MIRA INFORM REPORT
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Report Date : |
18.04.2011 |
IDENTIFICATION DETAILS
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Name : |
HABIB TRADING CO LLC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
20.02.2000 |
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Com. Reg. No.: |
62408, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Wholesale and retail of automotive spare parts and components. |
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 |
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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UAE |
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 :
HABIB TRADING CO LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date :
20th February 2000
Commercial Registration Number :
62408,
Trade Licence Number :
516762
Chamber Membership Number :
58114
Issued Capital :
UAE Dh 300,000
Paid up Capital :
UAE Dh 300,000
Total Workforce :
13
Activities :
Wholesale and retail of automotive spare
parts and components.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Recommended Credit Limit :
US$ 300,000
Person Interviewed :
Mohamed Arslan, Commercial Manager
COMPANY
NAME
HABIB TRADING CO LLC
ADDRESS
Registered & Physical
Address
Building :
Street :
Area : Al Rigga
PO Box : 64918
Town :
Country :
Telephone : (971-4) 2385828
Facsimile : (971-4)
2385818
Email : general_lubricants@yahoo.com
/ arslan@generalpetroleum.ae
Please note that subject is located in
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
· Habib Khan Pir
Mohamed Pakistani Managing Director
· Haji Pir Mohamed
Ayoub
Afghani Director
· Azair Thani
Mohamed Bin Drai
Emirati Director
· Mohamed Arslan - Commercial
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 20th February 2000
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 62408,
Trade Licence No. : 516762 (Expires 19/02/2012)
Chamber Member No. : 58114
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s)
Percentage
· Azair Thani
Mohamed Bin Drai 51%
· Habib Khan Pir
Mohamed 25%
· Haji Pir Mohamed
Ayoub 24%
AFFILIATED
COMPANIES
· General Petroleum Products
PO Box: 46870
Sharjah
Tel: (971-6) 5754717
Fax: (971-6)
5754718
OPERATIONS
Activities: Engaged in the wholesale and retail of automotive spare parts and
components, including lubricants,
batteries, tyres and rims.
Import Countries:
Brand Names: GP LUBRICANTS
Operating Trend: Steady
Subject has a workforce of 13 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 15,670,000 UAE Dh
18,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Mohamed Arslan,
Commercial Manager
BANKERS
·
Commercial Bank of
PO Box: 2668
Tel: (971-4)
3523355
Fax: (971-4)
3527655 / 2524796
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.44.52 |
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1 |
Rs.72.72 |
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Euro |
1 |
Rs.64.41 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.