MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
PAN GLOBAL TRADING LLC |
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Registered Office : |
J S Fernandes Building,
Khalid Ibn Al Waleed Street, Al Suq Al Kabir, PO Box 25057 & 46016, Dubai |
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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 : |
03.06.1998 |
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Com. Reg. No.: |
51161, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of Ferrous and Non-Ferrous Scrap
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 : PAN GLOBAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 3rd June 1998
Commercial Registration Number : 51161, Dubai
Trade Licence Number : 505792
Chamber Membership Number : 49860
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Total Workforce : 12
Activities : Import and distribution of ferrous and non-ferrous scrap metals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
PAN GLOBAL TRADING
LLC
ADDRESS
Registered & Physical Address
Building : J S Fernandes Building
Street : Khalid Ibn Al Waleed Street
Area : Al Suq Al Kabir
PO Box : 25057 & 46016
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3937955
Facsimile : (971-4) 3938102
Email : panglobal@rediffmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
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Anil Kapur Indian Managing Director
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Sanjiv
Malhatoura Indian Director
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Abhshik Kapoor Indian Director
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Sundas Kapoor Indian Director
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Amir Jeet
Singh Dheir Indian Director
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Aref Ahmed
Mohamed Hassan Albnna Emirati Director
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Rukmani
Sathyam - Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 3rd
June 1998
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 51161, Dubai
Trade Licence No. : 505792
(Expires 26/05/2009)
Chamber Member No. : 49860
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Name of Shareholder (s) Percentage
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Aref Ahmed
Mohamed Hassan Albnna 51%
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Anil Kapur 22%
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Sanjiv
Malhatoura 20%
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Abhshik Kapoor 3%
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Sundas Kapoor 2%
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Amir Jeet
Singh Dheir 2%
OPERATIONS
Activities: Engaged in the import and distribution of
ferrous and non-ferrous scrap metals.
Import
Countries: Europe and the
Far East
Operating Trend: Steady
Subject has a workforce
of 12 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 4,920,000 UAE Dh 7,500,000
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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Habib Bank Ltd
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
Established in
1998, subject is involved in the import and distribution of ferrous and
non-ferrous scrap metals.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed 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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)