees
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12 |
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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Maximum Credit Limit : |
US$ 150,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Saudi Arabia
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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 |
SUMMARY
Company Name : MAHMOOD JAMAN AL GHAMIDI EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 18th January 2007
Commercial Registration Number : 1010284972
Chamber Membership Number : 229436
Invested Capital : SR 75,000
Total Workforce : 12
Activities : Distributors of lubricants, grease, automobile oil and spare parts.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
MAHMOOD JAMAN AL GHAMIDI EST
company ADDRESS
Registered &
Physical Address
Street : Ghobirah Street
Area : Ghobirah Area
PO Box : 1879
Town : Riyadh 11441
Country : Saudi Arabia
Telephone : (966-1) 4480119
Facsimile : (966-1) 4466903
Mobile : (966-55) 4112577
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Riyadh.
KEY PRINCIPALS
Name Position
·
Mahmood
Jaman Al Ghamidi Proprietor
& General Manager
·
Mohamed
Abdul Hamid Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 18th
January 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010284972
Chamber Member No. : 229436
Invested Capital
: SR 75,000
Mr Mahmood Jaman Al
Ghamidi is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
lubricants, grease, automobile oil and spare parts.
Import
Countries: Europe and the
Far East.
Brand Names: PETROMIN, SHELL, FOX and GULF
Operating Trend: Steady
Subject has a
workforce of 12 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Saudi
Riyals (SR)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales SR 6,890,000 SR 7,350,000
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
Airport Road
PO Box: 2800
Tel: (966-1) 4772281
Fax: (966-1) 4730322
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 business is
considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.53 |
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UK Pound |
1 |
Rs.77.95 |
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Euro |
1 |
Rs.64.66 |
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.