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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
QUALITY GULF CO LLC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.05.1995 |
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Com. Reg. No.: |
44806, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of computers and related hardware products. |
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No. of Employees : |
38 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
Company Name : QUALITY GULF CO LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 1st May 1995
Commercial Registration Number :
44806,
Trade Licence Number : 237715
Chamber Membership Number : 34075
Issued Capital : UAE Dh 450,000
Paid up Capital : UAE Dh 450,000
Total Workforce : 38
Activities : Distributors of computers and related hardware products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Ashwan Pajawni, Accountant
QUALITY GULF CO LLC
Building :
Street :
Area : Bur
PO Box : 24249
Town :
Country :
Telephone : (971-4) 3938111
Facsimile : (971-4)
3934858
Email : quality@emirates.net.ae
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Central Business Area of Dubai.
Branch Offices
Location Description
· PO Box: 28305 Office
premises
Tel: (971-2) 6766630
Fax: (971-2) 6767337
Name Nationality Position
· Pardeep Menghani Indian Managing
Director
· Vasant Menghani Indian Director
· Musbeh Al Suwaidi Emirati Director
· Ramesh Satiyan - Finance
Manager
· Ashwan Pajawni - Accountant
Date of
Establishment : 1st
May 1995
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 44806,
Trade Licence No. : 237715 (Expires 05/06/2012)
Chamber Member No. : 34075
Issued Capital : UAE Dh 450,000
Paid up Capital : UAE Dh 450,000
· Musbeh Al Suwaidi 51%
· Pardeep Menghani 25%
· Vasant Menghani 24%
· Quality Computers LLC
Tel: (971-4) 3522562
Fax: (971-4) 3522379
· Computer Centre LLC
Sharjah
Tel: (971-6) 5744800
Fax: (971-6) 5745900
· Q Line Electronics
LLC
Tel: (971-4)
3510588
Fax: (971-4)
3551608
· Touchmate ME FZCO
Tel: (971-4)
3937161
Fax: (971-4)
3937162
· Touchmate India
Pvt Ltd
Tel: (91-8800)
778881
Fax: (91-1126)
219396
· Andy Enterprises
LLC
Tel: (971-4)
3332825
Fax: (971-4)
3334837
· Q Line Security
Systems LLC
Tel: (971-4)
3510498
Fax: (971-4)
3551608
Activities: Engaged in the import and distribution of computers and related
hardware products.
Import Countries: Europe and the
International Suppliers:
· InkTek Technology
& Vision Co
· AGN Computers
Brand Names: TOUCHMATE, IMATION, CREATIVE, VIEWSONIC, SAMSUNG,
IBM, BENQ, MICROSOFT,
LOGITECH, INTEL,
SEAGATE and HP
Operating Trend: Steady
Subject has a workforce of 38 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 42,000,000 UAE Dh
45,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
National Bank of
PO Box:
777
Tel:
(971-4) 2222241
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.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
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.