MIRA INFORM
REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MULTI BIZ TRADING LLC |
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Registered Office : |
Standard Chartered Building, 1st Floor, Office
No. 107, Al Ras, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.05.2007 |
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Com. Reg. No.: |
1009507, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuffs, beverages and general merchandise |
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No. of Employees
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06 |
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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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 : MULTI BIZ TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 8th May 2007
Commercial Registration Number : 1009507,
Trade Licence Number : 594973
Chamber Membership Number : 118853
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 6
Activities : Distributors of general foodstuffs, beverages and general merchandise.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Ismail Haji, Commercial Manager
MULTI BIZ TRADING
LLC
Registered &
Physical Address
Building : Standard Chartered Building, 1st
Floor, Office No. 107
Area : Al Ras
PO Box : 251197
Town :
Country :
Telephone : (971-4) 2369559
Facsimile : (971-4) 2369551
Email : mbtdxb@eim.ae
/ multiuae@eim.ae / multibiztrading@hotmail.com / metdxb@eim.ae
Please note that
subject’s previous address was,
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Saleem
Althaf Kasim Indian Managing Director
·
Abdulhakim
Raheem Bakhsh Murad Eissa Emirati Director
·
Mohamed
Ismail Haji - Commercial
Manager
Date of Establishment : 8th
May 2007
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1009507,
Trade Licence No. : 594973
(Expires 6th May 2012)
Chamber Member No. : 118853
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Abdulhakim
Raheem Bakhsh Murad Eissa 51%
·
Saleem
Althaf Kasim 49%
·
Archway
General Trading LLC
Tel : (971-4) 2261146
Activities: Engaged in the import and distribution of
general foodstuffs and beverages, including dry fruits, spices, pulses, rice,
beans, oil seeds and agro products. Subject is also registered to trade in
general merchandise.
Import
Countries:
Operating Trend: Steady
Subject has a workforce
of 6 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 9,835,000 UAE Dh 11,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Mohamed Ismail Haji, Commercial Manager
·
Mashreq
Bank Plc
Deira Branch
PO Box : 1250
Tel : (971-4) 2229131 / 2221134
Fax : (971-4) 2233784
·
Emirates
Bank
PO Box : 2923
Deira
Tel : (971-4) 2352521
Fax : (971-4) 2259984
Acc No. 1011324547301
No complaints
regarding subject’s payments have been reported.
Established in 2007,
subject is owned and managed by Mr Saleem Althaf Kasim, an Indian national who
operates in
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.