MIRA
INFORM REPORT
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Report Date : |
19.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
GALAXY INVENTOR GENERAL TRADING LLC |
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Registered Office : |
Mozbin Zaal
Building, Deira, PO Box 43433, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
10.06.2008 |
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Com. Reg. No.: |
1030140, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and distribution of construction equipment and materials, as well as scrap metal and plastic PVC |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 25,000 |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : GALAXY INVENTOR GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 10th June 2008
Commercial Registration Number : 1030140, Dubai
Trade Licence Number : 612109
Chamber Membership Number : 140930
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Import and distribution of construction equipment and materials, as well as scrap metal and plastic PVC
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 25,000
COMPANY NAME
GALAXY INVENTOR
GENERAL TRADING LLC
ADDRESS
Registered &
Physical Address
Building : Mozbin Zaal Building
Area : Deira
PO Box : 43433
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2353755
Facsimile : (971-4) 2353757
Premises
Subject operates
from a small suite of offices that are rented and located in the Central Business
Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
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Afroj Mohamed
Hasanfatta Indian Managing Director
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Imran Haroon
Topiwala Indian Director
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Parvez Nariman
Bharucha Indian Director
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Yousuf Mohamed
Moosa Abdullah Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 10th
June 2008
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1030140,
Dubai
Trade Licence No. : 612109
(Expires 03/06/2009)
Chamber Member No. : 140930
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
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Yousuf Mohamed
Moosa Abdullah 51%
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Afroj Mohamed
Hasanfatta ]
]
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Imran Haroon
Topiwala ] 49%
]
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Parvez Nariman
Bharucha ]
OPERATIONS
Activities: Engaged in the import and distribution of
construction equipment and materials, as well as scrap metal and plastic PVC
Import
Countries: India and China
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
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Mashreq Bank
Plc
Deira Branch
PO Box : 1250
Dubai
Tel : (971-4) 2229131 / 2221134
Fax : (971-4) 2233784
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.71 |
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UK Pound |
1 |
Rs.83.57 |
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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%)