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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ALI ASKARI GERASHI GENERAL TRADING LLC |
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Registered Office : |
Mohamed Noor Khadim
Building, Mezzanine Floor, Al Ras Area, Deira, PO Box: 4096, Dubai |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.10.1979 |
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Com. Reg. No.: |
41572 |
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Legal Form : |
Limited Liability Company |
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line of business
: |
Wholesale and retail of general foodstuffs. |
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No. of Employees : |
35 |
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
United Arab Emirates |
A2 |
A2 |
|
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 :
ALI ASKARI GERASHI GENERAL TRADING LLC
Country of Origin :
Dubai, United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date :
15th October 1979
Commercial Registration Number :
41572, Dubai
Trade Licence Number : 203711
Chamber Membership Number :
6146
Issued Capital :
UAE Dh 3,000,000
Paid up Capital :
UAE Dh 3,000,000
Total Workforce :
35
Activities :
Wholesale and retail of general foodstuffs.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Hassan Ali Baba Hussain Ali
Askari, Sales Manager
ALI ASKARI GERASHI GENERAL TRADING LLC
Registered & Physical Address
Building : Mohamed Noor Khadim Building, Mezzanine
Floor
Area : Al Ras Area, Deira
PO Box : 4096
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2260534
/ 2255782
Facsimile : (971-4)
2262709 / 2625126
Mobile : (971-50)
2514242 / 4736472
Email : askarinuts@hotmail.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
Branch Office (s)
Location Description
Al Sabkha Road Showroom
premises
Al Sabkha Market
Tel: (971-4) 2261201
Fax: (971-4) 2625126
Name Nationality Position
Ali Baba Hussain Ali Askari Iranian Managing Director
Mahmood Ghuloom Hussain Ahmed Al Attar Emirati Director
Mahdi Ali Baba Hussain
Ali Askari - Commercial
Manager
Hussain Ali Baba Hussain
Ali Askari - Financial
Manager
Hassan Ali Baba Hussain
Ali Askari - Sales
Manager
Date of Establishment : 15th
October 1979
Legal Form : Limited Liability
Company - LLC
Commercial Reg. No. : 41572, Dubai
Trade Licence No. : 203711
Chamber Member No. : 6146
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Name of
Shareholder (s) Percentage
Mahmood Ghuloom Hussain Ahmed Al Attar 51%
Ali Baba Hussain Ali Askari 49%
Activities: Engaged in the wholesale and retail of general foodstuffs including
dried fruits, nuts, seeds, pulses, rice and lentils.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 35 employees.
Financial highlights provided by local sources are given below:
Currency: United Arab Emirates Dirham (UAE Dh)
Year Ending 31/12/10: Year Ending 31/12/11:
Total Sales UAE
Dh 13,615,000 UAE
Dh 14,175,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
HSBC Bank Middle East
Deira Souk Branch
PO Box: 66
Dubai
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.55.99 |
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UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.