MIRA INFORM
REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
TRANS DAZZ GENERAL TRADING LLC |
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Registered Office : |
City Center Building,
Ground Floor, Al Garhoud Road, Al Garhoud, P O Box 62113, Dubai |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.06.2007 |
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Com. Reg. No.: |
1012179, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and distribution of general foodstuff products |
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 : |
EUR 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : TRANS DAZZ GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 26th June 2007
Commercial Registration Number :
1012179,
Trade Licence Number : 597121
Chamber Membership Number : 120777
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Import and distribution of general foodstuff products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : EUR 150,000
COMPANY NAME
TRANS DAZZ GENERAL
TRADING LLC
company ADDRESS
Registered & Physical Address
Building :
Street :
Area : Al Garhoud
PO Box : 62113
Town :
Country :
Telephone : (971-4) 2945151 / 2580510
Facsimile : (971-4) 2959636
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Branch Office (s)
Location Description
·
Al
Qusais Industrial Area No. 1 Rented
warehouse premises
Tel: (971-4) 2580510
Fax: (971-4) 2580912
KEY PRINCIPALS
Name Nationality Position
·
Abdul
Wahab Bin Abdul Salam Chaabane
Tunisian Managing
Director
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Munsif
Bin Mohamed Attar Abshi
Tunisian Director
·
Atiq
Juma Ali Darwish Bin Darwish Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 26th
June 2007
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1012179,
Trade Licence No. : 597121
(Expires 23/06/2011)
Chamber Member No. : 120777
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Atiq
Juma Ali Darwish Bin Darwish 51%
·
Abdul
Wahab Bin Abdul Salam Chaabane 25%
·
Munsif
Bin Mohamed Attar Abshi 24%
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuff products.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE Dh 7,480,000 UAE Dh 7,750,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
Bank of
PO Box: 2668
Tel: (971-4) 3523355
Fax: (971-4) 3527655 / 2524796
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National
Bank of
PO Box: 777
Tel: (971-4) 2222241
Acc No. 1012355826101
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 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.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.