MIRA INFORM REPORT
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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
GAUTAM GENERAL TRADING LLC |
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Registered Office : |
Shop No. 6/7, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.08.2005 |
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Com. Reg. No.: |
75767, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of fresh and frozen foodstuffs |
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No. of Employees
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90 |
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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : GAUTAM GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 15th August 2005
Commercial Registration Number : 75767,
Trade Licence Number : 572403
Chamber Membership Number : 100240
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 90
Activities : Distributors of fresh and frozen foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Gautam Agrawal Sanjiv Agrawal, Director
GAUTAM GENERAL TRADING LLC
Registered &
Physical Address
Building : Shop No. 6/7,
Street :
Area : Al Ras Area
PO Box : 33262 & 120740
Town :
Country :
Telephone : (971-4) 2353427 / 2353428 / 2353429
Facsimile : (971-4) 2353851
Email : ggtgroup@eim.ae
Please note
subject’s previous address was:
Premises
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Dubai.
Name Nationality Position
·
Shumant
Agrawal Mahesh Kumar Indian Managing Director
·
Sanjiv
Agrawal Hari Ram Indian Director
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Gautam
Agrawal Sanjiv Agrawal Indian Director
·
Abdullah
Ahmed Abdullah Hassan Al Najjar Emirati Director
Date of Establishment : 15th
August 2005
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 75767,
Trade Licence No. : 572403
(Expires 14/08/2012)
Chamber Member No. : 100240
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Abdullah
Ahmed Abdullah Hassan Al Najjar 51%
·
Shumant
Agrawal Mahesh Kumar ]
]
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Sanjiv
Agrawal Hari Ram ] 49%
]
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Gautam
Agrawal Sanjiv Agrawal ]
·
Gautam Foodstuff
Packaging LLC
Tel: (971-4) 8868616
Fax: (971-4) 8868618
·
Gautam
Foodstuff Trading LLC
Activities: Engaged in the import and distribution of
fresh and frozen foodstuffs.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 90 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
78,500,000 UAE Dh
83,000,000
Local sources
consider subject’s financial condition to be Good.
The above figures
were provided by Mr Gautam
Agrawal Sanjiv Agrawal, Director
·
Habib
Bank AG
PO Box: 3306
Tel: (971-4) 2214535
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.51.62 |
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1 |
Rs.81.94 |
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Euro |
1 |
Rs.67.65 |
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.