|
Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
COAL AND OIL COMPANY LLC |
|
|
|
|
Registered Office : |
National Bank of
Umm Al Quwain Building, Suite No. 402,
Khalid Ibn Al Waleed Street, Al Mankhool, P O Box 30850, Dubai |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
16.02.1998 |
|
|
|
|
Com. Reg. No.: |
50567, |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of coal |
|
|
|
|
No. of Employees : |
18 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : COAL AND OIL COMPANY LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 16th February 1998
Commercial Registration Number : 50567,
Trade Licence Number : 503713
Chamber Membership Number : 47995
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Total Workforce : 18
Activities : Distributors of coal.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COAL AND OIL
COMPANY LLC
Registered &
Physical Address
Building : National Bank of Umm Al
Street :
Area : Al Mankhool
PO Box : 30850
Town :
Country :
Telephone : (971-4) 3972525
Facsimile : (971-4) 3971663
Email : info@coalandoil.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Ahmed Bukhary
Rahman Bukhary Sayed Indian Managing
Director
·
Noohu
Mohamed Amir Faisal Indian Director
·
Arif
Bukhari Rahman Indian Director
·
Abdullah
Hassan Al Rostamani Emirati Director
·
Hamid Jamal Eddine - Finance
Manager
·
Kamel Fareed - Commercial
Manager
·
Mohamed Irazth - Financial
Controller
Date of Establishment : 16th
February 1998
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 50567,
Trade Licence No. : 503713
Chamber Member No. : 47995
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
Name of Shareholder
(s) Percentage
·
Abdullah
Hassan Al Rostamani 51%
·
Ahmed
Bukhary Rahman Bukhari Sayed 40%
·
Arif
Bukhari Rahman 5%
·
Noohu
Mohamed Amir Faisal 4%
·
Coal & Oil Pvt Ltd
Chennai
Activities: Engaged in the import and distribution of
coal.
Import
Countries:
Export Countries:
Operating Trend: Steady
Subject has a
workforce of 18 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
27,000,000 UAE Dh
28,600,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Emirates
Bank International Ltd
Deira
PO Box: 2923
Tel: (971-4) 2256256 / 2256900
Fax:
(971-4) 2268005 / 2267718
No complaints
regarding subject’s payments have been reported.
Established in 1998,
subject is owned and managed by a number of Indian nationals who operate in
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.