MIRA INFORM REPORT
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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
HABIB BANK AG ZURICH |
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Registered Office : |
Beniyas Square, Deira, P O Box 3306, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
05.03.1984 |
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Com. Reg. No.: |
126, Dubai |
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Legal Form : |
Private Joint Stock Company |
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Line of Business : |
Commercial banking services |
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No. of Employees
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450 |
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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Maximum Credit Limit : |
US$ 2,000,000 |
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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 – September 30th, 2011
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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 : HABIB BANK AG ZURICH
Country of Origin : Dubai, United Arab Emirates
Legal Form : Private Joint Stock Company
Registration Date : 5th March 1984
Commercial Registration Number : 126, Dubai
Trade Licence Number : 206921
Chamber Membership Number : 1184
Issued Capital : UAE Dh 40,000,000
Paid up Capital : UAE Dh 40,000,000
Total Workforce : 450
Activities : Commercial banking services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 2,000,000
Person Interviewed : Shariq Ali, Finance Manager
HABIB BANK AG ZURICH
Registered &
Physical Address
Street : Beniyas Square
Area : Deira
PO Box : 3306
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2214535
Facsimile : (971-4) 2284211
Email : hbzit@emirates.net.ae / info@habibbank.com
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Dubai.
Branch Office (s)
Location Description
·
Al Fahidi Street Rented
bank premises
Bur Dubai
PO Box: 3138
Dubai
Tel: (971-4) 3534545
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Al Safa Tower Rented
bank premises
PO Box: 38220
Dubai
Tel: (971-4) 3313999
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Khalid Bin Walid Road Rented
bank premises
PO Box: 1622
Dubai
Tel: (971-4) 3513777
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Jebel
Ali Free Zone Rented
bank premises
PO Box: 17786
Dubai
Tel: (971-4) 8812828
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Sheikh Hamdan Street Rented
bank premises
PO Box: 2681
Abu Dhabi
Tel: (971-2) 6346888
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Immigration Road Rented
bank premises
Al Qasmiyah
PO
Box: 1166
Sharjah
Tel:
(971-6) 5730004
Name Position
·
Arif
Lakhani Chief
Executive Officer
·
Saleem Sattar Operations
Manager
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Rashida Nizar Treasury
Manager
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Shariq Ali Finance
Manager
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Abdulrazzaq Sheikh Public
Relations Manager
Date of Establishment : 5th
March 1984
Legal Form :
Private Joint Stock Company
Commercial Reg. No. : 126, Dubai
Trade Licence No. : 206921
(Expires 01/04/2012)
Chamber Member No. : 1184
Issued Capital : UAE Dh 40,000,000
Paid up Capital : UAE Dh 40,000,000
Name of Shareholder
(s)
·
Habib
Bank AG Zurich
Weinbergstrasse
59
Postfach
8042 Zurich
Switzerland
Tel: (41-44) 2694500
Activities: Subject offers a range of commercial
banking services including deposit products, private banking, lending services
and e-banking facilities.
Subject has a
workforce of approximately 450 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.
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
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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.