MIRA
INFORM REPORT
|
Report Date : |
15.10.2007 |
IDENTIFICATION DETAILS
|
Name : |
VILLA HAPP
INTERNATIONAL LTD |
|
|
|
|
Registered Office : |
Al |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
30th January 2006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in the
import and distribution of children’s clothing. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 40,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : VILLA HAPP INTERNATIONAL LTD
Country of Origin :
Legal Form : Limited Liability Company
Registration Date : 30th January 2006
Trade Licence Number : 1840
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 15
Line of Business : Distributors of children’s clothing.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
VILLA HAPP
INTERNATIONAL LTD
ADDRESS
Registered & Physical Address
Building : Al
Street : 58A Street
Area : Al Wasl
PO Box : 213957
Town :
Country :
Telephone : (971-4) 3218897
Facsimile : (971-4) 3218896
Email : mima@villahapp.com
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
·
Antonio
Vahappen Managing
Director
·
Noura Parez Office
Manager
·
Bas Hartman Merchandise
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 30th
January 2006
Legal Form :
Limited Liability Company
Trade Licence No. : 1840
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Villa
Happ 100%
Kasteel Zwijnsbergen
Helvoirtsestraat 6, 5268 BB
Helvoirt
The
Tel
: (31-411) 647888
Fax : (31-411) 647890
AFFILIATED
COMPANIES
·
V H
Fashion LLC
PO Box : 213957
Al
58A Street
Al Wasl
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
children’s clothing.
Import Countries
:
Subject has a
workforce of 15 employees.
FINANCIAL
HIGHLIGHTS
Subject is a newly formed
business and as a result financial information is not currently available.
BANKERS
·
Lloyds
TSB Bank Plc
PO Box : 3766
Tel
: (971-4) 3422000
Fax
: (971-4) 3422660
Acc No. 383821
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations
undertaken in Dubai did not reveal any sign of payment defaults or delays
during initial trading stages, and subject is believed to meet its payment
obligations in a timely manner, nevertheless, and in view of the company’s
infancy and the lack of a more consistent payment and financial record, a
measure of caution is advisable and a close monitoring of subject’s business
development is recommended.
Maximum suggested
credit figure: US$ 40,000
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)