|
Report No. : |
303476 |
|
Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
TANIA FACTORY FOR BOTTLED DRINKING WATER CO LTD |
|
|
|
|
Registered Office : |
Al Naser Road, PO Box 280402, Riyadh 11392 |
|
|
|
|
Country : |
Saudi Arabia |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
27.06.2006 |
|
|
|
|
Com. Reg. No.: |
1011009539 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject’s
operations are performed through the following divisions: Trading Division Engaged in the import and distribution of plastic products, mineral
water and juices. |
|
|
|
|
No. of Employee : |
1,200 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Saudi Arabia |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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. 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 :
TANIA FACTORY FOR BOTTLED DRINKING WATER CO LTD
Also Known As :
TANIA WATER FACTORY
Country of Origin :
Saudi Arabia
Legal Form :
Limited Liability Company
Registration Date :
27th June 2006
Commercial Registration Number :
1011009539, Al Kharj
Membership Number :
104011127341
Issued Capital :
SR 36,300,000
Paid up Capital :
SR 36,300,000
Total Workforce :
1,200
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Good
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Mohamed Atallah, Finance Manager
TANIA FACTORY FOR BOTTLED DRINKING WATER CO LTD
ALSO KNOWN AS: TANIA WATER
FACTORY
Registered &
Physical Address
Location : Al Naser Road
PO Box :
280402
Town : Riyadh 11392
Country : Saudi Arabia
Telephone : (966-11)
4189502 / 4546165
Facsimile : (966-11)
4549646
Email : info@taniawater.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Riyadh.
Branch Offices
Location Description
Shadeeda Road Factory
premises
PO Box: 1502
Al Kharj 11942
Tel: (966-11) 5453300
Fax: (966-11) 5453030
Name Position
Shouymei Aouyjan Al Dossary Managing
Director
Mohamed Aouyjan Al Dossary Director
Houaish Aouyjan Al Dossary Director
Nasser Ali Awad Al Qahtani Director
Mohamed Atallah Finance
Manager
Raef Mohamed Jamal Executive
Secretary
Date of Establishment : 27th
June 2006
Legal Form : Limited Liability
Company
Commercial Reg. No. : 1011009539, Al
Kharj
Membership No. : 104011127341
Issued Capital : SR 36,300,000
Paid up Capital : SR 36,300,000
Name of
Shareholder (s) Percentage
Shouymei Aouyjan Al Dossary 65%
Abdullatifa Al Issa Co 35%
Riyadh
Saudi Arabia
Activities: Subject’s operations are performed through the following divisions:
Trading Division
Engaged in the import and distribution of plastic products, mineral
water and juices.
Tania Water
Factory
CR No: 1011011061, Al Kharj
Mem No: 1040001163
Activities: Engaged in the
production and bottling of mineral water and juices.
Subject is ISO 9001/9002 and HACAP accredited.
Import Countries: Europe and the
Far East.
Brand Names: TANIA
Subject has a workforce of approximately 1,200 employees.
Financial highlights provided by local sources are given below:
Currency: Saudi Riyals (SR)
Year Ending 31/12/13:
Total Sales SR
150,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Mohamed Atallah,
Finance Manager
National Commercial Bank
Malaz Branch
PO Box: 42536
Riyadh 11551
Tel: (966-11) 4776450
Fax: (966-11) 4769502
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.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.