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Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
TOP LINK INTERNATIONAL GENERAL TRADING LLC |
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|
|
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Registered Office : |
Sheikh Ahmed Bin
Rashid Al Maktoum Building, 1st Floor, Suite No. 101, Al Mina
Street, Bur Dubai, P O Box
52241, Dubai |
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|
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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 : |
02.05.1992 |
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Com. Reg. No.: |
55808, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of steel and hardware |
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No. of Employees : |
06 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : TOP LINK INTERNATIONAL GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 2nd May 1992
Commercial Registration Number : 55808, Dubai
Trade Licence Number : 227852
Chamber Membership Number : 23915
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 6
Activities : Distributors of steel and hardware.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Daswani Chandru Hemandas, Managing Director
TOP LINK
INTERNATIONAL GENERAL TRADING LLC
Registered &
Physical Address
Building : Sheikh Ahmed Bin Rashid Al
Maktoum Building, 1st Floor, Suite No. 101
Street : Al Mina Street
Area : Bur Dubai
PO Box : 52241
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3936778
Facsimile : (971-4) 3936898
Email : toplink@emirates.net.ae
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
·
PO Box:
10672 Warehouse
premises
Dubai
Tel: (971-4) 3527243
Fax: (971-4) 2276277
Name Nationality Position
·
Daswani
Chandru Hemandas Indian Managing
Director
·
Rajeev
Daswani Chandru Indian Director
·
Daswani
Mona Chandru Indian Director
·
Hamed
Mahmood Abdul Rahim Noori Emirati Director
·
Suzan
Abraham - Administration
Executive
Date of Establishment : 2nd
May 1992
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 55808, Dubai
Trade Licence No. : 227852
(Expires 29/09/2013)
Chamber Member No. : 23915
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Hamed
Mahmood Abdul Rahim Noori 51%
·
Daswani
Chandru Hemandas 25%
·
Rajeev
Daswani Chandru 12%
·
Daswani
Mona Chandru 12%
·
Marami
Plating LLC
Dubai
Activities: Engaged in the import and distribution of
steel and hardware.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 6 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 9,110,000 UAE Dh 9,400,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
Baroda
PO Box: 3162
Dubai
Tel: (971-4) 5531955
Fax: (971-4) 5536962
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.55.19 |
|
UK Pound |
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.69.16 |
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.