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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AL NASSERIAH
INTERNATIONAL FZ LLC |
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Registered Office : |
Building No. 5,
Suite No. 206, Al Sufouh Road, Dubai Media City, 233435 |
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Country : |
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Date of Incorporation : |
21.04.2004 |
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Legal Form : |
Free Zone Establishment – FZE |
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Line of Business : |
Distributors of
oil and gas equipment, water treatment equipment, synthetic dyes, air
conditioning equipment and environmental control systems. |
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No. of Employees : |
5 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name : AL NASSERIAH
INTERNATIONAL FZE
Country of Origin :
Legal Form :
Free Zone Establishment – FZE
Registration Date : 21st
April 2004
Trade Licence
Number : 30827,
5001266, Ras Al Khaimah
Chamber Membership
Number : 76340
Issued Capital : UAE Dh
100,000
Paid up Capital : UAE Dh
100,000
Total Workforce : 5
Activities :
Distributors of oil and gas equipment, water treatment equipment, synthetic
dyes, air conditioning equipment and environmental control systems.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Wael Abdul
Moniem, Assistant General Manager
AL NASSERIAH
INTERNATIONAL FZ LLC
Registered Address
PO Box : 10559
Town : Ras Al Khaimah
Country :
Building : Building No. 5, Suite No. 206
Street :
Area :
PO Box : 233435
Town :
Country :
Telephone : (971-4) 3910135
Facsimile : (971-4) 3904851
Email : ani@ani.ae
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Sayed
Mohamed Ali Qaderi Pakistani Managing Director
·
Wael
Abdul Moniem - Assistant
General Manager
Date of Establishment : 21st
April 2004
History : Subject began as a Free Zone Limited
Liability Company. However in 2012, after two of the
original owners left, Mr Sayed Mohamed Ali Qaderi took sole control of
the company and
changed legal form to a Free
Zone Establishment.
Legal Form :
Free Zone Establishment – FZE
Trade Licence No. : 30827,
5001266, Ras Al Khaimah
Chamber Member No. : 76340
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
·
Sayed
Mohamed Ali Qaderi 100%
Activities: Engaged in the import and distribution of
oil and gas equipment, water treatment equipment, synthetic
dyes, air conditioning equipment and environmental control systems.
Import
Countries: Europe and the United
States of America.
International Suppliers:
·
Dupont United States of America
Subject has a
workforce of 5 employees.
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.
·
Emirates
National Bank of Dubai
Baniyas Street
PO Box: 777
Dubai
Tel: (971-4) 2222241
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.55.15 |
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UK Pound |
1 |
Rs.86.57 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
|
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 |
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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.