MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
GAUTAM GENERAL TRADING LLC |
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Registered Office : |
Mohamed Majid Alghurair Building, Al Ras, Deira, PO Box 33262 &
120740, 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 : |
15.08.2005 |
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Com. Reg. No.: |
75767, Dubai |
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Legal Form : |
Limited Liability
Company - LLC |
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Line of Business : |
Import and Distribution
of General Merchandise |
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 : GAUTAM GENERAL TRADING LLC
Country of Origin : Dubai, United
Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 15th
August 2005
Commercial
Registration Number : 75767,
Dubai
Trade Licence Number : 572403
Chamber Membership
Number : 100240
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce :
9
Activities :
Import and distribution of general merchandise
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
COMPANY NAME
GAUTAM GENERAL TRADING LLC
ADDRESS
Registered &
Physical Address
Building : Mohamed
Majid Alghurair Building
Area : Al Ras,
Deira
PO Box : 33262 &
120740
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2353427
/ 2353428 / 2353429 / 3359122
Facsimile : (971-4)
2353851 / 3359322
Email : ggtgroup@eim.ae
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Shumat Aggarowal
Bin Mahesh Kumar Indian Managing Director
· Drouf Kumar Metel Indian Director
· Bharat Metel Drouf
Kumar Indian Director
· Ahmed Musabeh Abed
Thani Bin Saif Al Marri Emirati Director
LEGAL FORM & OWNERS
Date of
Establishment : 15th
August 2005
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 75767, Dubai
Trade Licence No. : 572403 (Expires 14/08/2009)
Chamber Member No. : 100240
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Ahmed Musabeh Abed
Thani Bin Saif Al Marri 51%
· Shumat Aggarowal
Bin Mahesh Kumar 25%
· Drouf Kumar Metel 12%
· Bharat Metel Drouf
Kumar 12%
OPERATIONS
Activities: Engaged in the import and distribution of general merchandise,
including ready made garments, foodstuffs, building materials and electrical
appliances.
Import Countries: Europe and the Far East
Operating Trend: Steady
Subject has a workforce of 9 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 6,500,000 UAE Dh
8,900,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
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
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.46.63 |
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UK Pound |
1 |
Rs.83.76 |
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Euro |
1 |
Rs.66.49 |
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%)