MIRA
INFORM REPORT
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Report Date : |
02.10.2008 |
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
Person Interviewed : Sameer Rawidi, Sales Manager
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
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Retfaj
Shah Canadian Director
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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
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Ali
Abbass Ali 51%
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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:
Total 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
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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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)