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Report No. : |
303482 |
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Report Date : |
24.01.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Makkah Road, Exit 7, Al Muzahmiah 68 Riyadh 11972 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
April 2007 |
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Com. Reg. No.: |
1111001069 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importers, distributors, producers and manufacturers of soft drinks and production of mineral waters and related items. |
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No. of Employees : |
150 |
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 : DOME BOTTLED WATER FACTORY
Country of Origin : Saudi Arabia
Legal Form : Sole Proprietorship
Registration Date : April 2007
Commercial Registration Number : 1111001069
Invested Capital : SR 1,500,000
Total Workforce : 150
Activities : Importers, distributors, producers and manufacturers of soft drinks and
production of mineral waters and related items.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
DOME BOTTLED WATER
FACTORY
Street : Makkah Road, Exit 7
Area : Al Muzahmiah
PO Box : 68
Town : Riyadh 11972
Country : Saudi Arabia
Telephone : (966-11) 5233808 / 92000309
Facsimile : (966-11) 5233807 / 5233877
Email : info@domewater.net
Subject operates from
a large suite of administrative offices, warehousing facilities, production
unit and manufacturing plant that are owned and located in the Industrial Area
of Riyadh.
Name Position
·
Hamad
Ibrahim Al Saif Proprietor
·
Abdulhakeem
Kambar General
Manager
·
Abdullah
Ali Accountant
Date of Establishment : April 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1111001069
Invested Capital
: SR 1,500,000
Mr Hamad Ibrahim Al
Saif is the sole proprietor of the business.
·
Mosafer
Contracting Est
Saudi Arabia
·
Dome
Trading Est
Saudi Arabia
Activities: Importers, distributors, producers and
manufacturers of soft drinks and production of mineral waters and related
items.
Dome Bottled Water
Factory is the only bottled drinking water manufacturer in the Kingdom Of Saudi
Arabia that uses Pure Natural Mineral Water for Bottling Drinking Water. The
factory is well equipped with the latest technology in water treatment and
packing. It is well designed to maintain the highest level hygienic
manufacturing and packing conditions.
Import
Countries: Italy, United
Kingdom, China, Oman and the United Arab Emirates
Operating Trend: Steady
Subject has a workforce
of approximately 150 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 24,000,000 SR 28,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Al
Rajhi Banking & Investment Corporation
PO Box: 28
Riyadh 11411
Tel: (966-11) 4054647 / 4054244
Fax: (966-11) 4044753 / 4052950 / 4037156
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
|
Indian Rupees |
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US Dollar |
1 |
Rs.61.50 |
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1 |
Rs.92.16 |
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Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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 |
-- |
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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.