MIRA INFORM REPORT
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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SAUDI KHALIJ COMPANY LLC |
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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 : |
28.09.1976 |
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Com. Reg. No.: |
40799, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of building materials, marble, granite, ceramics, timber, glass, aluminium products and cement |
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No. of Employees
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14 |
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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : SAUDI KHALIJ COMPANY LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 28th September 1976
Commercial Registration Number : 40799,
Trade Licence Number : 207373
Chamber Membership Number : 1923
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Total Workforce : 14
Activities : Distributors of building materials, marble, granite, ceramics, timber,
glass, aluminium products and cement.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
SAUDI KHALIJ COMPANY LLC
Registered &
Physical Address
Building :
Street :
Area : Al Rigga
PO Box :
5887
Town :
Country :
Telephone : (971-4) 2225553 / 3444921 / 8817130
Facsimile : (971-4) 2231979 / 2225553
Email : samiji@emirates.net.ae
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
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Fakhruddin
Ghulam Hussain Indian Managing
Director
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Petool
Fakhruddin Ghulam Hussain Indian Director
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Shezan
Fakhruddin Amiji Indian Director
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Mohamed
Abdul Karim Mohamed Al Marzooqi Emirati Director
Date of Establishment : 28th
September 1976
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 40799,
Trade Licence No. : 207373
(Expires 25/01/2013)
Chamber Member No. : 1923
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Name of Shareholder
(s) Percentage
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Mohamed
Abdul Karim Mohamed Al Marzooqi 51%
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Fakhruddin
Ghulam Hussain 17%
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Petool
Fakhruddin Ghulam Hussain 16%
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Shezan
Fakhruddin Amiji 16%
Activities: Engaged in the import and distribution of
building materials, marble, granite, ceramics, timber, glass,
aluminium products and
cement.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 14 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
17,600,000 UAE Dh
18,250,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Standard
Chartered Bank
PO Box: 999
Tel: (971-4) 2520455
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.53.23 |
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UK Pound |
1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
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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 |
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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.