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MIRA INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
CLARIANT MASTER BATCHES (SAUDI ARABIA) LTD |
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Registered Office : |
Riyadh Industrial Estate, Phase II, PO Box 5882, Riyadh 11432 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.07.1991 |
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Com. Reg. No.: |
1010077483, Riyadh |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture of Master Batches. |
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No. of Employees : |
180 |
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$ 350,000 |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Saudi Arab |
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 : CLARIANT MASTER BATCHES (SAUDI
ARABIA) LTD
Country of Origin :
Saudi Arabia
Legal Form :
Limited Liability Partnership
Registration Date :
14th July 1991
Commercial Registration Number : 1010077483, Riyadh
Chamber Membership Number :
22625
Issued Capital :
SR 26,700,000
Paid up Capital :
SR 26,700,000
Total Workforce :
180
Activities :
Manufacture of master batches.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit :
US$ 350,000
COMPANY NAME
CLARIANT MASTER
BATCHES (SAUDI ARABIA) LTD
COMPANY ADDRESS
Registered & Physical Address
Location : Riyadh
Industrial Estate, Phase II
PO Box : 5882
Town : Riyadh 11432
Country : Saudi Arabia
Telephone : (966-1) 2652828
Facsimile : (966-1)
2651413
Email : info@mulawinat.com / info@clariant.com
Premises
Subject operates from a large suite of offices and a factory that are
rented and located in the Industrial Area of Riyadh.
Branch Offices
Location Description
· Dammam Office
premises
Tel: (966-3) 8974409
· Jeddah Office
premises
Tel: (966-2) 6040005
KEY PRINCIPALS
Name Nationality Position
· Saud Mohamed Ali
Al Shawaf Saudi Managing
Partner
· Dr
Nabil Abi Nader - General
Manager
· Nahed Al Safadi - Assistant
General Manager
· G V Nair - Finance
Manager
· John Luke - Production
Manager
· Andre Awaad - Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 14th
July 1991
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 1010077483, Riyadh
Chamber Member No. : 22625
Issued Capital : SR 26,700,000
Paid up Capital : SR 26,700,000
Name of Partner (s)
· Saud Mohamed Ali
Al Shawaf
· Clariant
International
Switzerland
OPERATIONS
Activities: Engaged in the manufacture of master batches.
Import Countries: Europe and India.
Operating Trend: Steady
Subject has a workforce of approximately 180 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
41,500,000 SR
43,825,000
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
Riyadh 11461
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 company 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.50.28 |
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UK Pound |
1 |
Rs.77.60 |
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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.