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| 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. |
|
|
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| 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 |
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|
|
| 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. |
|
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|
| 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 |
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| Special Note |
|
|
| You enquired on : Al Ruqee Machine Tools |
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| 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 |
February 8th, 2012 |
