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Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
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Name : |
EXPEDITER GENERAL TRADING LLC |
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Registered Office : |
Naif Zone, Deira,
P O Box 171725, 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 : |
19.08.2006 |
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Com. Reg. No.: |
998587, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of construction equipment, building materials and transportation equipment |
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No. of Employees : |
07 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : EXPEDITER GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 19th August 2006
Commercial Registration Number : 998587, Dubai
Trade Licence Number : 584990
Chamber Membership Number : 111853
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 7
Activities : Distributors of construction equipment, building materials and
transportation equipment
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
EXPEDITER GENERAL
TRADING LLC
Registered &
Physical Address
Location : Naif Zone, Deira
PO Box : 171725
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2711446 / 2727867
Facsimile : (971-4) 2726649
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Dubai.
Name Nationality Position
·
Saeed Khoram
Rasool Mazem Rasool Pakistani Managing
Director
·
Saeed
Mujahid Rasool Saeed Mazem Rasool Pakistani Director
·
Saeed
Rihan Rasool Saeed Mazem Rasool Pakistani Director
·
Ahmed
Mohamed Abdullah Mohamed Emirati Director
Date of Establishment : 19th
August 2006
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 998587,
Dubai
Trade Licence No. : 584990
Chamber Member No. : 111853
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Ahmed
Mohamed Abdullah Mohamed 51%
·
Saeed
Khoram Rasool Mazem Rasool ]
]
·
Saeed
Mujahid Rasool Saeed Mazem Rasool ] 49%
]
·
Saeed
Rihan Rasool Saeed Mazem Rasool ]
Activities: Engaged in the import and distribution of
construction equipment, building materials and transportation
equipment.
Import
Countries: Europe and the Far East
Operating Trend: Steady
Subject has a
workforce of 7 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
10,270,000 UAE Dh
10,600,000
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.55.51 |
|
UK Pound |
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.