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Report Date : |
09.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AL KHOMRI GROUP FOR HOTELS HAJ & UMARAH |
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Registered Office : |
Dawodiah Complex,
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Country : |
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Date of Incorporation : |
28.01.1985 |
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Com. Reg. No.: |
4650009725, Al Madinah Al Munawara |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject operates several divisions · Umarah & Haj Services Hotel
Division |
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No. of Employees : |
75 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : AL KHOMRI GROUP FOR HOTELS HAJ & UMARAH
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 28th January 1985
Commercial Registration Number : 4650009725, Al Madinah Al Munawara
Chamber Membership Number : 18725
Invested Capital : SR 1,000,000
Total Workforce : 75
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Naji A Sawi, Financial Controller
AL KHOMRI GROUP FOR
HOTELS HAJ & UMARAH
Registered &
Physical Address
Location : Dawodiah Complex
PO Box : 55 & 5969
Town : Al Madinah Al Munawara 41341
Country : Saudi Arabia
Telephone : (966-4) 8158460
Facsimile : (966-4) 8158466
Mobile : (966-56) 5965963 / (966-50)
4354119
Email : info@alkhomri.com.sa
Premises
Subject operates from
a medium sized suite of offices that are rented and located in the Central
Business Area of Madinah Al Munawara.
Name Position
·
Abdullah
Omar Mohamed Al Khomri Proprietor
& General Manager
·
Maijd
Abdullah Omar Mohamed Al Khomri Assistant
General Manager
·
Naji A
Sawi Financial
Controller
·
Mohamed
Al Jabry Public
Relations Manager
Date of Establishment : 07/05/1405
Hijri (corresponding to 28th January 1985)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4650009725,
Al Madinah Al Munawara
Chamber Member No. : 18725
Invested Capital
: SR 1,000,000
Mr Abdullah Omar
Mohamed Al Khomri is the sole proprietor of the business.
Activities: Subject’s operations are performed through
the following divisions:
·
Umarah
& Haj Services
Providers of visa services for
Umarah and Haj.
·
Hotel
Division
Engaged as owners and operators of the following hotels, Alkhomri Tabah Hotel,
Fayrozia Alkhomri Hotel, Alkhomri Hala Hotel, Alkhomri Dar AI Eman Hotel and
Alkhomri Dar AI Akhiar Hotel.
Subject has a
workforce of 75 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.
·
Arab
National Bank
PO Box: 2443
Al Madina Al Munawara
Tel: (966-4) 8237144
Fax: (966-4) 8251312
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
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UK Pound |
1 |
Rs.86.09 |
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Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.