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Report Date : |
26.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CARTOON FASHION GROUP GENERAL TRADING LLC |
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Registered Office : |
Road 21A, Community 128 Al Khabaisi Area, Deira |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.07.2007 |
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Com. Reg. No.: |
1013517, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of readymade garments |
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No. of Employees : |
11 |
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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UAE |
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 : CARTOON FASHION GROUP GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 21st July 2007
Commercial Registration Number :
1013517,
Trade Licence Number : 598228
Chamber Membership Number : 121809
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 11
Activities : Distributors of readymade garments
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
CARTOON FASHION GROUP GENERAL TRADING LLC
Location : Road 21A,
Community 128
Area : Al Khabaisi
Area, Deira
PO Box : 42427
Town :
Country :
Telephone : (971-4) 2662000
/ 3242446
Facsimile : (971-4)
2629009
Email : info@cartoonfashions.com
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Dubai.
Name Nationality Position
· Ahad Mohamed
Bagher Yeganeh Ghareh Aghaj Iranian Managing
Director
· Ameda Ahad Ykana
Qrah A’Aj Iranian Director
· Hamed Ahad Ykana
Qrah A’Aj Iranian Director
· Hassan Abdulrazaq
Abdulrahman Kalbat Emirati Director
Date of
Establishment : 21st
July 2007
Legal Form : Limited Liability Company
- LLC
Commercial Reg.
No. : 1013517,
Trade Licence No. : 598228 (Expires 16/07/2012)
Chamber Member No. : 121809
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Hassan Abdulrazaq
Abdulrahman Kalbat
· Ahad Mohamed
Bagher Yeganeh Ghareh Aghaj
· Ameda Ahad Ykana
Qrah A’Aj
· Hamed Ahad Ykana
Qrah A’Aj
· Cartoon Fashions
LLC
Al
Al Muraqqabat
PO Box: 42427
Tel: (971-4) 2216461 / 2215818
Fax: (971-4) 2215513
Activities: Engaged in the import and distribution of readymade garments.
Import Countries:
Brand Names: ADIDAS, CHRISTIAN AUDIGIER, ED HARDY, FRENCH
CONNECTION, KITSON, NICOLE FARHI and PHILLIP PLEIN
Operating Trend: Steady
Subject has a workforce of 11 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 9,550,000 UAE Dh
10,800,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
HSBC Bank
Deira Souk Branch
PO Box:
66
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.90 |
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|
1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
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 |
-- |
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.