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Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ONTARIO GENERAL TRADING LLC |
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Registered Office : |
Mater Al Tayer Building,
Meena Road, Al Hudhaibah, P O Box 124766, 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 : |
23.04.2007 |
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Com. Reg. No.: |
1008848, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of disposable medical equipment and supplies |
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No. of Employees : |
05 employees |
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 : ONTARIO GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 23rd April 2007
Commercial Registration Number : 1008848, Dubai
Trade Licence Number : 594384
Chamber Membership Number : 118304
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Distributors of disposable medical equipment and supplies
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ONTARIO GENERAL
TRADING LLC
Registered &
Physical Address
Building : Mater Al Tayer Building
Street : Meena Road
Area : Al Hudhaibah
PO Box : 124766
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3987990
Facsimile : (971-4) 3987996
Mobile : (971-50) 5134541
Email : ogt2000@live.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Suzan
Aljarousha Canadian Managing
Director
·
Eissa
Aljarousha Canadian Director
·
Nassar
Aljarousha Canadian Director
·
Matar Salem
Bader Al Dhahri Emirati Director
Date of Establishment : 23rd
April 2007
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1008848,
Dubai
Trade Licence No. : 594384
(Expires 22/04/2013)
Chamber Member No. : 118304
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Matar
Salem Bader Al Dhahri 51%
·
Suzan
Aljarousha 29%
·
Eissa
Aljarousha 10%
·
Nassar
Aljarousha 10%
Activities: Engaged in the import and distribution of
disposable medical equipment and supplies.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 5 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 8,700,000 UAE Dh 9,000,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Emirates
National Bank of Dubai
Baniyas Street
PO Box: 777
Dubai
Tel: (971-4) 2222241
No complaints
regarding subject’s payments have been reported.
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 company is deemed 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 |
|
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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 |
|
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.