MIRA INFORM REPORT
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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ANJALI METAL MATERIALS TRADING LLC |
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Registered Office : |
Al Fahidi Building No. 2, 5th Floor, Office No. 502, Al
Mankhool Street, Deira, P O
Box 49870, Dubai |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.02.2003 |
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Com. Reg. No.: |
61792, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and distribution of scrap and waste metals |
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No. of Employee: |
50 |
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$ 500,000 |
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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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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 : ANJALI METAL MATERIALS TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 18th February 2003
Commercial Registration Number : 61792,
Trade Licence Number : 542155
Chamber Membership Number : 75415
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 50
Activities : Import and distribution of scrap and waste metals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 500,000
Person Interviewed : Rama Durai, Finance Manager
ANJALI METAL MATERIALS TRADING LLC
Registered &
Physical Address
Building : Al Fahidi Building No. 2, 5th
Floor, Office No. 502
Street :
Area : Deira
PO Box : 49870
Town :
Country :
Telephone : (971-4) 3511222 / 3511464
Facsimile : (971-4) 3511200 / 3511465
Email : sanjeev@indicaa.ae
Premises
Subject operates from
a medium sized suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Sanjeev
Garg Gulab Chand Indian Managing
Director
·
Juma
Abdul Rahman Al Matroushi Emirati Director
·
Geral
Fernandes - Marketing
Manager
·
Rama
Durai - Finance
Manager
Date of Establishment : 18th
February 2003
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 61792,
Trade Licence No. : 542155
(Expires 15/02/2012)
Chamber Member No. : 75415
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Juma
Abdul Rahman Al Matroushi 51%
·
Sanjeev
Garg Gulab Chand 49%
·
Indicaa
Group Ltd
Jebel Ali Free Zone
Tel: (971-4) 8817817
Fax: (971-4) 8818826
Activities: Engaged in the import and distribution of
scrap and waste metals.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 50 employees.
Financial
highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE Dh
17,300,000 UAE Dh
20,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Rama Durai, Finance Manager
·
Bank of
PO Box: 3162
Tel: (971-4) 5531955
Fax: (971-4) 5536962
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.44 |
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1 |
Rs.81.96 |
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Euro |
1 |
Rs.67.60 |
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.