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Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
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Name : |
RADYA INTERNATIONAL |
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Registered Office : |
Al Rayyan Street,
Exit No. 14, P O Box 61891, Riyadh
11575 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
05.03.2013 |
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Com. Reg. No.: |
1010248980, Riyadh |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of electrical products |
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No. of Employees : |
65 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 : RADYA INTERNATIONAL
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : 5th March 2013
Commercial Registration Number : 1010248980, Riyadh
Chamber Membership Number : 67505
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Total Workforce : 65
Activities : Distributors of electrical products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
RADYA INTERNATIONAL
Registered &
Physical Address
Location : Al Rayyan Street, Exit No. 14
PO Box : 61891
Town : Riyadh 11575
Country : Saudi Arabia
Telephone : (966-11) 4966667 / 4066669
Facsimile : (966-11) 4917919 / 4069691
Email : radya@radya.com.sa / asarang@kfbgroup.com
Premises
Subject operates from
a medium sized suite of offices that are rented and located in the Central
Business Area of Riyadh.
Name Position
·
Khalid
Fahd Al Bouzya Managing
Partner
·
Walid
Khalid Fahd Al Bouzya Partner
·
Wael
Khalid Fahd Al Bouzya General
Manager
·
Ahmed
Nasser Sales
Manager
Date of Establishment : 22/04/1434
Hijri (corresponding to 5th March 2013)
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 1010248980,
Riyadh
Chamber Member No. : 67505
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
Name of Partner (s)
·
Khalid
Fahd Al Bouzya
·
Walid
Khalid Fahd Al Bouzya
·
Saudi
Dol
·
Power
Telecom and Technologies (PTT)
·
Environment
Protection Systems and Equipment Co.
·
Saudi
Federal Transformers (SFTL)
·
MEMF
COTMAC
·
MEMF-ETA
Switchgear Manufacturing Factory
·
KFB
Trading Est (E-Mart)
·
KFB
Contracting
·
Middle
East Meter Manufacturing Factory (MEMF)
Activities: Engaged in the import and distribution of
electrical products.
Import
Countries: Europe and the
Far East.
International
Suppliers:
·
Tempa
Pano San Ve Tic A S Turkey
Subject has a
workforce of 65 employees.
Subject is a newly formed
business and as a result financial information is not currently available.
·
Al
Rajhi Banking & Investment Corporation
PO Box: 28
Riyadh 11411
Tel: (966-1) 4054647 / 4054244
Fax: (966-1) 4044753 / 4052950
No complaints regarding
subject’s payments have been reported.
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
UK Pound |
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
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.