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Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AN NAFI TRADING LLC |
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Registered Office : |
Central Fruits
& Vegetables Market, Al Ameer, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.12.2010 |
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Com. Reg. No.: |
1069476, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuffs and beverages |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : AN NAFI TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 29th December 2010
Commercial Registration Number : 1069476,
Trade Licence Number : 648296
Chamber Membership Number : 188946
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 11
Activities : Distributors of general foodstuffs and beverages.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
AN NAFI TRADING LLC
Registered &
Physical Address
Location : Central Fruits & Vegetables
Market, Al Ameer
PO Box : 294510
Town :
Country :
Telephone : (971-4) 3926234
Facsimile : (971-4) 3926234
Premises
Subject operates
from a small suite of offices, a warehouse and a showroom that are rented and
located in the Central Business Area of Dubai.
Name Nationality Position
·
Malik
Zahed Habib Mohamed Pakistani Managing Director
·
Abdulqader
Ghulam Mohamed Pakistani Director
·
Adel
Habib Malik Pakistani Director
·
Fayza
Omran Khan Pakistani Director
·
Mohamed
Salem Habibulla Zahlawi Indian Director
·
Noman
Suhail Malik Pakistani Director
·
Hamda
Salem Mahmood Hassan Ashoor Emirati Director
Date of Establishment : 29th
December 2010
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1069476,
Dubai
Trade Licence No. : 648296
(Expires 28/12/2012)
Chamber Member No. : 188946
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Hamda
Salem Mahmood Hassan Ashoor 51%
·
Malik
Zahed Habib Mohamed 9%
·
Abdulqader
Ghulam Mohamed 8%
·
Adel
Habib Malik 8%
·
Fayza
Omran Khan 8%
·
Mohamed
Salem Habibulla Zahlawi 8%
·
Noman
Suhail Malik 8%
Activities: Engaged in the import and distribution of
dairy products, dates, dried fruit and vegetables, beverages,
fresh and frozen meat and
seafood, grains, cereals and vegetable oil.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 11 employees.
Financial
highlights provided by local sources are given below:
Currency: United Arab
Emirates Dirham (UAE Dh)
Year
Ending 31/12/11:
Total Sales UAE
Dh 9,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
HSBC
Bank Middle East
Deira Souk Branch
PO Box: 66
Dubai
Tel: (971-4) 2535000
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.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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 |
|
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 |
|
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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.