MIRA
INFORM REPORT
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Report Date : |
27.05.2011 |
IDENTIFICATION DETAILS
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Name : |
AJR GLOBAL ENGINEERING & CONSTRUCTION LLC |
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Registered Office : |
Al |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.09.2006 |
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Com. Reg. No.: |
1002753, |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Engaged in the installation and maintenance of air conditioning
systems |
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, 2010
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 :
AJR GLOBAL ENGINEERING & CONSTRUCTION LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date :
12th September 2006
Commercial Registration Number : 1002753, Dubai
Trade Licence Number :
118530
Chamber Membership Number :
110925
Issued Capital :
UAE Dh 300,000
Paid up Capital :
UAE Dh 300,000
Total Workforce :
90
Activities :
Installers and maintainers of air conditioning systems.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit :
US$ 150,000
COMPANY NAME
AJR GLOBAL ENGINEERING & CONSTRUCTION LLC
company ADDRESS
Registered & Physical Address
Building : Al Masoori
Building, 1st Floor, Suite No. 40
Street :
Area : Ras Al Khor
Area
PO Box : 48202
Town :
Country :
Telephone : (971-4) 2895142
/ 3338115
Facsimile : (971-4)
2895143
Email : info@airglobalengg.com
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Abubaitha Mohamed Farook Indian Managing
Director
· Shehabuddin Aba
Jaber Indian Director
· Adel Khalil
Abdulla Albannai Emirati Director
· Abu Jabeer - Technical
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 12th
September 2006
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 1002753,
Trade Licence No. : 118530 (Expires 15/08/2011)
Chamber Member No. : 110925
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Adel Khalil
Abdulla Albannai 51%
· Abubaitha Mohamed
Farook 33%
· Shehabuddin Aba
Jaber 16%
OPERATIONS
Activities: Engaged in the installation and maintenance of air conditioning
systems. Subject’s activities include,
supply and fixing of chilled water pipes, chiller pumps, valves and
controls, fabrication and fixing of SS,
MS, PI ducts, grilles and diffusers, testing and commissioning of
installations, supply and erection of
exhaust systems, supply and fixing of fire fighting systems.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a workforce of 90 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE
Dh 22,450,000 UAE Dh
23,800,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local sources.
BANKERS
·
National Bank of
PO Box:
777
Tel:
(971-4) 2222241
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.45.29 |
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1 |
Rs.73.84 |
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Euro |
1 |
Rs.64.18 |
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.