MIRA
INFORM REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
BADSHAH BUILDING MATERIALS TRADING |
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Registered Office : |
Deira, PO Box 42140, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
16.03. 2008 |
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Com. Reg. No.: |
1025294, Dubai |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of Building Materials and
Equipment, Construction Chemicals, Hardware and Tools. |
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$ 10,000 |
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Status : |
New and Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : BADSHAH BUILDING MATERIALS TRADING
Country of Origin : Dubai, United Arab Emirates
Legal Form : Sole Proprietorship
Registration Date : 16th March 2008
Commercial Registration Number : 1025294, Dubai
Trade Licence Number : 608047
Chamber Membership Number : 130708
Invested Capital : UAE Dh 50,000
Total Workforce : 3
Activities : Import and distribution of building materials and equipment, construction chemicals, hardware and tools.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 10,000
COMPANY NAME
BADSHAH BUILDING
MATERIALS TRADING
ADDRESS
Registered & Physical Address
Location : Deira
PO Box : 42140
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2348867
Facsimile : (971-4) 2348869
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
Name Nationality Position
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Abdullah
Rahmah Ali Hassan Emirati Proprietor &
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 16th
March 2008
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1025294,
Dubai
Trade Licence No. : 608047
(Expires 10/03/2009)
Chamber Member No. : 130708
Invested Capital
: UAE Dh 50,000
Mr Abdullah Rahmah Ali
Hassan is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
building materials and equipment, construction chemicals,
hardware and tools.
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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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
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.
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%)