MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
IMPACT GENERAL TRADING LLC |
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Registered Office : |
Karama Centre, 4th
Floor, Suite 430, PO Box 11924, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
08.02.2008 |
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Com. Reg. No.: |
1023322, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Export of Paper and Waste Paper Products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 25,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : IMPACT GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 8th February 2008
Commercial Registration Number : 1023322, Dubai
Trade Licence Number : 606459
Chamber Membership Number : 129098
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Import and export of paper and waste paper products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 25,000
COMPANY NAME
IMPACT GENERAL
TRADING LLC
ADDRESS
Registered & Physical Address
Location : Karama Centre, 4th
Floor, Suite 430
PO Box : 11924
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3377781
Facsimile : (971-4) 3377782
Mobile : (971-50) 2740064
Email : harishtm555@yahoo.com
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
·
Bryan
Balachander Indian Managing
Director
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Ali Khalifa Al
Suwaidi Emirati Director
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Rajender
Kanani British Director
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T.M. Harish - Business
Development Manager
LEGAL FORM & OWNERS
Date of Establishment : 8th
February 2008
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1023322,
Dubai
Trade Licence No. : 606459
(Expires 06/02/2009)
Chamber Member No. : 129098
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE
Dh 300,000
Name of Shareholder (s)
·
Bryan
Balachander
·
Ali Khalifa Al
Suwaidi
·
Rajender
Kanani
OPERATIONS
Activities: Engaged in the import and export of paper
and waste paper products.
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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HSBC Bank
Middle East
Deira Souk Branch
PO Box : 66
Dubai
Tel : (971-4) 2535000
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.30 |
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UK Pound |
1 |
Rs.86.13 |
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Euro |
1 |
Rs.68.72 |
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%)