MIRA
INFORM REPORT
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Report Date : |
19.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ALL COLOUR
BUILDING MATERIALS |
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Registered Office : |
PO Box 32618,
Dubai |
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Country : |
United Arab
Emirates |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business : |
Traders of Building Materials. |
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 |
LOCATIONS
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Registered Office : |
PO Box 32618,
Dubai, United Arab Emirates |
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Mobile No.: |
(971-50) 9196485 |
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Fax No.: |
00971 – 509752135 |
PARTNERS
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Name : |
Mr. Ashok Dawan |
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Designation : |
Partner |
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Name : |
Mr. Abbas |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Traders of Building Materials. |
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Exports : |
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Countries : |
Other Gulf Countries |
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Imports : |
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Countries : |
India and China |
GENERAL
INFORMATION
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No. of Employees : |
8 |
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Bankers : |
Emirates Bank Dubai |
FINANCIAL DATA
[all figures are in Dirhams]
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Particulars |
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31.12.2007
[Estimated] |
31.12.2006 |
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Sales Turnover |
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4000000 |
3000000 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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