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Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
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Name : |
SHAWAYA HOUSE CO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.09.1999 |
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Com. Reg. No.: |
1010211000, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
operators of
restaurants. It also distributes sanitary ware and bathroom accessories |
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No. of Employees : |
1200 |
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
Saudi Arabia ECONOMIC OVERVIEW
Saudi Arabia
has an oil-based economy with strong government controls over major economic
activities. It possesses about 17% 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. Over 5 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 2005. 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.
|
Source
: CIA |
Company Name : SHAWAYA HOUSE CO
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 13th September 1999
Commercial Registration Number : 1010211000, Riyadh
Chamber Membership Number : 158750
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Total Workforce : 1,200
Activities : Operators of restaurants.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Magdy Abdul Hamid, Commercial Manager
SHAWAYA HOUSE CO
Registered &
Physical Address
Location : Quraish Street
PO Box : 27882
Town : Riyadh 11427
Country : Saudi Arabia
Telephone : (966-1) 4322326 / 5333711 / 4776333
Facsimile : (966-1) 4322326 / 4773629
Mobile : (966-56) 9363977 / (966-50)
6494512
Email : admin@shawayahouse.com
Please note that subject’s
previous address was, Madinah Al Manawara Road, Exit 28, Riyadh.
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Riyadh.
Branch Offices
Subject operates from approximately 60 fast food restaurants.
Name Position
·
Ahmed
Al Ali Al Munajem Managing
Partner
·
Magdy
Abdul Hamid Commercial
Manager
·
Khalid
Al Otaibi Administration
Manager
·
Mohamed
Al Hadi Purchase
Manager
Date of Establishment : 03/06/1420
Hijri (corresponding to 13th September 1999)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 1010211000,
Riyadh
Chamber Member No. : 158750
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Name of Partner (s)
·
Ahmed
Al Ali Al Munajem
·
Abdullah
A Al Munajem & Sons Co
Al Munajem Building
Sitteen Street
Malaz
PO Box: 2395
Riyadh 11451
Tel: (966-1) 4787933 / 4572787
Fax: (966-1) 4573615 / 4764318
·
Al
Munajem Cold Stores Co
Al Sitteen Street
Al Malaz District
PO Box: 2395
Riyadh 11451
Tel: (966-1) 4755555 / 4787933 / 4572787
Fax: (966-1) 4764318 / 4573615
·
Bureida
Trading & Refrigeration Co
Al Munajem Building
Salahuddin Street
Al Malaz
PO Box: 21809
Riyadh 11485
Tel: (966-1) 4784077 / 4787933
Fax: (966-1) 4793097
Email: info@btr-co.com
·
Gulf
Catering Co
Al Munajem Building
Sitteen Street
Malaz
PO Box: 2395
Riyadh 11451
Tel: (966-1) 4572787
Fax: (966-1) 4764318
·
Arabian
Ostrich Co.
Al Munajem Building
Sitteen Street
Malaz
PO Box: 2395
Riyadh 11451
Tel: (966-1) 4572787
Fax: (966-1) 4764318
·
Saudi
Australian Agricultural Corporation
PO Box: 2395
Riyadh 11451
·
Wellness
PO Box: 250280
Riyadh 11391
Tel: (966-1) 2702911
Fax: (966-1) 2702496
·
Cold
Rooms & Refrigerated Boxes Factory Company
PO Box: 21809
Riyadh 11485
Tel: (966-1) 4711111
Fax: (966-1) 4714388
Activities: Engaged as operators of restaurants. Subject
also distributes sanitary ware and bathroom accessories.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of approximately 1,200 employees.
Companies
registered in Saudi Arabia are not legally required to make their accounts
public and no financial information was released by the company or submitted by
outside sources.
·
Arab
National Bank (ANB)
King Faisal Street
PO Box: 56921
Riyadh 11564
Tel: (966-1) 4029000
Fax: (966-1) 4027747
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
UK Pound |
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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 |
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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 |
|
---- |
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.