MIRA
INFORM REPORT
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Report Date : |
25.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALI AL HESHEMI TRADING EST |
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Registered Office : |
Sheikh Zayed
Road, Al Quoz Industrial, PO Box
10275, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
1952 |
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Com. Reg. No.: |
1751, Dubai |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of Graphic Arts Equipment |
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$ 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ALI AL HESHEMI TRADING EST
Country of Origin : Dubai, United Arab Emirates
Legal Form : Sole Proprietorship
Start Date : 1952
Registration Date : 4th May 1977
Commercial Registration Number : 1751, Dubai
Trade Licence Number : 203903
Chamber Membership Number : 3137
Invested Capital : UAE Dh 42,000,000
Total Workforce : 270
Activities : Import and distribution of graphic arts equipment
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 300,000
Person Interviewed : Jack Prakash, Marketing Manager
COMPANY NAME
ALI AL HESHEMI
TRADING EST
ADDRESS
Registered & Physical Address
Street : Sheikh Zayed Road
Area : Al Quoz Industrial
PO Box : 10275
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3400303
Facsimile : (971-4) 3478200
Email : hashemi@emirates.net.ae
Premises
Subject operates
from a large suite of offices and a warehouse that are owned and located in the
Industrial Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Ali Redha
Ahmad Al Hashimi Emirati Proprietor &
General Manager
·
Jack Prakash - Marketing
Manager
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back 1952, however it was established on 4th May
1977
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1751, Dubai
Trade Licence No. : 203903
(Expires 25/02/2009)
Chamber Member No. : 3137
Invested Capital
: UAE Dh 42,000,000
Mr Ali Redha Ahmad
Al Hashimi is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
graphic arts equipment, including printing equipment and
supplies.
Import
Countries: Germany and the
United States of America
International
Suppliers:
·
Heidelberg Germany
Subject has a
workforce of approximately 270 employees.
FINANCIAL DATA
Companies
registered in Dubai are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
HSBC Bank
Middle East
Deira Souk Branch
PO Box : 66
Dubai
Tel : (971-4) 2535000
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
business is considered to be a fair trade risk and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.25 |
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UK Pound |
1 |
Rs.85.92 |
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Euro |
1 |
Rs.68.11 |
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%)