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Report Date : |
24.01.2014 |
IDENTIFICATION DETAILS
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Name : |
OMAR OBOUD MOHAMMED AL AMOUDI EST |
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Registered Office : |
East Express Highway,
P O Box 2919, Jeddah 21461 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
31.07.1990 |
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Com. Reg. No.: |
4030072069, Jeddah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
importer
and distributor of building materials, aluminium doors and windows. |
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No. of Employees : |
07 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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.
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Source : CIA |
Company Name : OMAR OBOUD MOHAMMED AL AMOUDI EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 31st July 1990
Commercial Registration Number : 4030072069, Jeddah
Membership Number : 34241
Invested Capital : SR 30,000
Total Workforce : 7
Activities : Distributors of building materials, aluminium doors and windows
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
OMAR OBOUD MOHAMMED
AL AMOUDI EST
Registered &
Physical Address
Location : East Express Highway
PO Box : 2919
Town : Jeddah 21461
Country : Saudi Arabia
Telephone : (966-12) 6714672
Facsimile : (966-12) 6500775
Mobile : (966-50) 4605068
Please note that
subject’s previous address was, International Economic Tower, 5th
Floor, King Abdullah Street, Western Bughdadia, Jeddah.
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Jeddah.
Name Position
·
Omar
Oboud Mohammed Al Amoudi Proprietor
& General Manager
Date of Establishment : 08/01/1411
Hijri (corresponding to 31st July 1990)
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4030072069,
Jeddah
Membership No. : 34241
Invested Capital
: SR 30,000
Mr Omar Oboud
Mohammed Al Amoudi is the sole proprietor of the business.
Activities: Engaged in the import and distribution of
building materials, aluminium doors and windows.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 7 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.
·
Samba
Financial Group
Tahlia Street
Jeddah
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to contact the subject directly during our investigation.
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.61.99 |
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|
1 |
Rs.102.67 |
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Euro |
1 |
Rs.83.98 |
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 |
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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 |
|
-- |
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.