MIRA INFORM
REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DYNA TRADE LLC |
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Registered Office : |
Caterpillar Road,
Industrial Area No. 17, P O Box 22842, Sharjah |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.10.1990 |
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Com. Reg. No.: |
113846, Sharjah |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of automotive spare parts and related
accessories |
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$ 200,000 |
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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
|
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 |
SUMMARY
Company Name : DYNA TRADE LLC
Country of Origin : Sharjah, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 27th October 1990
Commercial Registration Number : 113846, Sharjah
Trade Licence Number : 113846
Chamber Membership Number : 26202
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Total Workforce : 17
Activities : Distributors of automotive spare parts and related accessories.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY
NAME
DYNA TRADE LLC
company
ADDRESS
Registered & Physical
Address
Street : Caterpillar Road
Area : Industrial Area No. 17
PO Box : 22842
Town : Sharjah
Country : United Arab Emirates
Telephone : (971-6) 5132000
Facsimile : (971-6) 5433935
Email : dynatrade@emirates.net.ae
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Sharjah.
KEY
PRINCIPALS
Name Nationality Position
·
Mohamoud
Bim Salem Bin Bahwan Omani Managing
Director
·
Saud
Mohamoud Bim Salem Bin Bahwan Omani Director
·
Sebastian
Babu - General
Manager
·
Mohamed
Mysara - Public
Relations Manager
LEGAL
FORM & OWNERS
Date of Establishment : 27th October
1990
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 113846,
Sharjah
Trade Licence No. : 113846
(Expires 23/10/2011)
Chamber Member No. : 26202
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Name of Shareholder (s) Percentage
·
Mohamoud
Bim Salem Bin Bahwan 98%
·
Saud
Mohamoud Bim Salem Bin Bahwan 2%
AFFILIATED
COMPANIES
·
Dyna
Trade Auto Services Centre
PO Box: 22842
Industrial Area No. 2
Sharjah
Tel: (971-6) 5560030 / 5433037
Fax: (971-6) 5433935
OPERATIONS
Activities: Engaged in the import and distribution of
automotive spare parts and related accessories.
Import
Countries: Europe and the
Far East.
International
Suppliers:
·
Inco
Batteries South Korea
Operating Trend: Steady
Subject has a
workforce of 17 employees.
FINANCIAL
DATA
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Sales UAE Dh
11,150,000 UAE Dh
11,725,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Bank of Sharjah
PO Box: 4
Sharjah
Tel: (971-6) 5547747
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
|
1 |
Rs.7208 |
|
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
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.