MIRA INFORM REPORT

 

 

Report Date :           

12.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

ABDUL SAMAD ABDUL HAMID AL ARZOUQI EST

 

 

Registered Office :

Bab Makkah District, P O Box 17807, Jeddah 21494

 

 

Country :

Saudi Arabia 

 

 

Date of Incorporation :

15.04.2011

 

 

Com. Reg. No.:

4030120649, Jeddah

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale and retail of readymade garments and textiles

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New concern

 

 

Payment Behaviour :

Unknown

 

 

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                                     : ABDUL SAMAD ABDUL HAMID AL ARZOUQI EST

Country of Origin                                    : Saudi Arabia

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 15th April 2011

Commercial Registration Number            : 4030120649, Jeddah

Chamber Membership Number                : 62682

Invested Capital                                     : SR 25,000

Total Workforce                                     : 15

Activities                                               : Wholesale and retail of readymade garments and textiles.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                 : Abdul Khaliq Khan Abdullah, Assistant General Manager

COMPANY NAME

 

ABDUL SAMAD ABDUL HAMID AL ARZOUQI EST

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Bab Makkah District

PO Box             : 17807

Town                 : Jeddah 21494

Country             : Saudi Arabia

Telephone         : (966-2) 6430231 / 6431964

Facsimile          : (966-2) 6431072

Mobile               : (966-50) 670130

Email                : arzougi_4000@yahoo.com

 

Premises

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

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Madinah                                                                                           Showroom premises

Tel: (966-4) 8292827

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Abdul Samad Abdul Hamid Al Arzouqi Bukhari                                    Proprietor & General Manager

·       Abdul Khaliq Khan Abdullah                                                               Assistant General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 12/05/1432 Hijri (corresponding to 15th April 2011)

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 4030120649, Jeddah

 

Chamber Member No. : 62682

 

Invested Capital           : SR 25,000

 

Mr Abdul Samad Abdul Hamid Al Arzouqi Bukhari is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged in the wholesale and retail of readymade garments and textiles.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 15 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Arab National Bank

Madinah Road

PO Box: 9463

Jeddah 21413

Tel: (966-2) 6600272

Fax: (966-2) 6650202

 

 

PAYMENT HISTORY

 

Unknown

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.79.00

Euro

1

Rs.66.18

 

 

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.