|
Report Date : |
24.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HARDIN GENERAL
TRADING LLC |
|
|
|
|
Registered Office : |
Mohamoud
Al Dalal Building, Ground Floor, Shop No. 6, Al Hadd Street, Al Ras Area, 30961
Dubai |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
08.01.2007 |
|
|
|
|
Com. Reg. No.: |
1001114, |
|
|
|
|
Legal Form : |
Limited Liability Company - LLC |
|
|
|
|
Line of Business : |
Wholesale and
retail of general foodstuff products |
|
|
|
|
No. of Employees : |
25 |
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$ 750,000 |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : HARDIN GENERAL TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 8th
January 2007
Commercial
Registration Number : 1001114,
Trade Licence
Number : 587482
Chamber Membership
Number : 112283
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 25
Activities :
Wholesale and retail of general foodstuff products.
Financial Condition : Good
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 750,000
Person Interviewed : Shah Nalin Kumar
Kalab Chand, Director
HARDIN GENERAL
TRADING LLC
Building : Mohamoud
Al Dalal Building, Ground Floor, Shop No. 6
Street :
Area : Al Ras Area
PO Box : 30961
Town :
Country :
Telephone : (971-4) 2265982 / 2265984
Facsimile : (971-4) 3390396 / 2265984
Email : hardin@eim.ae
Subject operates from
a medium sized suite of offices and a showroom that are rented and located in
the Central Business Area of Dubai.
Branch Office
(s)
Location Description
·
Al Quoz
Industrial Area No. 3 Warehouse
premises
Tel: (971-4) 3390399
Fax: (971-4) 3390936
Name Nationality Position
·
Harish
Krishnan Indian Managing
Director
·
Shah
Nalin Kumar Kalab Chand Indian Director
·
Subramaniam
Krishnan Shanker Indian Director
·
Salim
Saeed Thani Juma Khawan Emirati Director
·
Denish
Krishnan - Financial
Manager
Date of Establishment : 8th
January 2007
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1001114,
Trade Licence No. : 587482 (Expires
01/11/2012)
Chamber Member No. : 112283
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Harish
Krishnan
·
Shah
Nalin Kumar Kalab Chand
·
Subramaniam
Krishnan Shanker
·
Salim
Saeed Thani Juma Khawan
Activities: Engaged in the wholesale and retail of
general foodstuff products, including sugar.
Import
Countries:
International
Suppliers:
·
ITC
·
Uma
Sugar
·
Energy
Inc
·
August
Toffer & Co
Brand Names: HARDIN
Operating Trend: Steady
Subject has a
workforce of 25 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 68,800,000 UAE Dh 73,500,000
Local sources
consider subject’s financial condition to be Good.
The above figures
were provided by Mr Shah Nalin Kumar Kalab Chand, Director
·
Habib
Bank Ltd
Trade Service Centre
Murshid Bazaar
PO Box: 888
Tel: (971-4) 2221281
Fax: (971-4) 2284631
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.52.23 |
|
|
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.68.84 |
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.