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Report Date : |
08.11.2014 |
IDENTIFICATION DETAILS
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Name : |
ISAM MOHAMED
KHAIRI KABBANI PLASTIC AND INSULATION FACTORY |
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Registered Office : |
Industrial Area, 2145, Al Khobar 31952 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
18.06.2011 |
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Com. Reg. No.: |
2050076747, Dammam |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the manufacture of plastic injection moulded products. |
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No of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Saudi Arabia |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 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 :
ISAM MOHAMED KHAIRI KABBANI PLASTIC AND INSULATION
FACTORY
Country of Origin :
Saudi Arabia
Legal Form :
Sole Proprietorship
Registration Date :
18th June 2011
Commercial Registration Number :
2050076747, Dammam
Membership Number :
119935
Invested Capital :
SR 200,000
Total Workforce :
40
Activities :
Manufacturers of plastic injection moulded products.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
ISAM MOHAMED
KHAIRI KABBANI PLASTIC AND INSULATION FACTORY
Location : Industrial
Area
PO Box : 2145
Town : Al Khobar
31952
Country : Saudi Arabia
Telephone : (966-13)
8476501 / 8476502 / 8476503
Facsimile : (966-13)
8471312
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Al Khobar.
Name Position
· Isam Mohamed Khairi Kabbani Proprietor
& General Manager
Date of
Establishment : 18th June
2011
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 2050076747,
Dammam
Membership No. : 119935
Invested Capital : SR 200,000
Mr Isam Mohamed Khairi Kabbani is the sole
proprietor of the business.
· National Marketing
Est
Port Road
PO Box: 16375 /
17931
Jeddah 21464
Tel: (966-12)
6475010 / 6473381
Fax: (966-12)
6474503
Engaged as wholesalers
of UPVC pipes and fittings and a wide range of items and products related to
water, drainage and conduit installation projects. Subject is also engaged in
the distribution and installation of decorative materials.
· Isam Kabbani &
Partners for Waterproofing Materials Co (BMC)
PO Box: 5338
Jeddah 21422
Tel: (966-12)
6673180
Fax: (966-12)
6658079
BMC is an
engineering and contracting company specialising in waterproofing,
damp-proofing, heat insulation and concrete repair.
· Isam Kabbani &
Partners for Supply & Trade Co Ltd
PO Box: 31567
Jeddah 21418
Tel: (966-12)
6474649
Fax: (966-12)
6486486
· Al Kabbani Co for
Electric Trading
PO Box: 18033
Jeddah 21415
Tel: (966-12)
6481713
Fax: (966-12)
6478065
Distributors of
electrical fittings, switchgear boards and cables.
· Al Hayat
Supermarket
PO Box: 16375
Jeddah 21464
· Marketing Fittings
Sanitary & Plumbing Co
PO Box: 16375
Jeddah
Retailers of
sanitary fittings.
· Isam Kabbani Co
PO Box: 16375
Jeddah 21464
Wholesalers of
foodstuff.
· Emam Distribution
Co Ltd
PO Box: 1716
Jeddah 21441
Tel: (966-12)
6824294
Fax: (966-12)
6918227
· Specialist
International Marketing Group Co
PO Box: 6338
Jeddah 21422
Tel: (966-12)
6672000
Fax: (966-12)
6658079
· Saudi Turkish
Marine & Construction Contracting Co Ltd
PO Box: 7371
Jeddah 21462
Tel: (966-12)
6670457
Fax: (966-12)
6652473
· Mahmoud Adada
& Isam Kabbani & Partners Ltd
PO Box: 520
Makkah
Tel: (966-12)
5205555 / 5803056
Engaged in the
production of wooden and metal furniture and kitchen units, as well as door,
windows and decorative wood.
· Al Hayat Building
Materials Co Ltd
Prince
Majid Street
PO Box:
18053
Jeddah
21415
Tel:
(966-12) 6732322 / 6736327 / 6712380 / 6717095
Fax:
(966-12) 6712380
Email: hayatbma@ogertel.com
· Isam Kabbani &
Partner for Building Construction Material Co Ltd
Al Mina Street
PO Box: 50533
Jeddah 21533
Tel: (966-12) 6475010 / 6278677 / 6278888
Fax: (966-12) 6278722 / 6278000
· Al Kabbani Company
for Decoration & Contracting
Al Suhaili Center
King Fahd Road
Al Sitteen Area
PO Box: 16375
Jeddah 21464
Tel: (966-12) 6981028 / 6981043
Fax: (966-12) 6726417 / 6474503 / 6728079
Activities: Engaged in the
manufacture of plastic injection moulded products.
Import Countries: Europe
and the Far East
Subject has a workforce of 40 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
PO Box: 1
Al Khobar 31952
Tel: (966-13)
8949669
Fax: (966-13)
8646474
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.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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.