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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CAN PACK MIDDLE |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.02.2007 |
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Com. Reg. No.: |
1005959, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Manufacturers of cans |
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No. of Employees : |
250 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 : CAN PACK MIDDLE
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 22nd February 2007
Commercial Registration Number :
1005959,
Trade Licence Number : 5191889
Chamber Membership Number : 118446
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 250
Activities : Manufacturers of cans
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Thomas Paul, Accounts Manager
CAN PACK MIDDLE
Location :
PO Box : 215061 &
45432
Town :
Country :
Telephone : (971-4) 8850447
/ 8852955 / 8020100
Facsimile : (971-4)
8852966 / 8850449 / 8809194
Email : sales@canpackme.ae
/ tpaul@canpackme.ae
Subject operates from a large suite of offices and a factory that are
rented and located in the
Name Nationality Position
· Wiele Sunulski Polish Managing
Director
· Micheal Sloniec - Director
· Mariuz Spolarczyk - Operations
Manager
· A Sloniec - Finance
Manager
· Thomas Paul - Accounts Manager
Date of
Establishment : 22nd
February 2007
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 1005959,
Trade Licence No. : 5191889
Chamber Member No. : 118446
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Can Pak SA
· Can Pack ME FZE
Jebel Ali Free
Zone, South Zone
PO Box: 215061
Tel: (971-4)
8865123
Fax: (971-4)
8852966
· Arab Can Co LLC
PO Box: 102773
Tel: (971-4)
8852955
Fax: (971-4)
8852966
Activities: Engaged in the manufacture of cans ranging in size from 2.5 ml to 355
ml.
Production
Capacity: 900 million cans per year.
Import Countries: Europe and
Operating Trend: Steady
Subject has a workforce of approximately 250 employees.
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales US$
145,800,000 US$
150,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Thomas Paul, Accounts Manager
·
Emirates Bank International Ltd
Jebel Ali Free Zone Branch
PO Box: 2923
Tel: (971-4) 8815551
Fax: (971-4) 8815545
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 |
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|
1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
<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.