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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
JASHAN TRADING
LLC |
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Registered Office : |
308 Sheikh Hasher Building, Al Ras, Deira, 27838 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.10.2001 |
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Com. Reg. No.: |
57681, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of
general foodstuffs |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Good |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : JASHAN TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 16th
October 2001
Commercial
Registration Number : 57681,
Trade Licence
Number : 529770
Chamber Membership
Number : 65532
Issued Capital : UAE Dh
600,000
Paid up Capital : UAE Dh
600,000
Total Workforce : 6
Activities :
Distributors of general foodstuffs.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Rajneesh
Aggarwal, Managing Director
JASHAN TRADING LLC
Building : 308 Sheikh Hasher Building
Area : Al Ras, Deira
PO Box : 27838
Town :
Country :
Telephone : (971-4) 2846993
Facsimile : (971-4) 2846994
Email : jashantc@emirates.net.ae
Please note that
subject’s previous address was, Abdullah Abdulaziz Az Zarooni Building,
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Name Nationality Position
·
Rajneesh
Aggarwal Indian Managing
Director
·
Manik
Aggarwal Indian Director
·
Redha
Ghuloom Hussain Ali Khoory Emirati Director
·
Keshor Kumar - Administrative
Officer
Date of Establishment : 16th
October 2001
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 57681,
Trade Licence No. : 529770
(Expires 14/10/2013)
Chamber Member No. : 65532
Issued Capital : UAE Dh 600,000
Paid up Capital : UAE Dh 600,000
·
Redha
Ghuloom Hussain Ali Khoory 51%
·
Rajneesh
Aggarwal ]
] 49%
·
Manik
Aggarwal ]
Activities: Engaged in the import and distribution of
general foodstuffs, including rice, spices and sugar.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 6 employees.
Financial
highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales UAE Dh
192,300,000 UAE Dh
200,000,000
Local sources
consider subject’s financial condition to be Good.
The above figures
were provided by Mr Rajneesh Aggarwal, Managing Director
·
Commercial
Bank of
Deira
PO Box: 1709
Tel: (971-4) 2227121 / 2253222
Fax: (971-4) 2220943 / 2254565
No complaints
regarding subject’s payments have been reported.
Credit amount 150,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency
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.55.41 |
|
|
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.