MIRA INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL FOOD GENERAL TRADING LLC |
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Registered Office : |
Al Zarooni
Building, Shop No. 1, Ground Floor, Al Ras, Deira, P O Box 32034, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
19.01.2008 |
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Com. Reg. No.: |
1022139, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail of general foodstuffs and beverages |
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No. of Employees
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13 |
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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Maximum Credit Limit : |
US$ 150,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United Arab Emirates |
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 : GLOBAL FOOD GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 19th January 2008
Commercial Registration Number : 1022139, Dubai
Trade Licence Number : 605434
Chamber Membership Number : 128247
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 13
Activities : Wholesale and retail of general foodstuffs and beverages
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Dianand Godnani Tchmadas, Director
GLOBAL FOOD GENERAL TRADING LLC
Registered &
Physical Address
Building : Al Zarooni Building, Shop No. 1,
Ground Floor
Area : Al Ras, Deira
PO Box : 32034
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2356150 / 2356151 / 3536113
Facsimile : (971-4) 2356152 / 3537900
Mobile : (971-50) 4965112
Email : globalfg@emirates.net.ae / gfgtdubai@gmail.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Dubai.
Branch Offices
Location Description
·
Al Ras,
Deira Office
premises
Dubai
Tel: (971-4) 2202654
Fax: (971-4) 2202653
Name Nationality Position
·
Rajesh
Naryandas Pagarani Indian Managing Director
·
Dianand
Godnani Tchmadas Indian Director
·
Ali
Rashed Hamed Emirati Director
Date of Establishment : 19th
January 2008
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1022139,
Dubai
Trade Licence No. : 605434 (Expires
16/01/2013)
Chamber Member No. : 128247
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Ali
Rashed Hamed 51%
·
Rajesh
Naryandas Pagarani ]
] 49%
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Dianand
Godnani Tchmadas ]
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Global
Energy Food Industries Ltd
India
Activities: Engaged in the wholesale and retail of
general foodstuffs and beverages, including biscuits and snacks.
Import
Countries: India and Europe
Subject has a workforce
of 13 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.
·
National
Bank of Ras Al Khaimah
Al Maktoum Street
PO Box: 1531
Dubai
Tel: (971-4) 2226291
Fax: (971-4) 2281312
Acc No. 0025214512061
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
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Indian Rupees |
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US Dollar |
1 |
Rs.49.85 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.62 |
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 |
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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 |
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<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.