MIRA INFORM REPORT
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Report Date : |
16th May 2006 |
IDENTIFICATION DETAILS
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Name : |
HIND
JUMA TRADING EST |
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Registered Office : |
Abdus
Salam Mohamed Alfaheem Building Al
Khor Street, Al Ras 27453
& 83804, Dubai United Arab Emirates |
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Date of Incorporation : |
18th
May 2003 |
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Com. Reg. No.: |
96676,
Dubai |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Distributors of ceramics,
chinaware, cutlery and kitchen utensils. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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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Maximum Credit Limit : |
US$
150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
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Company Name |
HIND JUMA TRADING EST |
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Country of Origin |
Dubai, United Arab Emirates |
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Legal Form |
Sole Proprietorship |
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Registration Date |
18th May 2003 |
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Commercial Registration Number |
96676, Dubai |
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Trade Licence Number |
545059 |
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Membership Number |
77701 |
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Invested Capital |
UAE Dh 100,000 |
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Total Workforce |
3 |
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Line of Business |
Distributors of ceramics, chinaware, cutlery and kitchen utensils. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
HIND JUMA TRADING
EST
ADDRESS
Registered &
Physical Address
Building : Abdus Salam Mohamed Alfaheem Building
Street : Al Khor Street
Area : Al Ras
PO Box : 27453 & 83804
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2351060
Facsimile : (971-4) 2267930
Mobile : (971-50) 6951568
Email : hasilan99@emirates.net.ae
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Dubai.
KEY PRINCIPALS
Hind Juma Al Dosri Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 18th May 2003
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg.
No. : 96676, Dubai
Trade Licence
No. : 545059 (Expires 13th May 2007)
Membership No. : 77701
Invested Capital
: UAE Dh 100,000
Mrs Hind Juma Al
Dosri is the sole proprietor of the business.
Note to the
Legal Form
Commonly referred
to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual
where liability for all debts is unlimited. The business is the entire
responsibility of its proprietor, who is liable for all its debts to the extent
of his entire wealth. There are no legal requirements concerning the amount of
capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
ceramics, chinaware, cutlery and kitchen utensils.
Import Countries
: Europe and GCC countries.
Operating Trend
: Steady
Subject has a
workforce of 3 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : United
Arab Emirates Dirham (UAE Dh)
Year Ending
31/12/04 : Year
Ending 31/12/05 :
Total Revenue UAE Dh 3,200,000 UAE Dh 3,350,000
Local sources consider
subject’s financial condition to be Fair.
BANKERS
Commercial Bank of
Dubai
Baniyas Street
PO Box : 1709
Deira
Dubai
Tel : (971-4)
2227121 / 2253222
Fax : (971-4)
2220943 / 2254565
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000
Established in
2003, subject is involved in the import and distribution of ceramics,
chinaware, cutlery and kitchen utensils.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
Maximum suggested
credit figure: US$ 150,000
RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |