MIRA INFORM REPORT

 

 

Report Date :

14.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TOBACCO INTERNATIONAL FZC

 

 

Registered Office :

Warehouse No. 1K 03/4, Hamriyah Free Zone PO Box 41545 Sharjah

 

 

Country :

United Arab Emirates

 

 

Date of Incorporation :

11.11.2003

 

 

Legal Form :

Free Zone Company - FZC

 

 

Line of Business :

Producers of tobacco and cigarettes

 

 

No. of Employees :

52

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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)

UAE

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                                     : TOBACCO INTERNATIONAL FZC

Country of Origin                                    : Sharjah, United Arab Emirates

Legal Form                                            : Free Zone Company - FZC

Registration Date                                   : 11th November 2003

Trade Licence Number                            : 5412

Issued Capital                                        : UAE Dh 1,000,000

Paid up Capital                                      : UAE Dh 1,000,000

Total Workforce                                     : 52

Activities                                               : Producers of tobacco and cigarettes

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

 

 

COMPANY NAME

 

 TOBACCO INTERNATIONAL FZC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Warehouse No. 1K 03/4, Hamriyah Free Zone

 

PO Box             : 41545

 

Town                 : Sharjah

Country             : United Arab Emirates

 

Telephone         : (971-6) 5260067

Facsimile          : (971-6) 5260068

Mobile               : (971-50) 8696927

Email                : tifzc_mz@yahoo.co.uk / goldstreetpremium@yahoo.com

 

Premises

 

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Hamriyah Free Zone.

 

 

KEY PRINCIPALS

 

     Name                                               Nationality                                 Position

 

·       Wassim Urhaman                             Pakistani                                   Managing Director

 

·       Sami Urhaman                                  Pakistani                                   Director

 

·       Mohamed Hamd Jamil                             -                                         General Manager

 

·       Mizar Khan                                             -                                         Commercial Manager

 

·       Shafiq Afzal                                                                                      Sales Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 11th November 2003

 

Legal Form                  : Free Zone Company - FZC

 

Trade Licence No.       : 5412, Hamriyah Free Zone

 

Issued Capital              : UAE Dh 1,000,000

 

Paid up Capital            : UAE Dh 1,000,000

 

Name of Shareholder (s)

 

·       Wassim Urhaman

 

·       Sami Urhaman

 

 

AFFILIATED COMPANIES

 

·       Khyber Tobacco Co Ltd

Islamabad

     Pakistan

 

·       Arabian American Tobacco Trading Company

British Virgin Islands

 

·       Bristol Tobacco Company

United Kingdom

 

·       Garner Associates

United Kingdom

 

·       Canadian Tobacco Marketing International Ltd

Toronto

Canada

 

·       Polish American Enterprise

Warsaw

Poland

 

·       Haikou Ridao Flavor Co Ltd

China

 

 

OPERATIONS

 

Activities: Engaged in the production of tobacco and cigarettes.

 

Import Countries: United Kingdom, India and Pakistan.

 

Brand Names: GOLD STREET, GOLD STREET CLASSIC, GOLD STREET PREMIUM and HERO

 

Subject has a workforce of 52 employees.

 

 

FINANCIAL DATA

 

Companies registered in Sharjah, 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

 

·       National Bank of Sharjah

Al Boorj Avenue

     PO Box: 4

     Sharjah

     Tel: (971-6) 5547747

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Please note that we were unable to contact the subject directly during our investigation.

 

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.55.85

UK Pound

1

Rs.86.88

Euro

1

Rs.69.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.