MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
VIENNA METALS TRADING LLC |
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Registered Office : |
Al Qasmeya, PO Box 47055,
Sharjah |
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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 : |
12.02.2005 |
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Com. Reg. No.: |
536851,
Sharjah |
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Legal Form : |
Limited Liability
Company - LLC |
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Line of Business : |
Traders of Ferrous and Non-Ferrous Metal and Base Metals |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : VIENNA METALS TRADING
LLC
Country of Origin : Sharjah,
United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 12th
February 2005
Commercial
Registration Number : 536851, Sharjah
Trade Licence Number : 536851
Chamber Membership
Number : 69380
Issued Capital : UAE Dh
150,000
Paid up Capital : UAE Dh
150,000
Total Workforce : 6
Activities :
Traders of ferrous and non-ferrous metal and base
metals
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
COMPANY NAME
VIENNA METALS TRADING LLC
ADDRESS
Registered & Physical Address
Location : Al Qasmeya
PO Box : 47055
Town : Sharjah
Country : United Arab
Emirates
Telephone : (971-6) 5732642
Facsimile : (971-6) 5732672
Mobile : (971-50) 6759911
Email : sameer.viena@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
· Ali
Abbass Ali Emirati Managing
Director
· Retfaj
Shah Canadian Director
· Jain
Ashwain - Commercial
Manager
· Sameer
Rawidi - Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 12th
February 2005
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 536851, Sharjah
Trade Licence No. : 536851 (Expires
11/07/2008)
Chamber Member No. : 69380
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Name of Shareholder (s) Percentage
· Ali
Abbass Ali 51%
· Retfaj
Shah 49%
OPERATIONS
Activities: Engaged as traders of ferrous and non-ferrous
metal and base metals.
Import Countries: China and the United States of America.
Operating Trend: Steady
Subject has a workforce of 6 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 5,380,000 UAE Dh
6,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Emirates Bank International Ltd
Immigration Road
PO Box : 25090
Sharjah
Tel : (971-6)
733300
Fax : (971-6)
730077
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.
Please note that the correct registered name of the subject is “Vienna
Metals Trading LLC” and not “Verma Metals Trading LLC”
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%)