MIRA INFORM REPORT
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Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ROYAL TOOBA FOODSTUFF TRADING CO LLC |
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Registered Office : |
Sheikh Hasher
Maktoum Building, 3rd Floor, Office No. 301, Al Ras, Deira, P O
Box 481, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
26.02.2009 |
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Com. Reg. No.: |
1041425, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and distribution of foodstuff and beverages |
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No. of Employees
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05 |
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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Maximum Credit Limit : |
US$ 150,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United Arab Emirates |
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 |
SUMMARY
Company Name : ROYAL TOOBA FOODSTUFF TRADING CO LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 26th February 2009
Commercial Registration Number : 1041425, Dubai
Trade Licence Number : 622413
Chamber Membership Number : 168696
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Import and distribution of foodstuff and beverages.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Abdul Qassim Abdul Kayoum, Sales Manager
COMPANY NAME
ROYAL TOOBA FOODSTUFF TRADING CO LLC
company ADDRESS
Registered &
Physical Address
Building : Sheikh Hasher Maktoum Building, 3rd
Floor, Office No. 301
Area : Al Ras, Deira
PO Box : 481
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2946464 / 4110029
Facsimile : (971-4) 2946667
Mobile : (971-50) 8581335
Email : tooba@eim.ae / toobarice@gmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Branch Offices
Location Description
·
Sharjah
Industrial Area No. 10 Warehouse
premises
Sharjah
KEY PRINCIPALS
Name Nationality Position
·
Abdul
Reza Abbas Yousefi Iranian Managing
Director
·
Mohamed
Hassan Saeed Emirati Director
·
Abdul
Qassim Abdul Kayoum - Sales
Manager
·
Mohamed
Ismail - Administration
Executive
LEGAL FORM & OWNERS
Date of Establishment : 26th
February 2009
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1041425,
Dubai
Trade Licence No. : 622413
(Expires 21/02/2012)
Chamber Member No. : 168696
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Mohamed
Hassan Saeed 51%
·
Abdul
Reza Abbas Yousefi 49%
OPERATIONS
Activities: Engaged in the import and distribution of
foodstuff and beverages, including rice, beans, biscuits and other dried foods.
Brand Names: ROYAL GOLDEN TOOBA
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Companies
registered in Dubai, United Arab Emirates are not legally required to make
their accounts public and no financial information was released by the company or
submitted by outside sources.
BANKERS
·
Bank
Saderat Iran
Al Maktoum Street
PO Box: 4182
Dubai
Tel: (971-4) 2221161
Fax: (971-4) 2234460
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.68 |
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UK Pound |
1 |
Rs.78.17 |
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Euro |
1 |
Rs.65.52 |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.