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Report No. : |
301942 |
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Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
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Name : |
IBRAHIM MUBARAK AL MAZROU TRADING EST |
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Registered Office : |
Hamza Ebn Abd El Moteleb Street, Al Badeaa 58024 Riyadh 11594 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
14.04.1983 |
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Com. Reg. No.: |
1010079523 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import, retail and distribution of readymade garments, textiles, fabrics and perfumes. |
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No. of Employee : |
14 |
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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 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.
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Source
: CIA |
Company Name : IBRAHIM MUBARAK AL MAZROU TRADING EST
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : 14th April 1983
Commercial Registration Number : 1010079523, Riyadh
Invested Capital : SR 125,000
Total Workforce : 14
Activities : Retailers and distributors of readymade garments, textiles, fabrics and
perfumes
Financial Condition : Fair
Payments : Nothing detrimental uncovered
IBRAHIM MUBARAK AL
MAZROU TRADING EST
Street : Hamza Ebn Abd El Moteleb Street
Area : Al Badeaa
PO Box : 58024
Town : Riyadh 11594
Country : Saudi Arabia
Telephone : (966-11) 4115823 / 4399141
Facsimile : (966-11) 4582793
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Riyadh.
Branch Offices
Location Distribution
·
Jerusalem
Markets Showroom
premises
King Fahd Road
Riyadh 11323
·
Shop
No. 7501 Showroom
premises
Riyadh
Tel: (966-11) 4140162
Name Position
·
Ibrahim
Mubark Al Marzou Proprietor
& General Manager
Date of Establishment : 14th
April 1983
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1010079523,
Riyadh
Invested Capital
: SR 125,000
Mr Ibrahim Mubark
Al Marzou is the sole proprietor of the business.
Activities: Engaged in the import, retail and
distribution of readymade garments, textiles, fabrics and perfumes.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 14 employees.
Financial
highlights provided by local sources are given below:
Currency: Saudi
Riyals (SR)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales SR 13,770,000 SR 14,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
National Bank (ANB)
King Faisal Street
PO Box: 56921
Riyadh 11564
Tel: (966-11) 4029000
Fax: (966-11) 4027747
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.96 |
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|
1 |
Rs.94.97 |
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Euro |
1 |
Rs.74.42 |
INFORMATION DETAILS
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Analysis Done by
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KRN |
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Report Prepared
by : |
DPT |
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 |
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-- |
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.