MIRA INFORM REPORT
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Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL TRADERS GENERAL TRADING LLC |
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Registered Office : |
Al Ras Street,
Deira, P O Box 41700, 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 : |
15.10.2002 |
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Com. Reg. No.: |
60707, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail of general foodstuff productS. |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : INTERNATIONAL TRADERS GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 15th October 2002
Commercial Registration Number : 60707, Dubai
Trade Licence Number : 538584
Chamber Membership Number : 72511
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Total Workforce : 9
Activities : Wholesale and retail of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
INTERNATIONAL TRADERS GENERAL TRADING LLC
company ADDRESS
Registered &
Physical Address
Street : Al Ras Street
Area : Deira
PO Box : 41700
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2254011 / 2258686
Facsimile : (971-4) 2254022
Email : info@internationaltrader.ae
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Ehsan
Asghar Hosseini Iranian Managing Director
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Asghar
Hussain Hosseini Khoraskani Iranian Director
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Mansoor
Hassan Mohamed Ranjbar Al Marzouqi Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 15th
October 2002
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 60707, Dubai
Trade Licence No. : 538584
(Expires 14/10/2012)
Chamber Member No. : 72511
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Name of Shareholder
(s) Percentage
·
Mansoor
Hassan Mohamed Ranjbar Al Marzouqi 51%
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Ehsan
Asghar Hosseini 46%
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Asghar Hussain
Hosseini Khoraskani 3%
AFFILIATED COMPANIES
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Central
Food Distribution LLC
Dubai
OPERATIONS
Activities: Engaged in the wholesale and retail of
general foodstuff products, including sugar, rice, beans, nuts,
spices and canned foods.
Import
Countries: Europe and the
Far East.
Brand Names: MERILLA, IPOSEA, FRUBOB, CONSERVAS ALBO,
ARAS and JAGUAR
Operating Trend: Steady
Subject has a
workforce of 9 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
10,500,000 UAE Dh
10,925,000
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 Dubai
Baniyas Street
PO Box: 777
Dubai
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.49.78 |
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UK Pound |
1 |
Rs.80.11 |
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Euro |
1 |
Rs.68.82 |
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.