MIRA
INFORM REPORT
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Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
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Name : |
UNION BEVERAGES FACTORY LLC |
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Registered Office : |
Sheikh Zayed Road Jebel Ali Industrial Area No. 2 PO Box 113760 &
804 Dubai |
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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 : |
01.11.2003 |
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Com. Reg. No.: |
63656, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Manufacturers and bottlers soft drinks, juices and mineral water. |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 : UNION BEVERAGES FACTORY LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 1st November 2003
Commercial Registration Number : 63656, Dubai
Trade Licence Number : 547573
Chamber Membership Number : 81690
Issued Capital : UAE Dh 54,000,000
Paid up Capital : UAE Dh 54,000,000
Total Workforce : 300
Activities : Manufacturers and bottlers soft drinks, juices and mineral water.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
UNION BEVERAGES FACTORY LLC
ADDRESS
Registered & Physical Address
Street : Sheikh Zayed
Road
Area : Jebel Ali
Industrial Area No. 2
PO Box : 113760 &
804
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 8802828
Facsimile : (971-4)
8802929
Email : ubf@ubf.ae
Premises
Subject operates from a large suite of offices and a factory that are rented
and located in the Industrial Area of Dubai.
KEY PRINCIPALS
Name Position
· Mohamed Abdullah Omran Al Omran Managing
Director
· Abdullatif Mohamed Abdullah Omran Al Omran Director
· Ayman Yousri Al Douik Director
· Mohamed Ahmed Human
Resources Manager
· Manu Sam Finance
Manager
· Hakob Kashtrian Factory
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1st
November 2003
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 63656, Dubai
Trade Licence No. : 547573 (Expires 28/07/2012)
Chamber Member No. : 81690
Issued Capital : UAE Dh 54,000,000
Paid up Capital : UAE Dh 54,000,000
Name of Shareholder (s)
· Mohamed Abdullah Omran Al Omran
· Abdullatif Mohamed Abdullah Omran Al Omran
·
Ayman Yousri Al Douik
· Harwal Ltd
Cyprus
· Interplast
Sharjah
AFFILIATED COMPANIES
· Harwal Containers Manufacturing LLC (HCM)
Dubai
OPERATIONS
Activities: Engaged in the manufacturing and bottling of soft drinks, juices and
mineral water.
Import Countries: Europe and the United States of America.
Brand Names: MAAZA, ROYAL CROWN COLA, FRUIT CHUNKS and AQUA Q
Operating Trend: Steady
Subject has a workforce of approximately 300 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 68,200,000 UAE Dh
73,500,000
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 Dubai
Mankhool Street
PO Box: 2668
Dubai
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.51 |
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Euro |
1 |
Rs.64.76 |
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 |
-- |
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.