Saudi Arabia Business Credit Report
Sample International Credit Report

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International Business Credit Report
Supplied onJuly 23rd, 2017
                                                                      


Company Name AL RUQEE MACHINING TOOLS COMPANY LTD (Correct)


Address


Building Bawardi Bldg., 3rd Floor

Street Khobar-Dammam Expressway

P.O. Box 3657
Town Al Khobar 31952
Country Saudi Arabia

Telephone (966 3) 857 6383 / 857 0957 / 847 0668
Fax (966 3) 857 7494 / 857 0620
E-Mail : mailbox2@alruqee.com

Formerly Known As : Alruqee Machine Tools Establishment

Also Known As : Allied Britania



Senior Company Personnel


Name Position

1. Shojaa Ali Khan President / Managing Director
2. Nasser Ali Khan Vice Presisent / Financial Director
3. Saadah S. Ali Khan Executive Director

4. Shafaa Ali Khan Executive Director

5. Ahmed Ali Business Manager

6. Ravi Chandwani Commercial Manager


Total Employees 30 (subject)
150 (group)



Payments


No complaints have been heard regarding payments from local suppliers
or banks.

We consider it is acceptable to deal with subject for MEDIUM amounts.

Opinion on maximum credit SR 350,000

Trade risk assessment : Normal

Opinion on the credit figure of EURO 100,000 :

The above figure is higher than normally seen in one amount, however
could prove admissible if split into two transactions provided the
total indebtedness is strictly monitored.



Principal Bankers


Name SAUDI BRITISH BANK
Branch Dhahran Street
P.O. Box 1618
Town Dammam 31441

Telephone (966 3) 833 1553
Fax (966 3) 832 1916



Financial Information


Balance sheets are not available. However, the subject interviewed
offered the following information :

Sales Turnover SR 15,000,000 - 2001 - exact
not gigen - 2002 - 2004
SR 20,000,000 - 2005 - approx
Net Profit not given, but stated to be profitable

The following information applies to the Al Ruqee group of
Companies :

Sales Turnover SR 40,000,000 - 1990 - exact
SR 43,800,000 - 1991 - exact
SR 85,000,000 - 1992 - exact
SR 105,000,000 - 1993 - exact
SR 115,000,000 - 1994 - exact
SR 115,000,000 - 1997 - exact
SR 120,000,000 - 1998 - approx
SR 135,000,000 - 1999 - exact
SR 145,000,000 - 2000 - approx
SR 150,000,000 - 2002 - approx
SR 155,000,000 - 2003 - approx
SR 160,000,000 - 2004 - approx
SR 165,000,000 - 2005 - approx

Net Profit SR 7,000,000 - 1992 - exact
SR 8,000,000 - 1993 - exact
SR 9,000,000 - 1994 - exact
not given - 1995/96/97
SR 16,000,000 - 1998 - exact
not given - 1999 - 2005



Legal Status And History


Date Started 1998

History The company was incorporated in Saudi Arabia in 1991 under
the name Allied Britania, and is was a General Partnership
equally owned by Salamat S. Ali Khan and RobertPass
(British national). In 1998, following some management
disagreements, the partnership was dissolved and the
subject became a Sole Proprietorship owned by Salamat S.
Ali Khan under the name Al Ruqee Machine Tools
Establishment. In 2005 the subject changed its legal status
into a limited liability company with the current
sharehoders.

Credit Reference Number 2051002492/020

Capital not given


Limited Liability Company with the following shareholders :

1. Salamat S. Ali Khan
2. Shojaa Ali Khan
3. Nasser Ali Khan
4. Saadah S. Ali Khan
5. Shafaa Ali Khan



Affiliated companies of Al Ruqee Machine Tools Company Ltd :

Associates

1. Al Ruqee Trading and Contracting Establishment
Credit Reference Number 2051002492. Established 1949.
(Address as per heading)

2. Al Ruqee Industrial Marketing Establishment
Credit Reference Number 2051002492/009. Established 1973.
(Address as per heading)

2. North Store Industries
Pensylvannia
United States of America

3. Al Ruqee Trading Co Ltd
Bahrain



Activities


The Company is involved in the following activities :

Importers and distributors of industrial machine tools and equipment.

Imports from Europe and USA.



Facilities


The Company has the following facilities :

Several large rented offices of 2,000 square metres and a showroom at
the heading address as well as branch offices in Riyadh and Jeddah and a foreign branch office in Sharjah, UAE.



Branch Offices


1. P.O.Box 28566
Sharjah
United Arab Emirates
Tel: (971 6) 538 6997
Fax: (971 6) 538 9794
Email: tecnocare@hotmail.com

2. Riyadh
Farazdaq Street Cross Rail Street
Tel: (966 1) 403 0244
Fax: (966 1) 401 4375

3. Jeddah
Al Mahajeer Street, Near Dhuwar Al Najoom
High Al Mustadaat
Tel: (966 2) 635 4945
Fax: (966 2) 637 3844

4. Al Khobar / Dammam
Alkhobar / Dammam Expressway, 2nd Flyover
Tel: (966 3) 847 0664
Fax: (966 3) 847 4992

5. Yanbu
Flat 15, 5th Floor PIA Building
Yanbu
Tel: (966 4) 390 0548
Fax: (966 4) 390 0548



Special Note


You enquired on : Al Ruqee Machine Tools



Disclaimer

Every effort is made to ensure that the information given herein is
accurate, but no legal responsibility is accepted for any error or
omission in the text.

Date Compiled

Report complied on July 23rd, 2017

*** End of Report ***

*** End of Sample Saudi Arabia Business Credit Report   ***


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