MIRA INFORM REPORT

 

 

 

 

Report Date :

11.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

BOUKHATIR GROUP LTD

 

 

Registered Office :

Bank Street, Rolla, P O Box 88, Sharjah

 

 

Country :

United Arab Emirates 

 

 

Date of Incorporation :

25.05.2004

 

 

Com. Reg. No.:

55418, Sharjah

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Holding company

 

 

No. of Employees :

100

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

No Complaints

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)

United Arab Emirates 

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                         : BOUKHATIR GROUP LTD

Country of Origin                                    : Sharjah, United Arab Emirates

Legal Form                                            : Limited Liability Company

Registration Date                                   : 25th May 2004

Commercial Registration Number            : 55418, Sharjah

Trade Licence Number                            : 528278

Chamber Membership Number                : 63641

Issued Capital                                        : UAE Dh 150,000

Paid up Capital                                      : UAE Dh 150,000

Total Workforce                         : 100

Activities                                               : Holding company

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                 : Prakash Karni, Finance Manager

 

 

 

COMPANY NAME

 

BOUKHATIR GROUP LTD

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Bank Street

Area                 : Rolla

PO Box : 88

Town                 : Sharjah

Country : United Arab Emirates

Telephone         : (971-6) 5687062

Facsimile          : (971-6) 5680937

 

Premises

Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Sharjah.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Abdulrahman Mohamed Boukhatir                                                      Chairman

·       Saleh Abdulrahman Mohamed Boukhatir                                             Vice Chairman

·       Tareq Abdulrahman Mohamed Boukhatir                                             Director

·       Waleed Abdulrahman Mohamed Boukhatir                                          Director

·       Khalaf Abdulrahman Mohamed Boukhatir                                            Director

·       Prakash Karni                                                                                   Finance Manager

·       Salman Khan                                                                                    Accountant

·       Gamal Gawal                                                                                    Public Relations Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 25th May 2004

 

Legal Form                  : Limited Liability Company

 

Commercial Reg. No.  : 55418, Sharjah

 

Trade Licence No.       : 528278

 

Chamber Member No. : 63641

 

Issued Capital              : UAE Dh 150,000

 

Paid up Capital            : UAE Dh 150,000

 

Name of Shareholder (s)

·       Abdulrahman Mohamed Boukhatir

·       Saleh Abdulrahman Mohamed Boukhatir

·       Tareq Abdulrahman Mohamed Boukhatir

·       Waleed Abdulrahman Mohamed Boukhatir

·       Khalaf Abdulrahman Mohamed Boukhatir

 

 

OPERATIONS

 

Activities: Engaged as a holding company.

 

Subject has a workforce of 100 employees.

 

 

FINANCIAL DATA

 

Companies registered in Sharjah, 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.

 

 

BANKERS

 

·       National Bank of Sharjah

Al Boorj Avenue

     PO Box: 4

     Sharjah

     Tel: (971-6) 5547747

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.53.34

UK Pound

1

Rs.86.11

Euro

1

Rs.69.07

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.