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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
METRO INTERNATIONAL
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 : |
22.04.1995 |
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Com. Reg. No.: |
44765, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distribution of aluminum packaging materials, workshop tools, construction Chemicals and equipment. |
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No. of Employees : |
14 |
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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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 : METRO INTERNATIONAL
LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 22nd
April 1995
Commercial
Registration Number : 44765,
Trade Licence Number : 237638
Chamber Membership
Number : 33827
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 14
Activities :
Distribution of aluminium packaging materials, workshop tools, construction
chemicals and
equipment.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
METRO INTERNATIONAL
LLC
Building : Sheikha Mariam Building, 2nd
Floor, Office No. 201
Street :
Area : Deira
PO Box : 13519
Town :
Country : United Arab Emirates
Telephone : (971-4) 2214556
Facsimile : (971-4) 2241785
Email : musti@emirates.net.ae / musti@metrointl.net / sales@metrointl.net
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Name Nationality Position
·
Mustafa
Hussaini Bootwala Indian Managing Director
·
Hussaini
Ahmed Ali Bootwala Indian Director
·
Khalifa
Mohamed Khisro Abdullah Emirati Director
·
·
Savier
Anthony - Administration
Manager
Date of Establishment : 22nd
April 1995
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 44765,
Trade Licence No. : 237638
(Expires 21/04/2013)
Chamber Member No. : 33827
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Khalifa
Mohamed Khisro Abdullah 51%
·
Mustafa
Hussaini Bootwala ]
] 49%
·
Hussaini
Ahmed Ali Bootwala ]
·
Bootwala
Industries
Mumbai
Activities: Engaged in the import and distribution of aluminium
packaging materials, workshop tools, construction
chemicals and equipment.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 14 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 10,500,000 UAE Dh 11,125,000
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
·
HSBC
Bank
Deira Souk Branch
PO Box: 66
Tel:
(971-4) 2535000
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 |
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|
1 |
Rs.84.65 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
-- |
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.