MIRA
INFORM REPORT
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Report Date : |
21.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL RAJI GENERAL TRADING FZC |
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Registered Office : |
Saif Zone, PO Box 120217, Sharjah |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
20.02.2006 |
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Legal Form : |
Free Zone Company
- FZCO |
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Line of Business : |
Import and
Distribution of Cotton and Polyester Items. |
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$ 60,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name :
AL RAJI GENERAL TRADING FZC
Country of Origin : Sharjah,
United Arab Emirates
Legal Form :
Free Zone Company - FZCO
Registration Date : 20th
February 2006
Trade Licence Number : 010403688, Saif Zone
Issued Capital : UAE Dh
150,000
Paid up Capital : UAE Dh
150,000
Total Workforce : 2
Activities :
Import and distribution of cotton and polyester
items.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 60,000
COMPANY NAME
AL
RAJI GENERAL TRADING FZC
ADDRESS
Registered & Physical Address
Location : Saif Zone
PO Box : 120217
Town : Sharjah
Country : United Arab
Emirates
Mobile : (971-50) 2475579
Premises
Subject operates from a small suite of offices that are rented and
located in the Industrial Area of Sharjah.
KEY PRINCIPALS
Name Position
· Jamshah
Mayur Managing
Director
· Mitesh
Hasmukhall General
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 20th
February 2006
Legal Form : Free Zone Company
- FZCO
Trade Licence No. : 010403688, Saif
Zone
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Name of Shareholder (s)
· Jamshah
Mayur
OPERATIONS
Activities: Engaged in the import and distribution of cotton
and polyester items.
Subject has a workforce of 2 employees.
FINANCIAL DATA
Companies registered in Sharjah, 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 Ltd
PO Box : 300
Sharjah
Tel : (971-6)
5356116
Fax : (971-6)
5526473
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%)