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Report No. : |
307355 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
AL RAI
PHARMACEUTICAL INDUSTRIES LLC |
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|
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Registered Office : |
Al Khomra
District, P O Box 9224, Jeddah 21413 |
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Country : |
Saudi Arabia |
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Date of Incorporation : |
April 2013 |
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Com. Reg. No.: |
4030188649 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged as
Importers, Distributors and Producers of Medicines, Cosmetics, Detergents and
Related Items [NOTE: We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Saudi Arabia |
A2 |
A2 |
|
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 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 : AL RAI PHARMACEUTICAL INDUSTRIES LLC
Country of Origin : Saudi Arabia
Legal Form : Limited Liability Partnership
Registration Date : April 2013
Commercial Registration Number : 4030188649
Issued Capital : SR 10,000,000
Paid up Capital : SR 10,000,000
Total Workforce : 20
Activities : Importers, distributors and producers of medicines, cosmetics,
detergents and related items
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
AL RAI PHARMACEUTICAL INDUSTRIES LLC
Registered &
Physical Address
Location : Al Khomra District
PO Box : 9224
Town : Jeddah 21413
Country : Saudi Arabia
Telephone : (966-12) 6682895
Facsimile : (966-12) 6682895
Email : info@alrai.sa.com
Premises
Subject operates from
a small suite of offices, a warehouse and a factory that are owned and located
in the Industrial Area of Jeddah.
Name Position
·
Mohamed
Khobr Zemo Chairman
·
Sherif
Ananni Finance
Manager
·
Dr.
Ayman Mahmoud Khalaf Factory Manager
Date of Establishment : April 2013
Legal Form :
Limited Liability Company
Commercial Reg. No. : 4030188649
Issued Capital : SR 10,000,000
Paid up Capital : SR 10,000,000
Name of
Shareholder (s)
·
Mohamed
Khobr Zemo
·
Sauod Khobr Zemo
·
Nehad Al Kawood
·
Faisal Khbor Zemo
Activities: Engaged as importers, distributors and
producers of medicines, cosmetics, detergents and related items.
Import
Countries: Germany,
Turkey, India and China
Subject has a workforce
of 20 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.
·
Saudi
British Bank
PO Box: 109
Jeddah 21411
Tel: (966-12) 6512121
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.62.20 |
|
UK Pound |
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
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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 |
|
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 |
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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.