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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AL NIMR STEEL TRADING LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
July, 1990 |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of Steel Products |
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No. of Employees : |
250 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 31, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 NIMR STEEL TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Start Date :
July 1990
Registration Date :
3rd May 2004
Trade Licence Number :
3483
Chamber Membership Number :
86307
Issued Capital :
UAE Dh 9,000,000
Paid up Capital :
UAE Dh 9,000,000
Total Workforce :
250
Activities :
Import and distribution of steel products.
Financial Condition :
Good
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Alok Gupta, Finance Manager
AL NIMR STEEL TRADING LLC
Registered &
Physical Address
Street :
Area : Jebel Ali
Free Zone
PO Box : 18444
Town :
Country :
Telephone : (971-4) 8833444
Facsimile : (971-4)
8833995
Email : info@nimrsteel.com / alok@nimersteel.com
Premises
Subject operates from a suite of offices and stockyard covering an area
of 321,000 square feet that are rented and located in the Jebel Ali Free Zone,
Branch Office
Location Description
PO Box: 6169 & 35919 Office
& warehouse premises covering an
Industrial Area No. 12 area
of 160,500 sq ft
Sharjah
Tel: (971-6) 5323989 / 5350444
Fax: (971-6) 5323980
Mussafah Industrial Area Office
& warehouse premises
Name Nationality Position
Rober Said Nasr Lebanese Managing Director
Aziz Said Nasr Lebanese Director
Abdalla Ahmed Abdallah Al Noman Emirati Director
Hassan Nemer El Amil Lebanese Chief Executive Officer
Alok Gupta - Finance
Manager
Khalil Ahmed - Commercial
Manager
Ashok Tolani - Marketing
Manager
Luis Danti
- Sales
Manager
Date of Establishment : Subject has
operations dating back to July 1990, however it was registered on 3rd
May 2004
Legal Form : Limited Liability
Company - LLC
Trade Licence No. : 3483
Chamber Member No. : 86307
Issued Capital : UAE Dh 9,000,000
Paid up Capital : UAE Dh 9,000,000
Name of
Shareholder (s) Percentage
Abdalla Ahmed Abdallah Al Noman 51%
Rober Said Nasr 25%
Aziz Said Nasr 24%
Tiger Steel Engineering LLC
PO Box: 6169
Sharjah
Tel: (971-6) 5330775
Fax: (971-6) 5339772
Tiger Steel Profile Insulation LLC
PO Box: 23499
Sharjah
Tel: (971-6) 5337240
Al Nimr Civil Engineering LLC
Sharjah
Tiger Steel Industries LLC
Tiger Steel Engineering (I) Pvt Ltd
Activities: Engaged in the import and distribution of steel products, including universal
beams, universal columns,
American wide flange beams, Japanese beams, IPE sections, PFC channel,
equal angles, hot rolled M.S plate, gratings and hollow sections.
The Company offers high quality steel to a wide range of industries in
whole of the
Import Countries:
International Suppliers:
Corus
Arcelor
Huta Katowice
Highveld Steel
Mittal Steel
Alchevsk Iron & Steel
Operating Trend: Steady
Subject has a workforce of approximately 250 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 310,000,000 UAE Dh
318,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Alok Gupta,
Finance Manager
HSBC Bank
Deira Souk Branch
PO Box: 66
Tel: (971-4) 2535000
Commercial Bank of
Jebel Ali Branch
PO Box: 2668
Tel: (971-4) 8818882
Fax: (971-4) 8812252
Abu Dhabi Commercial Bank
PO Box: 5550
Tel: (971-4) 2958888 / 3228141
Fax: (971-4) 2959310 / 3279632
Acc No. 269190020001
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.
This report is produced in accordance
with and subject to the terms of an agreement between Arab Research &
Information Company Ltd (Aric Ltd) and the customer and contains unconfirmed
information compiled from third parties. Any reproduction or republication of
this report without Aric Ltd’s express written consent is prohibited. Aric Ltd
disclaims all warranties, expressed or implied, with respect to the accuracy or
reliability of the report or its fitness for any purpose.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
|
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
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 |
|
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 |
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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 |
|
-- |
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.