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Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
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Name : |
JABER MEASAM FOODSTUFF LLC |
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Formerly Known As : |
JM FOODS LLC |
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Registered Office : |
Abdulaziz Al Musaeed Building Sheikh Zayed Road Al Quoz Industrial
Area |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.08.2003 |
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Com. Reg. No.: |
98165, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and distribution of foodstuffs, beverages and cleaning materials. |
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No. of Employees : |
45 |
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 – 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 : JABER MEASAM FOODSTUFF LLC
Also Known As : JM FOODS LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 27th August 2003
Commercial Registration Number :
98165,
Trade Licence Number : 548189
Chamber Membership Number : 80375
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 45
Activities : Import and distribution of foodstuffs, beverages and cleaning materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
JABER MEASAM FOODSTUFF LLC
ALSO KNOWN AS: JM FOODS LLC
Building : Abdulaziz Al
Musaeed Building
Street :
Area : Al Quoz
Industrial Area No. 3
PO Box : 112572
Town :
Country :
Telephone : (971-4) 3386580
/ 3386511
Facsimile : (971-4)
3389833
Email : sales@jmfoodgulf.com
Subject operates from a medium sized suite of offices and a warehouse that
are rented and located in the Industrial Area of Dubai.
Name Nationality Position
· Rajan Jagdamal
Shanmogam Chitiar Indian Managing
Director
· Jaber Mohamed
Saeed Measam Emirati Director
· Karl Dorfler - General
Manager
· Veda Ridha Kashnawi - Sales
Manager
· Parjeesh Chanam Kumrat - Financial
Controller
Date of
Establishment : 27th
August 2003
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 98165,
Trade Licence No. : 548189 (Expires 18/08/2012)
Chamber Member No. : 80375
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Jaber Mohamed
Saeed Measam 51%
· Rajan Jagdamal
Shanmogam Chitiar 49%
· B L Traders
Activities: Engaged in the import and distribution of foodstuffs, beverages and
cleaning materials. Subject’s clients
include local restaurants, hotels and airlines.
Import Countries:
International Suppliers:
·
Koppert Cress B V
· Van Tol
· Yan Lantly
·
Embutidos Caula S L
· Brindisa Ltd
· J R Simplot
Company
· Liz Water
Operating Trend: Steady
Subject has a workforce of 45 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 13,200,000 UAE Dh
14,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Mashreq Bank Plc
Deira Branch
PO Box: 1250
Tel: (971-4)
2229131 / 2221134
Fax: (971-4)
2233784
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.53.34 |
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|
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.