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Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ABDUL WAHAB AL
MUHAIDIB GENERAL TRADING LLC |
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Formerly Known As : |
A W M GENERAL
TRADING LLC |
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Registered Office : |
Abdul Wahab Al Muhaidib Warehouse, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.12.1994 |
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Com. Reg. No.: |
32792, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of
household and kitchenware. |
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No. of Employees : |
54 |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company Name :
ABDUL WAHAB AL MUHAIDIB GENERAL TRADING LLC
Also Known As : A W M
GENERAL TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 18th
December 1994
Commercial
Registration Number : 32792,
Trade Licence Number :
236532
Chamber Membership
Number : 32779
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 54
Activities :
Distributors of household and kitchenware.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
ABDUL WAHAB AL
MUHAIDIB GENERAL TRADING LLC
ALSO
KNOWN AS: A W M
GENERAL TRADING LLC
Building : Abdul Wahab
Al Muhaidib Warehouse
Street :
Area : Al Quoz
Industrial Area
PO Box : 53728
Town :
Country :
Telephone : (971-4) 3390017
Facsimile : (971-4) 3390026
Email : awmgentr@eim.ae / awmgentr@emirates.net.ae / admin@awmgroup.ae
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Dubai.
Branch Offices
Location Description
·
Al Ras Area Showroom
premises
Tel: (971-4) 2264376
Fax:
(971-4) 2268773
Name Nationality Position
·
Abdul Wahab Yousef Ahmad Al Muhaidib Emirati Managing
Director
·
Khalid Abdul Wahab Yousuf Al Muhaidib Emirati Director
·
Yousuf Abdul Wahab Yousuf Al Muhaidib Emirati Director
·
Ahmad Abdul Wahab Ahmad Al Muhaidib Emirati Director
·
Henrich Richard - Finance
Manager
Date of Establishment : 18th
December 1994
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 32792, Dubai
Trade Licence No. : 236532
Chamber Member No. : 32779
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Abdul Wahab Yousef Ahmad Al Muhaidib 95%
·
Khalid Abdul Wahab Yousuf Al Muhaidib 2%
·
Yousuf Abdul Wahab Yousuf Al Muhaidib 2%
·
Ahmad Abdul Wahab Ahmad Al Muhaidib 1%
Activities: Engaged in the import and distribution of
household and kitchenware, including bowls, pots,
pans, baskets, glassware,
jugs and cutlery.
Import
Countries: Europe and
India.
International
Suppliers:
·
A K Enterprises India
·
Asian Advertiser India
Brand Names: YURI, ASID and BLACKSTONE
Operating Trend: Steady
Subject has a
workforce of 54 employees.
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales UAE Dh 15,775,000 UAE Dh 16,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Commercial
Bank of Dubai
Baniyas Street
Deira
PO Box: 1709
Dubai
Tel: (971-4) 2227121 / 2253222
Fax: (971-4) 2220943 / 2254565
No complaints
regarding subject’s payments have been reported.
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.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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 |
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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.