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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MOHAMED ABDULLA
BAZAID TRADING ESTABLISHMENT |
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Registered Office : |
Corniche Commercial
Centre, Office 833, 24265, Jeddah 21446 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.03.1974 |
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Com. Reg. No.: |
4030008135,
Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and
retail of readymade garments and textiles for ladies |
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No. of Employees : |
10 |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Saudi Arabia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 : MOHAMED ABDULLA BAZAID
TRADING ESTABLISHMENT
Country of Origin : Saudi
Arabia
Legal Form :
Sole Proprietorship
Registration Date : 14th
March 1974
Commercial
Registration Number :
4030008135, Jeddah
Chamber Membership
Number : 16326
Invested Capital : SR 75,000
Total Workforce : 10
Activities :
Wholesale and retail of readymade garments and textiles for ladies.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
MOHAMED ABDULLA
BAZAID TRADING ESTABLISHMENT
Location : Corniche Commercial Centre, Office
833
PO Box : 24265
Town : Jeddah 21446
Country : Saudi Arabia
Telephone : (966-2) 6454266 / 6454366
Facsimile : (966-2) 6445066
Email : mab-bazaid@hotmail.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Jeddah.
Name Position
·
Mohamed
Abdullah Saeed Bazaid Proprietor
& General Manager
·
Abdullah
Mohamed Abdullah Bazaid Assistant
General Manager
·
Abdulrahman
Mohamed Abdullah Bazaid Sales
Manager
Date of Establishment : 20/02/1394
Hijri (corresponding to 14th March 1974)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030008135,
Jeddah
Chamber Member No. : 16326
Invested Capital
: SR 75,000
Mr Mohamed Abdullah
Saeed Bazaid is the sole proprietor of the business.
Activities: Engaged in the wholesale and retail of
readymade garments and textiles for ladies.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 10 employees.
Financial
highlights provided by local sources are given below:
Currency: Saudi
Riyals (SR)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales SR
14,550,000 SR
15,700,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
National Bank
Madinah Road
PO Box: 9463
Jeddah 21413
Tel: (966-2) 6600272
Fax: (966-2) 6650202
No complaints
regarding subject’s payments have been reported.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.61 |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.