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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
POWERS TRADING EST |
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Registered Office : |
Bareed District, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.01.2000 |
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Com. Reg. No.: |
2050035818, Dammam |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Roasting and distribution of nuts and snacks as well as grinding of spices and packaging of rice |
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No. of Employees : |
21 |
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : POWERS TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 15th January 2000
Commercial Registration Number : 2050035818, Dammam
Chamber Membership Number : 46868
Invested Capital : SR 170,000
Total Workforce : 21
Activities : Roasting and distribution of nuts and snacks as well as grinding of
spices and packaging of rice.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Abrar Al Huq, Assistant General Manager.
POWERS TRADING EST
Registered &
Physical Address
Location : Bareed District
PO Box : 60595 & 60446
Town : Dammam 31555
Country : Saudi Arabia
Telephone : (966-3) 8333074
Facsimile : (966-3) 8384837
Mobile : (966-50) 0673729
Email : powersfood@gmail.com
Premises
Subject operates
from a medium sized suite of offices and a roasting plant that are rented and
located in the Industrial Area of Dammam.
Branch Office
(s)
Location Description
·
Dammam Sales
Office
·
Riyadh Sales
Office
Name Position
·
Riaz
Zaid Abdullah Al Zaid Proprietor
& General Manager
·
Abrar
Al Huq Assistant
General Manager
Date of Establishment : 09/10/1420
Hijri (corresponding to 15th January 2000)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 2050035818,
Dammam
Chamber Member No. : 46868
Invested Capital
: SR 170,000
Mr Riaz Zaid
Abdullah Al Zaid is the sole proprietor of the business.
Activities: Engaged in the import, roasting and
distribution of nuts and snacks as well as grinding of spices and
packaging of rice.
Import
Countries: Pakistan.
International
Suppliers:
·
Sanfaz
Food Industries Pakistan
Brand Names: ABU KHAYAM, & SANFAZ
Operating Trend: Steady
Subject has a
workforce of 21 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 8,770,000 SR 9,400,000
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
PO Box: 13
Dammam 31411
Tel: (966-3) 8331188
Fax: (966-3) 8336058
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.55.26 |
|
UK Pound |
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.