MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL OMRANIYA TRADING CO LLC |
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Registered Office : |
Saleh Omar Bin
Haider Building, Al Ittihad Road, Port Dubai Area, PO Box 10757, Dubai |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
12.11.1995 |
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Com. Reg. No.: |
45763, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of Building Materials,
Construction Equipment and Tools |
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$ 175,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL OMRANIYA TRADING CO LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 12th November 1995
Commercial Registration Number : 45763, Dubai
Trade Licence Number : 239587
Chamber Membership Number : 35973
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 14
Activities : Import and distribution of building materials, construction equipment and tools
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 175,000
COMPANY NAME
AL OMRANIYA TRADING
CO LLC
ADDRESS
Registered & Physical Address
Building : Saleh Omar Bin Haider Building
Street : Al Ittihad Road
Area : Port Dubai Area
PO Box : 10757
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2682730 / 2684965 / 2252253
Facsimile : (971-4) 2684117
Mobile : (971-50) 6253483
Email : amraniya@emirates.net.ae
Premises
Subject operates
from a small suite of offices, a warehouse and a showroom that are rented and
located in the Suburban Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
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Bhartiben
Shantilal British Managing Director
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Hassan
Abdullah Hassan Jassim Al Khalsan Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 12th
November 1995
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 45763, Dubai
Trade Licence No. : 239587
(Expires 05/11/2008)
Chamber Member No. : 35973
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
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Hassan
Abdullah Hassan Jassim Al Khalsan
51%
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Bhartiben
Shantilal 49%
OPERATIONS
Activities: Engaged in the import and distribution of
building materials, construction equipment and tools.
Import
Countries: Germany, United
Kingdom and the United States of America
Operating Trend: Steady
Subject has a
workforce of 14 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales UAE Dh 8,750,000 UAE Dh 9,185,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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Barclays Bank
Plc
Sheikh Zayed Road
PO Box 1891
Dubai
Tel: (971-4) 3626700
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 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%)