MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
BOYTON INDUSTRIES |
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Registered Office : |
The Fairmount, 7th Floor, Suite 708, Sheikh Zayed Road, PO
Box 65886 & 49830, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
20.08.2003 |
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Com. Reg. No.: |
98036, Dubai |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Management
Consultants and Commercial Brokers |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : BOYTON INDUSTRIES
Country of Origin : Dubai,
United Arab Emirates
Legal Form :
Sole Proprietorship
Registration Date : 20th
August 2003
Commercial
Registration Number : 98036,
Dubai
Trade Licence Number : 547928
Chamber Membership
Number : 80207
Invested Capital : UAE Dh 100,000
Total Workforce : 5
Activities :
Management consultants and commercial brokers
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 150,000
COMPANY NAME
BOYTON INDUSTRIES
ADDRESS
Registered & Physical Address
Building : The
Fairmount, 7th Floor, Suite 708
Street : Sheikh Zayed
Road
PO Box : 65886 & 49830
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 3291694
Facsimile : (971-4)
3291695 / 3326686
Mobile : (971-50)
Email : boyton@fimexco.uk
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Rashid Saeed
Mohamed Rashid Al Hazmi Emirati Proprietor
& General Manager
· Mahboob
Thatoor - Assistant
General Manager
· Ms
Presila - Administrative
Assistant
LEGAL FORM & OWNERS
Date of
Establishment : 20th August
2003
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 98036, Dubai
Trade Licence No. : 547928
Chamber Member No. : 80207
Invested Capital : UAE Dh 100,000
Mr Rashid Saeed Mohamed Rashid Al Hazmi is the sole proprietor of the
business.
OPERATIONS
Activities: Engaged as management consultants and commercial brokers.
Subject has a workforce of 5 employees.
FINANCIAL DATA
Companies registered in Dubai are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
BANKERS
·
Emirates Bank International Ltd
Beniyas Road
Deira
PO Box : 2923
Dubai
Tel : (971-4)
2256256 / 2256900
Fax : (971-4)
2268005 / 2267718
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 business is considered to be a fair trade risk and
the above credit figure is within subject’s financial means.
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%)