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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BIN DASMAL GENERAL TRADING CO LLC |
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Registered Office : |
Khalifa Abdullah Dasmal Building Sheikh Zayed Road Al Quoz Industrial
Area, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.01.1980 |
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Com. Reg. No.: |
59809, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Fabrication of aluminium and ductwork. |
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No. of Employees : |
100 |
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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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) |
|
UAE |
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 : BIN DASMAL GENERAL TRADING CO LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 29th January 1980
Commercial Registration Number :
59809,
Trade Licence Number : 206667
Chamber Membership Number : 6322
Issued Capital : UAE Dh 6,000,000
Paid up Capital : UAE Dh 6,000,000
Total Workforce : 100
Activities : Fabrication of aluminium and ductwork.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
BIN DASMAL GENERAL TRADING CO LLC
Building :
Street :
Area : Al Quoz
Industrial Area,
PO Box : 5389
Town :
Country :
Telephone : (971-4) 3380111
/ 8067777
Facsimile : (971-4)
3380115 / 8067788
Email : karim@bindasmal.com
/ trading@bindasmal.com
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Dubai.
Name Nationality Position
· Khalifa Abdulla Ahmad
Dasmal Emirati Managing
Director
· Amina Khalifa
Abdulla Dasmal Emirati Director
· Laila Khalifa
Abdulla Dasmal Emirati Director
· Lynn Joy Dasmal British Director
· Mohamed Khalifa
Abdulla Dasmal Emirati Director
·
· Karim Fares - General
Manager
Date of
Establishment : 29th
January 1980
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 59809,
Trade Licence No. : 206667
Chamber Member No. : 6322
Issued Capital : UAE Dh 6,000,000
Paid up Capital : UAE Dh 6,000,000
· Khalifa Abdulla
Ahmad Dasmal 30%
· Amina Khalifa
Abdulla Dasmal 14%
· Laila Khalifa
Abdulla Dasmal 14%
· Lynn Joy Dasmal 14%
· Mohamed Khalifa
Abdulla Dasmal 14%
·
Activities: Engaged in the fabrication of aluminium and ductwork. Subject also deals
in sundry items related to HVAC works, including PVC tape, Aluminium tape, duct
connectors, canvas and glass cloth and threaded rods.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a workforce of 100 employees.
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE
Dh 20,385,000 UAE Dh
20,900,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
National Bank of
PO Box:
777
Tel:
(971-4) 2222241
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.53.23 |
|
|
1 |
Rs.86.14 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
|
-- |
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.