|
Report Date : |
11.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNION BEVERAGES FACTORY LLC |
|
|
|
|
Registered Office : |
Sheikh Zayed Road Jebel Ali Industrial Area |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.11.2003 |
|
|
|
|
Com. Reg. No.: |
63656, |
|
|
|
|
Legal Form : |
Limited Liability Company - LLC |
|
|
|
|
Line of Business : |
Manufacturers and bottlers soft drinks, juices and mineral water. |
|
|
|
|
No. of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 250,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
UAE |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : UNION BEVERAGES FACTORY LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 1st November 2003
Commercial Registration Number :
63656,
Trade Licence Number : 547573
Chamber Membership Number : 81690
Issued Capital : UAE Dh 54,000,000
Paid up Capital : UAE Dh 54,000,000
Total Workforce : 300
Activities : Manufacturers and bottlers soft drinks, juices and mineral water.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
UNION BEVERAGES FACTORY LLC
Street :
Area : Jebel Ali
Industrial Area No. 2
PO Box : 113760 &
804
Town :
Country :
Telephone : (971-4) 8802828
Facsimile : (971-4)
8802929
Email : ubf@ubf.ae
Subject operates from a large suite of offices and a factory that are
rented and located in the Industrial Area of Dubai.
Name Position
· Mohamed Abdullah Omran Al Omran Managing
Director
· Abdullatif Mohamed Abdullah Omran Al Omran Director
· Ayman Yousri Al Douik Director
· Mohamed Ahmed Human
Resources Manager
· Manu Sam Finance
Manager
· Hakob Kashtrian Factory
Manager
Date of
Establishment : 1st
November 2003
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 63656,
Trade Licence No. : 547573 (Expires 28/07/2012)
Chamber Member No. : 81690
Issued Capital : UAE Dh 54,000,000
Paid up Capital : UAE Dh 54,000,000
· Mohamed Abdullah Omran Al Omran
· Abdullatif Mohamed Abdullah Omran Al Omran
·
Ayman Yousri Al Douik
· Harwal Ltd
· Interplast
Sharjah
· Harwal Containers Manufacturing LLC (HCM)
Activities: Engaged in the manufacturing and bottling of soft drinks, juices and
mineral water.
Import Countries: Europe and the
Brand Names: MAAZA, ROYAL CROWN COLA, FRUIT CHUNKS and AQUA Q
Operating Trend: Steady
Subject has a workforce of approximately 300 employees.
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales UAE
Dh 73,500,000 UAE Dh
76,200,000
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
PO Box: 2668
Tel: (971-4)
3523355
Fax: (971-4)
3527655 / 2524796
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.51.20 |
|
|
1 |
Rs.81.50 |
|
Euro |
1 |
Rs.67.15 |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.