MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
JURA PEAK GRANITE & MARBLE TRADING LLC |
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Registered Office : |
Industrial Area No. 11, PO Box 70489,
Sharjah |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
22.05.2007 |
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Com. Reg. No.: |
553167, Sharjah |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of Granite
and Marble. |
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$ 40,000 |
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Status : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : JURA PEAK GRANITE & MARBLE TRADING LLC
Country of Origin : Sharjah, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 22nd May 2007
Commercial Registration Number : 553167, Sharjah
Trade Licence Number : 553167
Chamber Membership Number : 78354
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Total Workforce : 6
Activities : Import and distribution of granite and marble.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 40,000
COMPANY NAME
JURA PEAK GRANITE & MARBLE TRADING LLC
ADDRESS
Registered & Physical Address
Location : Industrial Area No. 11
PO Box : 70489
Town : Sharjah
Country : United Arab
Emirates
Telephone : (971-6) 5341005
Facsimile : (971-6) 5341006
Mobile : (971-50)
Email : jurapeak@gmail.com
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Sharjah.
KEY PRINCIPALS
Name Nationality Position
· Raad
Abdullah Mohamed Khalfan Emirati Managing Director
· Milan
Mohan Disai Indian Director
· Audi
Bahbawa Rai Indian Director
LEGAL FORM & OWNERS
Date of
Establishment : 22nd
May 2007
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 553167, Sharjah
Trade Licence No. : 553167 (Expires
on 21/05/2008)
Chamber Member No. : 78354
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Name of Shareholder (s) Percentage
· Raad
Abdullah Mohamed Khalfan 51%
· Milan
Mohan Disai 25%
· Audi Bahbawa
Rai 24%
OPERATIONS
Activities: Engaged in the import and distribution of granite
and marble.
Import Countries: Italy, Spain and India.
Subject has a workforce of 6 employees.
FINANCIAL DATA
Subject is a newly formed business and as a result financial information
is not currently available.
BANKERS
·
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:
Investigations undertaken in Sharjah did not reveal any sign of payment
defaults or delays during initial trading stages, and subject is believed to
meet its payment obligations in a timely manner, nevertheless, and in view of
the company’s infancy and the lack of a more consistent payment and financial
record, a measure of caution is advisable and a close monitoring of subject’s
business development is recommended.
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%)