MIRA
INFORM REPORT
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Report Date : |
21.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL DOKHAN GENERAL TRADING LLC |
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Registered Office : |
Baniyas Complex, Baniyas Square, Al Rigga, Deira, PO Box 28609, 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 : |
04.06.1988 |
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Com. Reg. No.: |
50415, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of general merchandise |
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$ 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL DOKHAN GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 4th June 1988
Commercial Registration Number : 50415, Dubai
Trade Licence Number : 108756
Chamber Membership Number : 13785
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Total Workforce : 25
Activities : Import and distribution of general merchandise
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
COMPANY NAME
AL DOKHAN GENERAL TRADING LLC
ADDRESS
Registered & Physical Address
Building : Baniyas
Complex
Street : Baniyas
Square
Area : Al Rigga,
Deira
PO Box : 28609
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2248582
Facsimile : (971-4)
2228297
Email : mrthkhan@emirates.net.ae
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Mohamed Reza
Feizollah Toupchinejad Iranian Managing Director
· Hadi Aziz Vahid Iranian Director
· Ali Reza Hadi
Vahid Iranian Director
· Mohamed Reza Hadi
Vahid Iranian Director
· Abdullah Darwish
Al Rahmah Emirati Director
LEGAL FORM & OWNERS
Date of
Establishment : 4th
June 1988
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 50415, Dubai
Trade Licence No. : 108756 (Expires 04/10/2008)
Chamber Member No. : 13785
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Name of Shareholder (s) Percentage
· Abdullah Darwish
Al Rahmah 51%
· Mohamed Reza Feizollah
Toupchinejad 21%
· Hadi Aziz Vahid 10%
· Ali Reza Hadi
Vahid 9%
· Mohamed Reza Hadi
Vahid 9%
OPERATIONS
Activities: Engaged in the import and distribution of general merchandise,
specialising in carbon steel, stainless steel and castings.
Import Countries: India, China and Japan.
Operating Trend: Steady
Subject has a workforce of 25 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:
Sales UAE
Dh 22,000,000 UAE Dh
23,500,000
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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Bank Melli Iran
Deira Branch
PO Box : 1894
Dubai
Tel : (971-4) 2268207
Fax : (971-4) 2269157 / 2267096
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 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%)