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Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
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Name : |
BRANCH OF ABDUL
AZIZ M H ALSHAYA TRADING CO LTD |
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Registered Office : |
Ring Road, Exit
No. 12, Riyadh |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
01.02.2012 |
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Com. Reg. No.: |
4030222297, Jeddah |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Distributors and installers of shelving, racking, storage systems and refrigeration equipment. |
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No. of Employees : |
45 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
New Business |
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Payment Behaviour : |
Usually correct |
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Litigation : |
--- |
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) |
|
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 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.
|
Source : CIA |
Company Name : BRANCH OF
ABDUL AZIZ M H ALSHAYA TRADING CO LTD
Country of Origin : Saudi
Arabia
Legal Form :
Limited Liability Company
Registration Date : 1st
February 2012
Commercial
Registration Number : 4030222297,
Jeddah
Chamber Membership
Number : 102373
Issued Capital : SR
500,000
Paid up Capital : SR
500,000
Total Workforce : 45
Activities :
Distributors and installers of shelving, racking, storage systems and
refrigeration equipment.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Talal
Jamsheed, Assistant General Manager
BRANCH OF ABDUL
AZIZ M H ALSHAYA TRADING CO LTD
Location : Ring Road, Exit No. 12
Town : Riyadh
Country : Saudi Arabia
Telephone : (966-1) 2570920
Facsimile : (966-1) 2089028
Email : rsd.ksa@alshayatrading.com / shayaisd@nesma.net.sa
Physical Address
Street : Ali Murtada
Street
Area : Al Naseem
District
PO Box : 18378
Town : Jeddah 21415
Country : Saudi Arabia
Telephone : (966-2) 6401426
/ 6401409
Facsimile : (966-2)
6400051
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Riyadh.
Name Nationality Position
·
Abdulaziz
Mohamed Homoud Al Shaya Kuwaiti Managing
Director
·
Homoud
Mohamed Homoud Al Nafie Kuwaiti Director
·
Sami
Mohamed Homoud Al Nafie Kuwaiti Director
·
Mohamed
Abdullatif Al Shaya Kuwaiti Director
·
Abdullah
Abdullatif Al Shaya Kuwaiti Director
·
Ayman
Abdullatif Al Shaya Kuwaiti Director
·
Mohamed
Abdulaziz Al Shaya Kuwaiti Director
·
Farzan
Rizvi - General
Manager
·
Hussam
Majour - Sales
Manager
·
Santosh
Subramaniam - Financial
Manager
·
Talal Jamsheed - Assistant
General Manager
Date of Establishment : 08/03/1433
Hijri (corresponding to 1st February 2012)
Legal Form :
Limited Liability Company
Commercial Reg. No. : 4030222297,
Jeddah
Chamber Member No. : 102373
Issued Capital : SR 500,000
Paid up Capital : SR 500,000
·
Abdulaziz
Mohamed Homoud Al Shaya
·
Homoud
Mohamed Homoud Al Nafie
·
Sami
Mohamed Homoud Al Nafie
·
Mohamed
Abdullatif Al Shaya
·
Abdullah
Abdullatif Al Shaya
·
Ayman
Abdullatif Al Shaya
·
Mohamed
Abdulaziz Al Shaya
·
M H Al
Shaya Co
Kuwait
·
Mohamed
Homoud Al Shaya Co
Dubai
United Arab Emirates
Activities: Engaged in the import, distribution and
installation of shelving, racking, storage systems and
refrigeration equipment.
Import
Countries: Italy
International
Suppliers:
·
Cefla
SC Italy
Subject has a
workforce of 45 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
National
Commercial Bank
King Abdul Aziz Street
PO Box: 3555
Jeddah 21481
Tel: (966-2) 6446644
Fax: (966-2) 6446644
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.54.37 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.