MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ANMOL
INTERNATIONAL TRADING EST |
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Registered Office : |
Industrial Area
No. 5, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
19th July 1996 |
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Com. Reg. No.: |
28623, Sharjah |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import
and distribution of building materials and construction equipment. |
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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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
Company Name : ANMOL INTERNATIONAL TRADING EST
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 19th July 1996
Commercial Registration Number : 28623, Sharjah
Trade Licence Number : 120820
Membership Number : 38135
Invested Capital : UAE Dh 150,000
Total Workforce : 6
Line of Business : Distributors of building materials and construction equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ANMOL INTERNATIONAL
TRADING EST
ADDRESS
Registered & Physical Address
Location : Industrial Area No. 5
PO Box : 21350
Town : Sharjah
Country :
Telephone : (971-6) 5431605
Facsimile : (971-6) 5422713
Email : anmoluae@emirates.net.ae
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Sharjah.
KEY PRINCIPALS
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Said
Hamod Saif Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 19th
July 1996
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 28623,
Sharjah
Trade Licence No. : 120820
Membership No. : 38135
Invested Capital
: UAE Dh 150,000
Mr Said Hamod Saif 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
building materials and construction equipment.
Import Countries
: Europe and the
Operating Trend
: Steady
Subject has a
workforce of 6 employees.
FINANCIAL HIGHLIGHTS
Financial highlights
provided by outside sources are given below :
Currency :
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue UAE Dh 7,620,000 UAE Dh
8,100,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Bank of
PO Box : 1671
Sharjah
Tel : (971-6) 5684231
Fax
: (971-6) 5681025
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit
figure of US$ 150,000:
Established in
1996, subject is owned and managed by Mr Said Hamod Saif who is well respected in the local business
community.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s operating
history or the manner in which payments are fulfilled. As such the business is
considered to be a fair trade risk and the above credit figure is deemed to be
within subject’s financial means.
Maximum suggested
credit figure: US$ 150,000
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/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 |
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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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)