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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AL SHAREEF FACTORY FOR CARTON CONTAINERS |
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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 : |
14.12.1985 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Production of cartons, containers and duplex boxes |
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No. of Employees : |
95 |
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) |
|
Saudi
Arabia |
A2 |
A2 |
|
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 : AL SHAREEF FACTORY FOR CARTON CONTAINERS
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 14th December 1985
Commercial Registration Number : 1010061353, Riyadh
Chamber Membership Number : 41862
Invested Capital : SR 5,000,000
Total Workforce : 95
Activities : Production of cartons, containers and duplex boxes
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Shimka Fernandes, Chief Financial Officer
AL SHAREEF FACTORY
FOR CARTON CONTAINERS
Registered &
Physical Address
Location : Second Industrial City, Azizyiah
District
PO Box : 1497
Town : Riyadh 11431
Country : Saudi Arabia
Telephone : (966-1) 4982071 / 4989944 / 4982114 /
4980233
Facsimile : (966-1) 4980294
Mobile : (966-50) 5488354
Email : shareefpack@hotmail.com / info@shareefpack.com
Premises
Subject operates
from a medium sized suite of offices, a warehouse and a factory covering an
area of 11,250 sqm that are owned and located in the Industrial Area of Riyadh.
Name Position
·
Abdullah
Bin Ali Al Shareef Proprietor
& General Manager
·
Hassan
Abdullah Bin Ali Al Shareef Assistant
General Manager
·
Shimka Fernandes Chief
Financial Officer
·
Ali
Salem Finance
Manager
Date of Establishment : 02/04/1406
Hijri (corresponding to 14th December 1985)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010061353,
Riyadh
Chamber Member No. : 41862
Invested Capital
: SR 5,000,000
Mr Abdullah Al
Shareef is the sole proprietor of the business.
·
Al
Shareef Advertising & Printing
PO Box: 1497
Riyadh 11431
Tel: (966-1) 4989944
Fax: (966-1) 4980294
CR No. 1010006751
Activities: Engaged in the production of cartons,
containers and duplex boxes.
Production Capacity
: 1,000 metric tonnes per annum
Import
Countries: Germany, France
and Italy.
Clients:
·
Al
Marai Co Riyadh
·
Kodo
Fast Food Riyadh
Operating Trend: Steady
Subject has a
workforce of 95 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 24,100,000 SR 21,750,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Shimka Fernandes,
Chief Financial Officer
·
National
Commercial Bank
Airport Road
PO Box: 2800
Riyadh 11461
Tel: (966-1) 4772281
Fax: (966-1) 4730322
·
Saudi
American Bank
PO Box: 833
Riyadh 11471
Tel: (966-1) 4774770
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
---- |
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.