MIRA INFORM
REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
AL TELAL MEAT TRADING |
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Registered Office : |
Mohamed Shaikh Majren
Building, Umer Ibn Al Khattab Street, Al Daghaya, Fraij Murar Area, P O Box
14528, 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 : |
01.07.2003 |
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Com. Reg. No.: |
97404, Dubai |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and wholesale of frozen, chilled and fresh meat |
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$ 150,000 |
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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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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 : AL TELAL MEAT TRADING
Country of Origin : Dubai, United Arab Emirates
Legal Form : Sole Proprietorship
Registration Date : 1st July 2003
Commercial Registration Number : 97404, Dubai
Trade Licence Number : 546612
Chamber Membership Number : 78955
Invested Capital : UAE Dh 150,000
Total Workforce : 6
Activities : Import and wholesale of frozen, chilled and fresh meat.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Abdul Samad Atappara, Sales Manager
COMPANY NAME
AL TELAL MEAT
TRADING
company ADDRESS
Registered & Physical Address
Building : Mohamed Shaikh Majren Building
Street : Umer Ibn Al Khattab Street
Area : Al Daghaya, Fraij Murar Area
PO Box : 14528
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2712737 / 2727927
Facsimile : (971-4) 2724032
Mobile : (971-50) 7766452
Email : talalsm@eim.ae
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Ali
Hassan Rashid Al Hamadi Emirati Proprietor
·
Balil
Mohamed - General
Manager
·
Ashraf
Abdullah - Assistant
General Manager
·
Abdul
Samad Atappara - Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
July 2003
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 97404, Dubai
Trade Licence No. : 546612
(Expires 29/06/2012)
Chamber Member No. : 78955
Invested Capital
: UAE Dh 150,000
Mr Ali Hassan Rashid
Al Hamadi is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and wholesale of
frozen, chilled and fresh meat.
Import
Countries: India and Brazil
International
Suppliers:
·
M K
Trading India
·
Hind
Industries India
·
Barkat
Export India
·
Sadia
Chicken Brazil
Operating Trend: Steady
Subject has a
workforce of 6 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 9,025,000 UAE Dh 9,550,000
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
business is considered to be a fair trade risk.
Bottom of Form
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.46 |
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UK Pound |
1 |
Rs.71.53 |
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Euro |
1 |
Rs.64.63 |
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.