MIRA
INFORM REPORT
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Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
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Name : |
SHEKHER AL KABIR TRADING LLC |
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Registered Office : |
Goldcrest Building, Office No. 22 Al Faheidi Street Bur Dubai PO Box
44231 Dubai |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
14.04.2002 |
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Com. Reg. No.: |
59029, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Wholesale and retail of readymade garments, footwear and general foodstuffs. |
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No. of Employees : |
3 |
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$ 250,000 |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
SUMMARY
Company Name : SHEKHER AL KABIR TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 14th April 2002
Commercial Registration Number : 59029, Dubai
Trade Licence Number : 533264
Chamber Membership Number : 68198
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Wholesale and retail of readymade garments, footwear and general
foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
Person Interviewed : Chandir Shekher Koli, Managing Director
COMPANY NAME
SHEKHER AL KABIR TRADING LLC
ADDRESS
Registered & Physical Address
Building : Goldcrest
Building, Office No. 22
Street : Al Faheidi
Street
Area : Bur Dubai
PO Box : 44231
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 3518262
Facsimile : (971-4)
3521758
Mobile : (971-50)
6525446
Email : azskohli@eim.ae
/ azskoli@gmail.com
Please note that subject’s previous address was, Moosa Jaafar Ali
Building, Al Faheidi Street, Al Suq Al Kabir, Dubai.
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Chandir Shekher Koli Indian Managing
Director
· Mohamed Ibrahim
Hassan Al Hamadi Emirati Director
· Sushmeta Koli - Secretary
LEGAL FORM & OWNERS
Date of
Establishment : 14th
April 2002
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 59029, Dubai
Trade Licence No. : 533264
Chamber Member No. : 68198
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Mohamed Ibrahim
Hassan Al Hamadi 51%
· Chandir Shekher Koli 49%
OPERATIONS
Activities: Engaged in the wholesale and retail of readymade garments, footwear and
general foodstuffs.
Import Countries: Europe and the Far East
Export Countries: Africa
Operating Trend: Steady
Subject has a workforce of 3 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: United Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE
Dh 10,600,000 UAE Dh
12,500,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Chandir Shekher
Koli,
Managing Director
BANKERS
·
Habib Bank AG Zurich
Al Fahidi Street
Bur Dubai
PO Box: 888
Dubai
Tel: (971-4)
2221281
Fax: (971-4)
2284631
Acc No.
20311-105-239102
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.06 |
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|
1 |
Rs.78.48 |
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Euro |
1 |
Rs.64.99 |
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 |
-- |
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.