MIRA INFORM
REPORT
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Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ABDUL RAHMAN GHULOOM TRADING LLC |
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Registered Office : |
Mariam Building,
Office No. 3001, Al Dayfa Street,
Deira, P O Box 211471 & 171721, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
20.09.2007 |
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Com. Reg. No.: |
1050624, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Traders of perfumes and cosmetics, readymade garments, suitcases and travel requisites, textiles, toys and games, watches and spare parts |
RATING & COMMENTS
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MIRA’s 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 : |
US$ 75,000 |
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Status : |
Moderate |
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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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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 |
Bottom of Form
SUMMARY
Company Name : ABDUL RAHMAN GHULOOM TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 20th September 2007
Commercial Registration Number : 1050624, Dubai
Trade Licence Number : 600763
Chamber Membership Number : 124070
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Traders of perfumes and cosmetics, readymade garments, suitcases
and travel requisites, textiles, toys and games, watches and spare parts
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 75,000
COMPANY NAME
ABDUL RAHMAN
GHULOOM TRADING LLC
company ADDRESS
Registered &
Physical Address
Building : Mariam Building, Office No. 3001
Street : Al Dayfa Street
Area : Deira
PO Box : 211471 & 171721
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2267272
Facsimile : (971-4) 2267272
Mobile : (971-55) 4288714
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Ghulam
Hussain Iqbal Haji Wali Mohamed Potiwalla Indian Managing
Director
·
Mushtaq
Ismail Bahadalia Indian Director
·
Abdul
Rahman Ghuloom Haider Emirati Director
·
Irshad Mohamed - Finance
Manager
·
Mohamed Fayaz - Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 20th
September 2007
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1050624,
Dubai
Trade Licence No. : 600763
(Expires 19/09/2011)
Chamber Member No. : 124070
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Abdul
Rahman Ghuloom Haider 51%
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Ghulam
Hussain Iqbal Haji Wali Mohamed Potiwalla 25%
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Mushtaq
Ismail Bahadalia 24%
AFFILIATED COMPANIES
·
Happy Future Trading
Dubai
OPERATIONS
Activities: Engaged as traders of jewellery, perfumes,
cosmetics, and beauty products.
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Companies registered
in Dubai, United Arab Emirates are not legally required to make their accounts
public and no financial information was released by the company or submitted by
outside sources.
BANKERS
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Mashreq
Bank Plc
Deira Branch
PO Box: 1250
Dubai
Tel: (971-4) 2229131 / 2221134
Fax: (971-4) 2233784
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Habib
Bank Ltd
Murshid Bazaar
PO Box: 888
Dubai
Tel: (971-4) 2221281
Fax: (971-4) 2284631
Acc No. 02010120311105583709
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.45.77 |
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UK Pound |
1 |
Rs.75.58 |
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Euro |
1 |
Rs.65.97 |
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.