|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JOODY INTERNATIONAL PACKAGING |
|
|
|
|
Formerly Known As : |
JOODY PACKAGING |
|
|
|
|
Registered Office : |
Al Khomra Industrial Area |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
16.02.2007 |
|
|
|
|
Com. Reg. No.: |
4030166398, Jeddah |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Production and rewinding of aluminium containers for food and tin foil sheets. |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : JOODY INTERNATIONAL PACKAGING
Also Known As : JOODY PACKAGING
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 16th February 2007
Commercial Registration Number : 4030166398, Jeddah
Chamber Membership Number : 117425
Invested Capital : SR 150,000
Total Workforce : 15
Activities : Production and rewinding of aluminium containers for food and tin foil
sheets.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Dr Hesham Abu Lebbdah, Proprietor & General Manager
JOODY INTERNATIONAL PACKAGING
ALSO KNOWN AS: JOODY PACKAGING
Location : Al Khomra
Industrial Area
PO Box : 42381
Town : Jeddah 21541
Country : Saudi Arabia
Telephone : (966-2) 6085450
/ 6302208 / 5037726
Facsimile : (966-2)
6302208
Mobile : (966-50)
3772674
Subject operates from a small suite of offices and a factory that are
rented and located in the Industrial Area of Jeddah.
Name Position
· Dr Hesham Abu
Lebbdah Proprietor
& General Manager
Date of
Establishment : 16th
February 2007
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4030166398, Jeddah
Chamber Member No. : 117425
Invested Capital : SR 150,000
Dr Hesham Abu Lebbdah is the sole proprietor of the business.
Activities: Engaged in the production and rewinding of aluminium containers for
food and tin foil sheets.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 15 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 7,200,000 SR 7,725,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
National Commercial Bank
Al Balad Branch
King Abdulaziz
Street
PO Box: 5066
Jeddah 21422
Tel: (966-2)
6434777
Fax: (966-2)
6441686
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.