MIRA
INFORM REPORT
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Report Date : |
24.11.2011 |
IDENTIFICATION DETAILS
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Name : |
KAMRANI GENERAL TRADING LLC |
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Registered Office : |
Emirates Bank Building, Mezzanine Floor, Office No. 109 Al Ras Street Al Ras, Deira PO Box 27239
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 : |
18.07.2004 |
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Com. Reg. No.: |
68960, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of general foodstuffs |
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No. of Employees : |
18 |
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$ 250,000 |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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UAE |
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 : KAMRANI GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 18th July 2004
Commercial Registration Number : 68960, Dubai
Trade Licence Number : 559565
Chamber Membership Number : 89371
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 18
Activities : Distributors of general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
COMPANY NAME
KAMRANI GENERAL TRADING LLC
ADDRESS
Registered & Physical Address
Building : Emirates Bank Building, Mezzanine Floor, Office No. 109
Street : Al Ras
Street
Area : Al Ras,
Deira
PO Box : 27239
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2202112
Facsimile : (971-4)
2202113
Email : kamranitrdco@yahoo.com / kamrani@eim.ae
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
· Hamid Mohamed
Kamrani Iranian Managing
Director
· Amin Hamid Mohamed
Kamrani Iranian Director
· Mahmood Hussain
Ali Kikha Baghshi Emirati Director
· Ismail Mohamed - Sales
Manager
· K Arun - Accountant
LEGAL FORM & OWNERS
Date of
Establishment : 18th
July 2004
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 68960, Dubai
Trade Licence No. : 559565 (Expires 17/07/2012)
Chamber Member No. : 89371
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Mahmood Hussain
Ali Kikha Baghshi 51%
· Hamid Mohamed
Kamrani 25%
· Amin Hamid Mohamed
Kamrani 24%
OPERATIONS
Activities: Engaged in the import and distribution of general foodstuffs, including
dried fruit and rice.
Import Countries: France and Belgium.
Export Countries: Egypt, Sudan, Libya, Algeria and Saudi Arabia.
Operating Trend: Steady
Subject has a workforce of 18 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 16,400,000 UAE Dh
17,000,000
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
Baniyas Street
Deira
PO Box: 1709
Dubai
Tel: (971-4)
2227121 / 2253222
Fax: (971-4)
2220943 / 2254565
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.52.10 |
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|
1 |
Rs.81.30 |
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Euro |
1 |
Rs.70.07 |
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 |
-- |
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.