MIRA INFORM REPORT

 

 

 

 

Report Date :           

09.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

GHAZWAN TRADING EST

 

 

Registered Office :

Faysaliah Commercial Centre, P O Box   4347, Jeddah 21491

 

 

Country :

Saudi Arabia

 

 

Date of Incorporation :

25.12.1978

 

 

Com. Reg. No.:

4030039537, Jeddah

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Distributors of general foodstuff products and meat

 

 

No. of Employees :

03

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US$ 20,000

Status :

Small Concern

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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                                     : GHAZWAN TRADING EST

Also Known As                                      : MOUASSASSAT GHAZWAN LITTIJARA

Country of Origin                                    : Saudi Arabia

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 25th December 1978

Commercial Registration Number            : 4030039537, Jeddah

Chamber Membership Number                : 144341

Invested Capital                                     : SR 10,000

Total Workforce                                     : 3

Activities                                               : Distributors of general foodstuff products and meat.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 20,000

 

COMPANY NAME

 

GHAZWAN TRADING EST

 

 

ALSO KNOWN AS

 

MOUASSASSAT GHAZWAN LITTIJARA

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Faysaliah Commercial Centre

PO Box             : 4347

Town                 : Jeddah 21491

Country             : Saudi Arabia

Telephone         : (966-2) 6759745

Facsimile          : (966-2) 6759745

 

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Jeddah.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Fahd Salim Jaber Al Mudani Al Hazali                                     Proprietor & General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 25/01/1399 Hijri (corresponding to 25th December 1978)

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 4030039537, Jeddah

 

Chamber Member No. : 144341

 

Invested Capital           : SR 10,000

 

Mr Fahd Salim Jaber Al Mudani Al Hazali is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of general foodstuff products and meat.

 

Subject has a workforce of 3 employees.

 

 

FINANCIAL DATA

 

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.

 

 

BANKERS

 

·       National Commercial Bank

Al Balad Branch

King Abdulaziz Street

PO Box: 5066

Jeddah 21422

Tel: (966-2) 6434777

Fax: (966-2) 6441686

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local sources were unable to make direct contact with the subject and therefore the above information is based on registered data.

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.57

UK Pound

1

Rs.79.57

Euro

1

Rs.66.50

 

 

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.