MIRA
INFORM REPORT
|
Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ANSHA TRADING LLC |
|
|
|
|
Registered Office : |
23136 &
112593, Dubai |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Date of Incorporation : |
23.10.2007 |
|
|
|
|
Com. Reg. No.: |
1017973, Dubai |
|
|
|
|
Legal Form : |
Limited Liability Company - LLC |
|
|
|
|
Line of Business : |
Import and Distribution of Workshop Equipment and Machinery,
Pipes and Fittings, Building and Construction Materials, Hardware and Tools,
and Basic Steel Products |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : ANSHA TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 23rd October 2007
Commercial Registration Number : 1017973, Dubai
Trade Licence Number : 602001
Chamber Membership Number : 125132
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Import and distribution of workshop equipment and machinery, pipes and fittings, building and construction materials, hardware and tools, and basic steel products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
ANSHA TRADING LLC
ADDRESS
Registered & Physical Address
PO Box : 23136 & 112593
Town : Dubai
Country : United Arab Emirates
KEY PRINCIPALS
Name Nationality Position
·
Hajri Ahmad
Aziz Ghazi Mohamed Indian Managing Director
·
Rashid Obaid
Saeed Rashid Al Shamsi Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 23rd
October 2007
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1017973,
Dubai
Trade Licence No. : 602001
(Expires 20/10/2008)
Chamber Member No. : 125132
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
·
Rashid Obaid
Saeed Rashid Al Shamsi 51%
·
Hajri Ahmad
Aziz Ghazi Mohamed 49%
OPERATIONS
Activities: Engaged in the import and distribution of workshop
equipment and machinery, pipes and fittings, building and construction
materials, hardware and tools, and basic steel products.
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
·
Habib Bank Ltd
Trade Service Centre
Murshid Bazaar
PO Box : 888
Dubai
Tel : (971-4) 2221281
Fax : (971-4) 2284631
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
Please note that
local sources were unable to contact the subject directly as there is no
contact details registered with the local authorities and searches using the
internet, yellow pages, business journals and directories all proved
unsuccessful. Furthermore the telephone number provided (971-4) 7385301 is
incorrect. Therefore the information provided is only that which is registered
with the local authorities.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.01 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.20 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)