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Report Date : |
08.06.2012 |
IDENTIFICATION DETAILS
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Name : |
BUSHRA BUILDING MATERIALS TRADING CO LLC |
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Registered Office : |
Industrial Area
No. 2, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.04.2002 |
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Com. Reg. No.: |
41815, Sharjah |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail
of building materials and construction supplies |
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No. of Employees : |
09 |
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 : BUSHRA BUILDING MATERIALS TRADING CO LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 20th April 2002
Commercial Registration Number : 41815, Sharjah
Trade Licence Number : 514042
Chamber Membership Number : 54036
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Total Workforce : 9
Activities : Wholesale and retail of building materials and construction supplies
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mustafa Saif Muhsen Sourti, Director
BUSHRA
BUILDING MATERIALS TRADING CO LLC
Registered &
Physical Address
Location : Industrial Area No. 2
PO Box : 80171
Town : Sharjah
Country :
Telephone : (971-6) 5430552
Facsimile : (971-6) 5430553
Email : albushrabmt@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Sharjah.
Name Nationality Position
·
Ali Ahmed Mansouir Ali Emirati Managing Director
·
Saif Muhsen Sourti Indian Director
·
Mustafa Saif Muhsen Sourti Indian Director
·
Murtada Saif Muhsen Sourti Indian Director
·
Moiz
Abbass - Sales
Manager
Date of Establishment : 20th
April 2002
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 41815, Sharjah
Trade Licence No. : 514042 (Expires 18/04/2013)
Chamber Member No. : 54036
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Name of Shareholder
(s) Percentage
·
Ali Ahmed Mansouir Ali 51%
·
Saif Muhsen Sourti 17%
·
Mustafa Saif Muhsen Sourti 16%
·
Murtada Saif Muhsen Sourti 16%
·
Al Burhan Metallic Products Plating LLC
Sharjah
Tel: (971-6) 5420101
Fax: (971-6) 5423478
Activities: Engaged in the wholesale and retail of building materials and construction supplies.
Import
Countries:
Brand Names: SMS
Operating Trend: Steady
Subject has a
workforce of 9 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
11,350,000 UAE Dh
12,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Habib
Bank Ltd
PO Box: 300
Sharjah
Tel: (971-6) 5356116
Fax: (971-6) 5526473
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 |
|
|
1 |
Rs.85.22 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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.