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Report No. : |
352457 |
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Report Date : |
02.12.2015 |
IDENTIFICATION DETAILS
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Name : |
TAIBA PAPER
TISSUE & PLASTIC FACTORY |
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|
|
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Registered Office : |
Industrial Area, P O Box: 1625, Madinah |
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Country : |
Saudi Arabia |
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Year of Establishment : |
2002 |
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|
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Com. Reg. No.: |
4650032587,
Madinah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of
Tissue Paper, Napkins, Paper Cups and Plates. |
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No. of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Saudi Arabia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 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. In 2014 the
Kingdom ran its first budget deficit since 2009, and faces budget deficits for
the foreseeable future because it requires an oil price greater than $100 per
barrel to balance its budget. Although the Kingdom can finance high deficits
for several years by drawing down its considerable foreign assets or borrowing,
it probably will begin to reduce capital spending if oil prices stay low
through the next year.
|
Source
: CIA |
Company Name : TAIBA
PAPER TISSUE & PLASTIC FACTORY
Country of Origin : Saudi
Arabia
Legal Form : Sole
Proprietorship
Registration Date : 2002
Commercial
Registration Number :
4650032587, Madinah
Membership Number : 111979
Invested Capital : SR
1,000,000
Total Workforce : 300
Activities :
Manufacturers of tissue paper, napkins, paper cups and plates
Financial Condition : Undetermined
Payments :
Unknown
Person Interviewed : Amr Al
Ghareeb, Assistant General Manager
TAIBA PAPER TISSUE
& PLASTIC FACTORY
Location : Industrial Area
PO Box : 1625
Town : Madinah
Country : Saudi Arabia
Telephone : (966-14) 8407050 / 8400063
Facsimile : (966-14) 8410599
Mobile : (966-59) 3457629 / 3457689
Email : amr@tpf.com.sa / adam@tpf.com.sa
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Madinah.
Branch Offices
Subject has
distribution outlets located in Jeddah, Makkah, Khamis Mushait, Tabuk and Al
Moukhawah.
Name Position
·
Sheikh
Abdullah Ibrahim Al Mubarak Proprietor
& General Manager
·
Amr Al
Ghareeb Assistant
General Manager
·
Adam
Abu Huraira Administration
Executive
Date of Establishment : 2002
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 4650032587,
Madinah
Membership No. :
111979
Invested Capital
: SR 1,000,000
Sheikh Abdullah Ibrahim
Al Mubarak is the sole proprietor of the business.
·
Atyaf
Taiba for Trading & Contracting
Madinah
Activities: Engaged in the manufacture of tissue paper,
napkins, paper cups and plates.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of approximately 300 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.
·
Al
Rajhi Bank
Teema Branch
Madinah
Tel: (966-14) 4631308
Fax: (966-14) 4632440
Unknown
Please note that the
subject’s commercial registration number is 4650032587. The number 2301079 is
not a valid Saudi commercial registration number.
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.66.52 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.70.44 |
|
SR |
1 |
Rs.17.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.