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MIRA INFORM REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AL KAMIL AUTO SPARE PARTS TRADING (L.L.C.) |
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Registered Office : |
Abdurl Rahim Mohammed Abdul Rahim Building, Shop No. 14, Al Burj Street, Deira, Al Rigga Area, Near to Casablanca Hotel, P.O. Box No30487, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
29.11.1988 |
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Com. Reg. No.: |
51396 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, Wholesalers and Retailers of auto spare
parts and accessories. |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Dh 150,000 |
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Status : |
Small Company |
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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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United Arab Emirates |
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 |
company NAME
Al Kamil Auto Spare
Parts Trading (L.L.C.) (Correct)
Al-Kamil Auto Spare Parts
Trading (Requested)
Company
address
Building : Abdurl Rahim Mohammed Abdul Rahim
Building, Shop No. 14
Street : Al Burj Street
Area :
Deira, Al Rigga Area, Near to Casablanca Hotel
P.O.Box No. :
30487
Town : Dubai
Country : United Arab Emirates
Telephone :
(971 4) 227 1117
Fax : (971 4) 272 3685 / 227 4874
E-Mail : al_kamil@emirates.net.ae
SENIOR
COMPANY PERSONNEL
Name Position
Sheikh Mohammed Rafeeq Managing Director
Total Employees : 5
PAYMENTS
No complaints have been heard regarding payments from
local suppliers or banks.
We consider it is acceptable to deal with subject for
SMALL amounts.
Opinion on maximum credit : Dh 150,000
Trade risk assessment: Normal
PRINCIPAL
BANKERS
NAME : HABIB
BANK AG ZURICH
Branch : Al
Ittihad Square
PO Box : 3138
Town : Dubai
Telephone: (971 4) 225 2001
Fax : (971 4)
228 4211
The company also has an account with :
Emirates NBD Bank (fmly Emirates Bank International)
Baniyas Street
PO Box 2923
Dubai
Telephone: (971 4) 225 6256
Fax : (971 4)
226 8005
FINANCIAL
INFORMATION
Private companies in United Arab Emirates are not
required to publish or disclose balance sheets. However, the subject
interviewed offered the following information :
Sales Turnover
: Dh 5,500,000 2009 exact
: Dh
6,000,000 2010 exact
: Dh 6,500,000 2011 projected
Net Profit
: not given but stated to be 5% of the sales
Financial year ends 31 December.
LEGAL
STATUS AND HISTORY
Date Started : 29
November 1988
C.R. No. : 51396
Trade License No.: 227489
(expiry date: 28/11/2012)
DCCI Membership No. : 23599
Authorised Capital : Dh
300,000
Paid-Up Capital : Dh
300,000
Limited
Liability Company with the following shareholders :
Percentage
1. Sheikh Mohammed Rafeeq 49%
(Indian
national)
2. Omar Jomaa Kelander Jomaa * 51%
(UAE national)
* The local sponsor, according to UAE laws must hold a
minimum of 51%
of the capital, however,
in practice and unofficially the sponsor
gets a fixed
annual percentage of the profit and a sponsorship fee
without any
investment in the company.
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers and retailers of auto
spare parts and accessories.
NACE Code : 4532
Imports from Asia, mainly from Taiwan, China, South Korea
and India.
Exports to Africa, mainly to Burundi and Rwanda.
FACILITIES
The Company has the following facilities :
Rented premises comprising administrative offices, a
retail outlet and storage facilities located at the heading address as well as
another branch located in the same area.
SPECIAL
NOTE
You enquired on: Al-Kamil Auto Spare Parts Trading. Please
note that the correct name is as per heading.
Interviewed: Sheikh Mohammed Rafeeq (Managing Director).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.27 |
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UK Pound |
1 |
Rs.7208 |
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Euro |
1 |
Rs.63.66 |
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
SCs 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.