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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HAMDI & CHICKOO TRADING 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 : |
21.02.1984 |
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Com. Reg. No.: |
41968, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of
readymade garments, textiles and footwear |
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No. of Employees : |
13 |
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 – September 30, 2011
|
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 |
|
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 : HAMDI &
CHICKOO TRADING CO LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 21st
February 1984
Commercial
Registration Number : 41968,
Trade Licence
Number : 203638
Chamber Membership
Number : 1793
Issued Capital : UAE Dh
800,000
Paid up Capital : UAE Dh
800,000
Total Workforce : 13
Activities :
Distributors of readymade garments, textiles and footwear
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
HAMDI & CHICKOO TRADING CO LLC
Building : Abdullah Ali Bu Shaqr Building
Street :
Area : Al Bateen
PO Box : 26893 &
7850 & 15454
Town :
Country : United Arab Emirates
Telephone : (971-4) 2265403
Facsimile : (971-4) 2259826
Email : kheylani@emirates.net.ae
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Dubai.
Name Nationality Position
·
Girdhari
Naraindas Kheylani Indian Managing Director
·
Suresh
Girdhari Kheylani Indian Director
·
Ashok
Kumar Sajnani Indian Director
·
Jopi
Bhai Indian Director
·
Abdullah
Al Sayed Ahmad Al Sayed Yousuf Al Hashimi Emirati Director
Date of Establishment : 21st
February 1984
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 41968,
Trade Licence No. : 203638 (Expires
20/02/2013)
Chamber Member No. : 1793
Issued Capital : UAE Dh 800,000
Paid up Capital : UAE Dh 800,000
·
Abdullah
Al Sayed Ahmad Al Sayed Yousuf Al Hashimi 51%
·
Suresh
Girdhari Kheylani 16%
·
Ashok
Kumar Sajnani 11%
·
Girdhari
Naraindas Kheylani 11%
·
Jopi
Bhai 11%
Activities: Engaged in the import and distribution of
readymade garments, textiles and footwear.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 13 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 15,300,000 UAE Dh 15,925,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.48 |
|
|
1 |
Rs.84.65 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
|
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 |
|
<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.