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Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
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Name : |
KOHINOOR INTERNATIONAL GENERAL TRADING LLC |
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Registered Office : |
Rigga Business Centre, Office No. 4002, |
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Country : |
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Date of Incorporation : |
24.08.2008 |
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Com. Reg. No.: |
1034033, |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Import and distribution of general foodstuffs, including nuts, rice,
cocoa, flour, seeds and coffee. |
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No. of Employees : |
10 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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
UAE |
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 |
United Arab Emirates - ECONOMIC OVERVIEW
The UAE has an open economy with a high per capita income and a sizable
annual trade surplus. Successful efforts at economic diversification have
reduced the portion of GDP based on oil and gas output to 25%. Since the
discovery of oil in the UAE more than 30 years ago, the UAE has undergone a
profound transformation from an impoverished region of small desert
principalities to a modern state with a high standard of living. The government
has increased spending on job creation and infrastructure expansion and is
opening up utilities to greater private sector involvement. In April 2004, the
UAE signed a Trade and Investment Framework Agreement with
|
Source : CIA |
Company Name :
KOHINOOR INTERNATIONAL GENERAL TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company – LLC
Registration Date :
24th August 2008
Commercial Registration Number :
1034033,
Trade Licence Number :
615528
Chamber Membership Number :
150094
Issued Capital :
UAE Dh 300,000
Paid up Capital :
UAE Dh 300,000
Total Workforce :
10
Activities :
Distributors of general foodstuffs
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
KOHINOOR INTERNATIONAL GENERAL TRADING LLC
Building : Rigga Business Centre,
Office No. 4002
Street :
Area : Deira
PO Box : 185579
Town :
Country :
Telephone : (971-4) 2517789
Facsimile : (971-4)
2284543 / 2529118
Email : info@kohinoorinc.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
Name Nationality Position
· Faheem Asad American Managing
Director
· Irfan Ahmed
Mohamed Hanif Pakistani Director
· Saleh Abdullah
Saleh Al Qasimi Emirati Director
Date of
Establishment: 24th August 2008
Legal Form : Limited Liability Company
– LLC
Commercial Reg.
No. : 1034033,
Trade Licence No. : 615528 (Expires 23/08/2013)
Chamber Member No.: 150094
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Saleh Abdullah
Saleh Al Qasimi 51%
· Faheem Asad 34%
· Irfan Ahmed
Mohamed Hanif 15%
Activities: Engaged in the import and distribution of general foodstuffs, including
nuts, rice, cocoa, flour, seeds and coffee.
Import Countries: Europe and the
Clients:
· Olam International
· Swiss
· Pargan Singapore
Pvt Ltd
· Hakan Agro DMCC
· Apollo
International FZE
· Ecom Agro
Industrial Pvt Ltd
Subject has a workforce of 10 employees.
Companies registered in
·
Standard Chartered Bank
PO Box: 241
Tel: (971-4)
2520455
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
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Indian
Rupees |
|
US Dollar |
1 |
Rs.54.20 |
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|
1 |
Rs.86.99 |
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Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
|
<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.