MIRA INFORM
REPORT
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Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ZAKARIA AND GHANIWALA GENERAL TRADING CO LLC |
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Registered Office : |
Al Haj Ali and Al
Haj Hussan Aloz Building, Ali Ibn Abi Talib Street, Bur Dubai, P O Box 44495,
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 : |
23.04.2001 |
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Com. Reg. No.: |
56423, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuffs, confectionery and soap |
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 |
Bottom of Form
SUMMARY
Company Name : ZAKARIA AND GHANIWALA GENERAL TRADING CO LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 23rd April 2001
Commercial Registration Number : 56423, Dubai
Trade Licence Number : 525749
Chamber Membership Number : 63297
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 6
Activities : Distributors of general foodstuffs, confectionery and soap.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ZAKARIA AND GHANIWALA GENERAL TRADING CO LLC
company ADDRESS
Registered & Physical Address
Building : Al Haj Ali and Al Haj Hussan Aloz
Building
Street : Ali Ibn Abi Talib Street
Area : Bur Dubai
PO Box : 44495
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3536866
Facsimile : (971-4) 3535519
Mobile : (971-50) 7706320
Email : ghaniwala@ghaniwala.com
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
·
Abu
Baker Zakaria Ghaniwala Pakistani Managing
Director
·
Omer
Zakaria Ghaniwala Abu Baker Pakistani Director
·
Noura
Abdullah Hassain Eid Mubarak Al Balooshi Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 23rd
April 2001
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 56423, Dubai
Trade Licence No. : 525749
(Expires 17/04/2012)
Chamber Member No. : 63297
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Noura
Abdullah Hassain Eid Mubarak Al Balooshi 51%
·
Abu
Baker Zakaria Ghaniwala 25%
·
Omer
Zakaria Ghaniwala Abu Baker 24%
OPERATIONS
Activities: Engaged in the import and distribution of
general foodstuffs, confectionery and soap.
Import
Countries: Europe and the
Far East.
Brand Names: OLIVARY, FOOTBALL STAR and EVA
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 7,925,000 UAE Dh 8,300,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Emirates
Bank International Ltd
Deira
PO Box: 2923
Dubai
Tel: (971-4) 3160316
Fax: (971-4) 2264302
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 |
|
US Dollar |
1 |
Rs.44.77 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.55 |
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.