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MIRA
INFORM REPORT
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Report Date : |
01.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
CEMENTHAI SCT (MIDDLE EAST) FZE |
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Registered Office : |
Jebel Ali Free
Zone, LOB 1, Office No. F01, PO Box 17054,
Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
10.03.1999 |
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Legal Form : |
Free Zone Establishment - FZE |
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Line of Business : |
Import and Distribution of
tapioca starch, as well as plastic and chemicals, aluminium, steel, scrap metal, waste paper, cement,
construction materials, and home improvement products. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : CEMENTHAI SCT (MIDDLE EAST) FZE
Country of Origin : Dubai, United Arab Emirates
Legal Form : Free Zone Establishment - FZE
Registration Date : 10th March 1999
Trade Licence Number : 02195, JAFZ
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 6
Activities :
Import and distribution of tapioca starch, as well as
plastic and chemicals, aluminium,
steel, scrap metal, waste paper, cement, construction materials, and home
improvement products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 200,000
COMPANY NAME
CEMENTHAI
SCT (MIDDLE EAST) FZE
ADDRESS
Registered & Physical Address
Location : Jebel Ali Free Zone, LOB 1, Office No. F01
PO Box : 17054
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8812270
Facsimile : (971-4) 8812272
Mobile : (971-50) 4500270
Email : sctuae@emirates.net.ae
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Jebel Ali Free Zone.
Branch Office (s)
Location Description
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Sheikh
Zayed Road Rented
sales office
Dubai
Tel: (971-4) 3217663
Fax: (971-4)
3217669
KEY PRINCIPALS
Name Position
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Chomkiet
Hankunageth Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 10th
March 1999
Legal Form :
Free Zone Establishment -
FZE
Commercial Reg. No. : 02195, JAFZ
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder (s) Percentage
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SCT
Co Ltd 100%
1 Siam Cement Road
Bangkok 10800
Thailand
Tel: (66-2) 5864439
Fax: (66-2) 5862251
OPERATIONS
Activities: Engaged in the import and
distribution of tapioca starch, as well as plastic and chemicals, aluminium,
steel, scrap metal, waste paper,
cement, construction materials, and home improvement products.
Import Countries: Thailand
Subject has a
workforce of 6 employees.
FINANCIAL DATA
Companies
registered in Dubai, United Arab Emirates are not legally required to make
their accounts public and no financial information was released by the company
or submitted by outside sources.
BANKERS
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Mashreq Bank
Plc
Deira Branch
PO Box : 1250
Dubai
Tel : (971-4) 2229131 / 2221134
Fax : (971-4) 2233784
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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
company is considered to be a fair trade risk.
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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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%)