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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.10.1983 |
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Com. Reg. No.: |
2257011588, Al Ahsa |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Printers of packaging materials |
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No. of Employees : |
350 |
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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 :
Country of Origin :
Legal Form : Limited Liability Company
Registration Date : 15th October 1983
Commercial Registration Number : 2257011588, Al Ahsa
Chamber Membership Number : 11377
Issued Capital : SR 51,000,000
Paid up Capital : SR 51,000,000
Total Workforce : 350
Activities : Printers of packaging materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Jamal Abdulaziz Diab, Finance Manager
Registered &
Physical Address
Street :
Area : Al Ayoun Industrial City
PO Box : 287
Town : Al Ahsa 31982
Country :
Telephone : (966-3) 5876180 / 5331414
Facsimile : (966-3) 5870343 / 5331357
Email : gamaldiab@aljawadgroup.net / mazim_press@aljawadgroup.net
Premises
Subject operates
from a large suite of offices, a warehouse and a factory that are rented and
located in the Industrial Area of Al Ahsa.
Name Position
·
Ahmed Jawad
Al Kharz General
Manager
·
Jamal
Abdulaziz Diab Finance
Manager
·
Mohamed
Abdulazim Commercial Manager
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Muneer
Al Islam Public
Relations Manager
Date of Establishment : 09/01/1404
Hijri (corresponding to 15th October 1983)
Legal Form :
Limited Liability Company
Commercial Reg. No. : 2257011588,
Al Ahsa
Chamber Member No. : 11377
Issued Capital : SR 51,000,000
Paid up Capital : SR 51,000,000
Name of Partner (s) Percentage
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Al Jawad Trading, Industry & Contracting Co 100%
PO Box: 287
Al Ahsa
Tel: (966-3) 5876180
Fax: (966-3) 5870343
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Al
Jawad Plastic & Polypropylene Factory
PO Box: 24017
Al Ahsa 31982
Tel: (966-3) 5331666
Fax: (966-3) 5341199
CR No. 2257016630
·
Al Jawad
Food Industries
Al Ahsa
CR No. 2251010397
·
Al
Jawad Contracting Co
Al Ahsa
·
Techno
Plast Factory
Al Ahsa
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Al
Jawad Travel Agency
Al Ahsa
Activities: Engaged
in the printing of packaging materials.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of approximately 350 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 138,600,000 SR
145,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Jamal Abdulaziz Diab, Finance Manager
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National
Commercial Bank
Batha Branch
PO Box: 34
Tel: (966-1) 4010076 / 4025084
Fax: (966-1) 4034625
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Al
Rajhi Banking & Investment Corporation
Al Hasa
Tel: (966-3) 5877071
Fax: (966-3) 5866926
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.46 |
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UK Pound |
1 |
Rs.86.27 |
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Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
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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.