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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AHLAN GROUPS GENERAL TRADING LLC |
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Registered Office : |
Abdulrahim Abdullah
Hussain Al Khoury Building., Al Ras Street, Al Rasm, P O Box 111457, Dubai |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
09.08.2005 |
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Com. Reg. No.: |
75653, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of building materials, cement, limestone, gypsum, steel and ready made garments |
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No. of Employees : |
04 |
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) |
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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 : AHLAN GROUPS GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 9th August 2005
Commercial Registration Number : 75653,
Trade Licence Number : 572212
Chamber Membership Number : 100074
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 4
Activities : Distributors of building materials, cement, limestone, gypsum, steel and
ready made garments.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Sheikh Mohamed Fareed Khan, Finance Manager
AHLAN GROUPS
GENERAL TRADING LLC
Registered &
Physical Address
Building : Abdulrahim Abdullah Hussain Al
Khoury Building
Street :
Area : Al Ras
PO Box : 111457
Town :
Country :
Telephone : (971-4) 2350560 / 2352020
Facsimile : (971-4) 2352002
Email : ahlanco@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
·
Mohamed
Ayub Khan Ismail Indian Managing Director
·
Mohamed
Mahmood Mohamed Estadi Emirati Director
·
Sheikh
Mohamed Fareed Khan - Finance
Manager
Date of Establishment : 9th
August 2005
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 75653,
Trade Licence No. : 572212
Chamber Member No. : 100074
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Mohamed
Mahmood Mohamed Estadi 51%
·
Mohamed
Ayub Khan Ismail 49%
·
Ahlan
Cleaning & Security Services LLC
PO Box: 111457
Activities: Engaged in the import and distribution of
building materials, cement, limestone, gypsum, steel and readymade garments.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 4 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
28,300,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Sheikh Mohamed Fareed Khan, Finance Manager
·
Commercial
Bank of
PO Box: 2668
Tel: (971-4) 3523355
Fax: (971-4) 3527655 / 2524796
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.54.29 |
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|
1 |
Rs.86.61 |
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Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.