MIRA
INFORM REPORT
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Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
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Name : |
AHLAN GROUPS GENERAL TRADING LLC |
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Registered Office : |
Abdulrahim Abdullah Hussain Al Khoury Building Al Ras Street Al Ras PO
Box 111457 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 : |
09.08.2005 |
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Com. Reg. No.: |
75653, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of building materials, cement, limestone, gypsum, steel and ready made garments. |
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$ 300,000 |
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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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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 : AHLAN GROUPS GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 9th August 2005
Commercial Registration Number : 75653, Dubai
Trade Licence Number : 572212
Chamber Membership Number : 100074
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 4
Activities : Distributors of building materials, cement, limestone, gypsum, steel and
ready made garments.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
Person Interviewed : Sheikh Mohamed Fareed Khan, Finance Manager
COMPANY NAME
AHLAN GROUPS GENERAL TRADING LLC
ADDRESS
Registered & Physical Address
Building : Abdulrahim
Abdullah Hussain Al Khoury Building
Street : Al Ras
Street
Area : Al Ras
PO Box : 111457
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2350560
/ 2352020
Facsimile : (971-4)
2352002
Email : ahlanco@emirates.net.ae
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Mohamed Ayub Khan
Ismail Indian Managing Director
· Mohamed Mahmood
Mohamed Estadi Emirati Director
· Sheikh
Mohamed Fareed Khan - Finance
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 9th
August 2005
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 75653, Dubai
Trade Licence No. : 572212
Chamber Member No. : 100074
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Mohamed Mahmood
Mohamed Estadi 51%
· Mohamed Ayub Khan
Ismail 49%
AFFILIATED COMPANIES
· Ahlan Cleaning
& Security Services LLC
PO Box: 111457
Dubai
OPERATIONS
Activities: Engaged in the import and distribution of building materials, cement,
limestone, gypsum, steel and readymade garments.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 4 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 24,200,000 UAE Dh
27,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Sheikh Mohamed Fareed Khan,
Finance Manager
BANKERS
·
Commercial Bank of Dubai
Mankhool Street
PO Box: 2668
Dubai
Tel: (971-4)
3523355
Fax: (971-4)
3527655 / 2524796
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.48.82 |
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|
1 |
Rs.75.48 |
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Euro |
1 |
Rs.66.10 |
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.