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MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMMED AHMED MANSOOR TRADING (MAM TRADING) |
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Registered Office : |
Mohamed Ali Algargawi Building, Al Nakheel Street, PO Box 251643, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
12.01.2005 |
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Com. Reg. No.: |
105364, Dubai |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of Building Materials, Tools and Hardware. |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MOHAMMED AHMED MANSOOR TRADING (MAM TRADING)
Country of Origin : Dubai, United Arab Emirates
Legal Form : Sole Proprietorship
Registration Date : 12th January 2005
Commercial Registration Number : 105364, Dubai
Trade Licence Number : 564808
Membership Number : 93779
Invested Capital : UAE Dh 100,000
Total Workforce : 4
Line of Business : Distributors of building materials, tools and hardware.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
COMPANY NAME
MOHAMMED AHMED MANSOOR TRADING (MAM TRADING)
ADDRESS
Registered & Physical Address
Building : Mohamed Ali Algargawi
Building
Street : Al Nakheel
Street
Area : Naif
PO Box : 251643
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2216540
Facsimile : (971-4)
2216580
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Dubai.
KEY PRINCIPALS
·
Mohammed Ahmed Mansoor Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 12th
January 2005
Legal Form : Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg.
No. : 105364, Dubai
Trade Licence No. : 564808
Membership No. : 93779
Invested Capital : UAE Dh 100,000
Mr Mohammed Ahmed Mansoor 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, tools and
hardware.
Import Countries : Europe and the Far East.
Subject has a workforce of 4 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : United Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/06 :
Total Revenue UAE
Dh 4,100,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Emirates Bank International Ltd
Baniyas Road
PO Box : 2923
Deira
Dubai
Tel : (971-4)
3160316
Fax : (971-4)
2264302
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2005, subject is involved in the import and distribution
of building materials, tools and hardware.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
Maximum suggested credit figure: US$ 100,000
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. |
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%)