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Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
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Name : |
AL THEYAB MARKETING CO LTD |
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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 : |
22.09.1992 |
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Com. Reg. No.: |
1010100436, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Wholesale and retail of general foodstuff products |
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No. of Employees : |
50 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
Saudi Arabia
- ECONOMIC OVERVIEW
Saudi Arabia
has an oil-based economy with strong government controls over major economic
activities. It possesses about one-fifth of the world's proven petroleum reserves,
ranks as the largest exporter of petroleum, and plays a leading role in OPEC.
The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP,
and 90% of export earnings. Saudi Arabia is encouraging the growth of the
private sector in order to diversify its economy and to employ more Saudi
nationals. Diversification efforts are focusing on power generation,
telecommunications, natural gas exploration, and petrochemical sectors. Almost
6 million foreign workers play an important role in the Saudi economy,
particularly in the oil and service sectors, while Riyadh is struggling to
reduce unemployment among its own nationals. Saudi officials are particularly
focused on employing its large youth population, which generally lacks the
education and technical skills the private sector needs. Riyadh has
substantially boosted spending on job training and education, most recently
with the opening of the King Abdallah University of Science and Technology -
Saudi Arabia''s first co-educational university. As part of its effort to
attract foreign investment, Saudi Arabia acceded to the WTO in December 2005
after many years of negotiations. The government has begun establishing six
"economic cities" in different regions of the country to promote
foreign investment and plans to spend $373 billion between 2010 and 2014 on
social development and infrastructure projects to advance Saudi Arabia''s
economic development.
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Source : CIA |
Company Name : AL THEYAB MARKETING CO LTD
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 22nd September 1992
Commercial Registration Number : 1010100436, Riyadh
Chamber Membership Number : 45958
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Total Workforce : 50
Activities : Wholesale and retail of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Al Tayeb Madani, Purchasing Manager
AL THEYAB MARKETING
CO LTD
Registered &
Physical Address
Street : Abu Obaidah Bin Al Jerrah
Street
Area : Al Soli Industrial Area, Exit
No.16
PO Box : 59382
Town : Riyadh 11525
Country : Saudi Arabia
Telephone : (966-1) 2411113 / 2415342 / 2410290 /
4930707
Facsimile : (966-1) 2414390
Email : altheyabmc@hotmail.com / altheyabm@zajil.net
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Riyadh.
Branch Office (s)
Location Description
·
Al Mahjer Area Showroom
premises
Jeddah
Tel: (966-2) 6355233
·
Dammam Showroom premises
Tel: (966-50) 6442911
·
Qassim Showroom premises
·
Khamis
Mushait Showroom premises
Name Position
·
Fahad Saleh Al Hosan Managing
Partner
·
Khalid
Hamoud Al Theyab Partner
·
Al
Tayeb Madani Purchasing
Manager
·
Ismail
Ghonaim Commercial
Manager
·
Mohamed
Sayed Attiya Financial
Manager
·
Shareed
Al Feshawi Commercial
Manager (Dammam & Qassim)
Date of Establishment : 25/03/1413 Hijri (corresponding to 22nd
September 1992)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 1010100436,
Riyadh
Chamber Member No. : 45958
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
·
Fahad
Al Hosan
·
Khalid
Houmd Al Theyab
·
Al
Theyab Holding Co
Riyadh
Tel: (966-1) 4774277
Activities: Engaged in the wholesale and retail of
general foodstuff products, including lentils, soya, spices, tea, sugar and
jam.
Import
Countries: Europe, Sri
Lanka, India and Thailand.
Brand Names: ALWALEED
Operating Trend: Steady
Subject has a
workforce of 50 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 21,000,000 SR 22,300,000
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
Malaz Branch
PO Box: 42536
Riyadh 11551
Tel: (966-1) 4776450
Fax: (966-1) 4769502
No complaints
regarding subject’s payments have been reported.
Established in 1992,
subject is involved in the wholesale and retail of general foodstuff products,
including lentils, soya, spices, tea, sugar and jam.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.97 |
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UK Pound |
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
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 |
---- |
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.