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Report No. : |
349282 |
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Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
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Name : |
BADR AL BADR TRADING EST |
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Registered Office : |
Al Deyafa Building, Ground Floor, King Fahd Road, PO Box 37150 &
22910, Riyadh 11439 |
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Country : |
Saudi Arabia |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
01.11.1997 |
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Com. Reg. No.: |
1010148108 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import and distribution of general foodstuff products,
including tea, tuna, herbs and other dried foods. |
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No. of Employees : |
90 |
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.
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.
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Source
: CIA |
Company Name : BADR AL BADR TRADING EST
Country of Origin :
Saudi Arabia
Legal Form :
Sole Proprietorship
Registration Date :
1st November 1997
Commercial Registration Number : 1010148108, Riyadh
Chamber Membership Number :
87138
Invested Capital :
SR 2,000,000
Total Workforce :
90
Activities :
Distributors of general foodstuff products.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
BADR AL BADR TRADING EST
Registered &
Physical Address
Building :
Al Deyafa Building, Ground Floor
Street : King Fahd
Road
PO Box :
37150 & 22910
Town : Riyadh 11439
Country : Saudi Arabia
Telephone : (966-11)
4121111 / 4286952 / 2713029
Facsimile : (966-11)
4296954
Mobile : (966-50)
5455894
Email : badr@badralbadr.com
Premises
Subject operates from a medium sized suite of offices and a warehouse
that are owned and located in the Central Business Area of Riyadh.
Branch Office (s)
Location Description
Jeddah Office
premises
Tel: (966-12) 2873104
Dammam Office
premises
Tel: (966-13) 8340832
Qassim Office
premises
Tel: (966-16) 3235437
Name Position
Badr Mohamed Al Badr Proprietor
& General Manager
Abdul Mohsin Badr Al Badr Assistant
General Manager
Hussain Najjar Sales
Manager
Sari Hamed Financial
Manager
Abdullah Badr Al Badr Purchasing
Manager
Yazid Badr Al Badr Commercial
Manager
Sari Hamed Accountant
Shubair Mohamed Purchasing
Officer
Date of Establishment : 01/07/1418 Hijri
(corresponding to 1st November 1997)
Legal Form : Sole
Proprietorship
Commercial Reg. No. : 1010148108,
Riyadh
Chamber Member No. : 87138
Invested Capital : SR 2,000,000
Mr Badr Mohamed Al Badr is the sole proprietor of the business.
Activities: Engaged in the import and distribution of general foodstuff products,
including tea, tuna, herbs and other dried foods.
Import Countries: Europe and India.
International
Suppliers:
Agro India Ltd India
Veer Overseas India
Amera Food India
Chamanlal Cheita India
Brand Names: AL DIAFA, SAWAB, MARKETING HOUSE, ALBADR, ROYAL
CLUB and TOBESTA
Operating Trend: Steady
Subject has a workforce of 90 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
32,550,000 SR
33,375,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
National Commercial Bank
King Abdul Aziz Street
PO Box: 3555
Jeddah 21481
Tel: (966-12) 6446644
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.65.98 |
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1 |
Rs.100.11 |
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Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TPT |
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.