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Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
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Name : |
ABULJADAYEL BEVERAGES FACTORY |
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Registered Office : |
Attiah Street Industrial City, Phase 5 PO Box 3865
& 660 Jeddah 21481 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
29.12.2004 |
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Com. Reg. No.: |
4030152994, Jeddah |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the production of fruit juices and soft drinks |
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No. of Employees |
830 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Saudi Arabia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SAUDI ARABIA ECONOMIC OVERVIEW
Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 16% 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 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 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 : ABULJADAYEL BEVERAGES FACTORY
Also Known As : ABULJADAYEL BEVERAGES INDUSTRIES INC
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Start Date : 1994
Registration Date : 29th December 2004
Commercial Registration Number : 4030152994, Jeddah
Chamber Membership Number : 14005
Issued Capital : SR 15,000,000
Paid up Capital : SR 15,000,000
Total Workforce : 830
Activities : Production of fruit juices and soft drinks.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Hassan Al Omar, Public Relations Officer
ABULJADAYEL BEVERAGES FACTORY
ABULJADAYEL BEVERAGES INDUSTRIES INC
Street : Attiah
Street
Area : Industrial
City, Phase 5
PO Box : 3865 & 660
Town : Jeddah 21481
Country : Saudi Arabia
Telephone : (966-2) 6828479
/ 6828283 / 6821780 / 6081191 / 6080199 / 6081193 / 6081189
Facsimile : (966-2) 6828394
/ 6081195 / 6081620
Email : beverage@abuljadayel.com
/ export@ab.com.sa
Subject operates from a large suite of offices, a factory and
warehousing that are owned and located in the Industrial Area of Jeddah.
Name Position
· Ahmed Anwar Asaad Abuljadayel Managing
Partner
· Nizar Anwar Asaad Abuljadayel Partner
· Taha Anwar Asaad Abuljadayel Partner
· Sheikh Abdullah Anwar Asaad Abuljadayel Partner
· Loay Nazir Abuljadayel General
Manager
· Ibrahim Al Wardani Finance
Manager
· Nedal Hasriyat Purchasing
Manager
· Alaa Al Nimer Sales
Manager
· Khalid Ba Munzer Administration
Manager
· Hassan Al Omar Public
Relations Officer
Date of
Establishment : Subject’s
operations date back to 1994, however it was registered on 17/11/1425 Hijri
(corresponding to
29th December 2004)
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 4030152994, Jeddah
Chamber Member No. : 14005
Issued Capital : SR 15,000,000
Paid up Capital : SR 15,000,000
· Ahmed Abuljadayel
· Nizar Abuljadayel
· Taha Abuljadayel
· Sheikh Abdullah
Abuljadayel
· Abuljadayel Co for
Contracting & Maintenance
PO Box: 4536
Jeddah
Tel:
(966-2) 6728216 / 6727807
Fax:
(966-2) 6727965
· Musfufah Commercial Holding Co
Industrial City
PO Box: 3865
Jeddah 21481
Tel: (966-2)
6081191 / 6081189
Fax: (966-2)
6081195
CR No. 4030145458
· Abujadayel International Aluminium & Container Factory
Jeddah
Activities: Engaged in the production of fruit juices and soft drinks.
Import Countries: Germany, Greece, France, Italy, Spain and the United
States of America.
Brand Names: BISON, EXXIR, PASHA, SINALCO, STONE COLA and
CAESAR
Subject has a workforce of approximately 830 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.
·
National Commercial Bank
Al Balad Branch
King Abdulaziz
Street
PO Box: 5066
Jeddah 21422
Tel: (966-2)
6434777
Fax: (966-2)
6441686
·
Arab National Bank (ANB)
Madinah Road
PO Box: 9463
Jeddah 21413
Tel: (966-2) 6600272
Fax: (966-2) 6650202
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.59.34 |
|
|
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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 |
|
|
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 |
-- |
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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.