MIRA
INFORM REPORT
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Report Date : |
19.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KHUZEMA HUSSAIN & ALI ASGHAR BUILDING MATERIALS TRADING |
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Registered Office : |
Al Daghaya, PO Box 28706 & 124610, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
30.05.2006 |
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Com. Reg. No.: |
111146, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and distribution of steel products, building
hardware and construction materials, tools, paints and varnishes, construction
chemicals and machinery spare parts. |
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$ 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : KHUZEMA HUSSAIN & ALI ASGHAR BUILDING MATERIALS TRADING
LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 30th May 2006
Commercial Registration Number : 111146, Dubai
Trade Licence Number : 581978
Chamber Membership Number : 107985
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Import and distribution of steel products, building hardware and construction materials, tools, paints and varnishes, construction chemicals and machinery spare parts.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
COMPANY NAME
KHUZEMA HUSSAIN & ALI ASGHAR BUILDING MATERIALS TRADING LLC
ADDRESS
Registered & Physical Address
Location : Al Daghaya
PO Box : 28706 &
124610
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2247685
/ 2273070 / 2273076
Facsimile : (971-4)
2247687
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Suburban Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Mohamed Moosa
Taher Al Balooshi Emirati Managing Director
LEGAL FORM & OWNERS
Date of
Establishment : 30th
May 2006
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 111146, Dubai
Trade Licence No. : 581978 (Expires 29/05/2008)
Chamber Member No. : 107985
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s)
· Mohamed Moosa
Taher Al Balooshi
OPERATIONS
Activities: Engaged in the import and distribution of basic steel products, non
ferrous metal products, nuts, bolts,
screws and nails, building hardware and
construction materials, tools, paints and varnishes, construction chemicals and
machinery spare parts.
Import Countries: China, India and Europe.
Subject has a workforce of 5 employees.
FINANCIAL DATA
Companies registered in Dubai, United Arab Emirates are not legally
required to make their accounts public and no financial information was
released by the company or submitted by outside sources.
BANKERS
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Habib Bank AG Zurich
Baniyas Road
PO Box 3306
Dubai
Tel: (971-4)
2214535
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
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.
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%)