MIRA INFORM REPORT

 

 

 

 

Report Date :           

04.08.2014

 

IDENTIFICATION DETAILS

 

Name :

FRENCH LEATHER FACTORY

 

 

Registered Office :

Al Kharj Old Road, Exit No. 11, P O Box 355405, Riyadh 11383

 

 

Country :

Saudi Arabia

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

29.09.2002

 

 

Com. Reg. No.:

1010181008, Riyadh

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Processors of leather, hides and skins

 

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Saudi Arabia

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : FRENCH LEATHER FACTORY

Country of Origin                                    : Saudi Arabia

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 29th September 2002

Commercial Registration Number            : 1010181008, Riyadh

Chamber Membership Number                : 127197

Invested Capital                                     : SR 500,000

Total Workforce                                     : 35

Activities                                               : Processors of leather, hides and skins.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 150,000

 

 

COMPANY NAME

 

FRENCH LEATHER FACTORY

 

 

Company ADDRESS

 

Registered & Physical Address

Location            : Al Kharj Old Road, Exit No. 11

PO Box             : 355405

Town                 : Riyadh 11383

Country             : Saudi Arabia

Telephone         : (966-1) 8124669 / 8124668 / 8124667

Facsimile          : (966-1) 2651590

Mobile               : (966-50) 5647961

Email                : mail@safranco.net

 

Premises

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Industrial Area of Riyadh.

 

 

KEY PRINCIPALS

 

Name                                              Nationality                               Position

 

·       Roland Atiq                                       Syrian                                       Proprietor & General Manager

 

·       Jan Roland Atiq                                 Syrian                                       Assistant General Manager

 

·       Fadel Roland Atiq                              Syrian                                       Sales Manager

 

·       Hussain Al Zaim                                     -                                          Administration Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 23/07/1423 Hijri (corresponding to 29th September 2002)

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 1010181008, Riyadh

 

Chamber Member No. : 127197

 

Invested Capital           : SR 500,000

Mr Roland Atiq is the sole proprietor of the business.

 

 

AFFILIATED COMPANIES

 

·       Safi Universal Factory

PO Box: 355405

Riyadh 11383

Tel: (966-1) 2651564

Fax: (966-1) 2651590

 

 

OPERATIONS

 

Activities: Engaged in the processing of leather, hides and skins.

 

Import Countries: Europe and the Far East.

 

Operating Trend: Steady

 

Subject has a workforce of 35 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Saudi Riyals (SR)

 

                                                Year Ending 31/12/09:                Year Ending 31/12/10:

 

Total Sales                                SR 11,150,000                           SR 11,900,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Arab National Bank (ANB)

King Faisal Street

PO Box: 56921

Riyadh 11564

Tel: (966-1) 4029000

Fax: (966-1) 4027747

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.60.85

UK Pound

1

Rs.102.69

Euro

1

Rs.81.46

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

 

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