MIRA INFORM REPORT

 

 

 

Report Date :

27th June 2006

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

 

GENERAL OBSERVATIONS

 

COMPANY NAME

 

J & M COSMETICS SPRL

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Al Duraa Building, 1st Floor, Suite No. 105

Street               : Humaid Bin Abdul Aziz Street

PO Box             : 2104

Town                 : Ajman

Country             : United Arab Emirates

Telephone         : (971-6) 7442463

Facsimile          : (971-6) 7421801

Mobile               : (971-50) 6354326

Email                : kazi786@emirates.net.ae

 

 

GENERAL COMMENTS

 

Upon investigation local sources were unable to locate a company called “J & M Cosmetics SPRL” in Ajman. They also consulted local business directories and journals, as well as the local telephone operator however there was no mention of the subject of your enquiry.

 

Enquiries made with the Ajman Chamber of Commerce also proved unsuccessful as they had no listing under the name of “J & M Cosmetics SPRL”.

 

The above address and numbers locate a company called “Mummco General Trading LLC”. When we contacted this company they claimed that J & M Cosmetics SPRL are located in Kinshasa, Congo Democratic Republic and that they forward mail to them from the UAE. They provided the following contact numbers for the company in the Congo Democratic Republic, telephone (243) 8820772, fax (243) 1220772 and suggested that the owner maybe a Mr Ali Khan Meer Ali.

 

Should you be able to provide us with any further information on the subject of your enquiry we shall re-investigate and endeavour to send you a full report as soon as possible.

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions