MIRA INFORM
REPORT
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Report Date : |
05.05.2011 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY GENERAL TRADING LLC |
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Registered Office : |
Industrial Area
No. 8, P O Box 17, Sharjah |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
14.09.2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
General Trade Licence |
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$ 40,000 |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
United Arab Emirates |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : LIBERTY GENERAL TRADING LLC
Country of Origin : Sharjah, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 14th September 2004
Trade Licence Number : 528720
Chamber Membership Number : 65421
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Total Workforce : 5
Activities : General trade licence
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 40,000
COMPANY NAME
LIBERTY GENERAL
TRADING LLC
company ADDRESS
Registered & Physical Address
Location : Industrial Area No. 8
PO Box : 17
Town : Sharjah
Country : United Arab Emirates
Telephone : (971-6) 5351982
Facsimile : (971-6) 5332666
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
·
Sheikh Khalid
Abdulaziz Mohamed Saqir Emirati Managing Director
·
Ghulam
Murshid Bit Pakistani Director
·
Mohamed
Dafar Amam Mohamed Nooralddin Pakistani Director
·
Mohamed
Hizar Mohamed Adeeb Serdest Syrian Director
·
Ahmed
Nasir Awadh British Director
·
Ameer
Suama Alsa Telwar Portuguese Director
·
Mohamed
Mushref Hussain Bangladeshi Director
·
Sriram
Narauan Indian Director
·
B F
Kanka - Director
LEGAL FORM & OWNERS
Date of Establishment : 14th
September 2004
Legal Form :
Limited Liability Company -
LLC
Trade Licence No. : 528720
(Expires 12/09/2011)
Chamber Member No. : 65421
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Name of Shareholder
(s) Percentage
·
Sheikh
Khalid Abdulaziz Mohamed Saqir 51%
·
Ghulam
Murshid Bit 7%
·
Mohamed
Dafar Amam Mohamed Nooralddin 7%
·
Ahmed
Nasir Awadh 7%
·
Mohamed
Mushref Hussain 7%
·
Mohamed
Hizar Mohamed Adeeb Serdest 6%
·
Sriram
Narauan 6%
·
B F
Kanka 5%
·
Ameer Suama
Alsa Telwar 4%
OPERATIONS
Activities: Subject operates a general trade licence,
enabling it to distribute general merchandise.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Companies registered
in Sharjah, 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
·
Emirates
Bank International Ltd
Immigration Road
PO Box: 25090
Sharjah
Tel: (971-6) 5733300
Fax: (971-6) 5730077
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Please note that we
were not able to contact the company during our investigation. The information
in our report is based on registered data.
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.44.59 |
|
|
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.66.04 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.