MIRA INFORM REPORT
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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ZAMIL STEEL CO LLC |
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Registered Office : |
Industrial Area, Phase No. 1, |
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Country : |
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Date of Incorporation : |
24.09.1998 |
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Com. Reg. No.: |
2050034116, Dammam |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of
steel products |
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No. of Employees
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150 |
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 – 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 |
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 :
ZAMIL STEEL CO LLC
Country of Origin :
Saudi Arabia
Legal Form :
Limited Liability Company
Registration Date :
24th September 1998
Commercial Registration Number :
2050034116, Dammam
Chamber Membership Number :
1874
Issued Capital :
SR 10,000,000
Paid up Capital :
SR 10,000,000
Total Workforce :
150
Activities :
Manufacturers of steel products
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
ZAMIL STEEL CO LLC
Registered &
Physical Address
Location : Industrial
Area, Phase No. 1
PO Box : 877
Town : Dammam 31421
Country : Saudi Arabia
Telephone : (966-3) 8471840
/ 8471844
Facsimile : (966-3)
8471291
Email : zamilsteel@zamil.com
Premises
Subject operates from a large suite of offices and a factory that are
rented and located in the Industrial Area of Dammam.
Name Position
Khalid Abdullah Hamad Al Zamil Managing
Director
Ahmed Abdullah Hamad Al Zamil Director
Nawaf Al Zamil Assistant
General Manager
George Oubrosi Marketing
Manager
Mohamed Nabag Accounts
Manager
Date of Establishment : 02/06/1419 Hijri
(corresponding to 24th September 1998)
Legal Form : Limited Liability
Company
Commercial Reg. No. : 2050034116,
Dammam
Chamber Member No. : 1874
Issued Capital : SR 10,000,000
Paid up Capital : SR 10,000,000
Name of Partner
(s) Percentage
Zamil Industrial Investment (ZIIC) 100%
Dammam
Activities: Engaged in the manufacture of steel products.
Import Countries: Europe and the Far East.
Subject has a workforce of approximately 150 employees.
Companies registered in Saudi Arabia are not legally required to make
their accounts public and no financial information was released by the company
or submitted by outside 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.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the company is deemed 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.56.02 |
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1 |
Rs.86.89 |
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Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
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Report Prepared
by : |
SDA |
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.