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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
MANOOBA TEXTILES
CO LLC |
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Registered Office : |
Yousef Abdullah
Building, Ground Floor, Shop No. 11, Al Faheidi Street, Al Souq Al Kabir, Bur
Dubai, 6141 Dubai |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
25.06.2000 |
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Com. Reg. No.: |
77683, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Wholesalers and
retailers of textiles |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : MANOOBA TEXTILES CO LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 25th
June 2000
Commercial
Registration Number : 77683,
Trade Licence
Number : 519417
Chamber Membership
Number : 59146
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 5
Activities :
Wholesalers and retailers of textiles
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Jaddish Chandra Ram, Sales Manager
MANOOBA TEXTILES CO
LLC
Building :
Street :
Area : Al Souq Al Kabir, Bur
PO Box : 6141
Town :
Country :
Telephone : (971-4) 3533534
Facsimile : (971-4) 3533527
Email : spacetex@emirates.net.ae / manoobtex@rediffmail.com
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Dubai.
Name Nationality Position
·
Tarun Mohan
Kumar Daryani Indian Managing
Director
·
Obaid
Saeed Rashid Khilfan Al Shamsi Emirati Director
·
Jaddish
Chandra Ram - Sales
Manager
·
Paresh
Parmar - Accountant
Date of Establishment : 25th
June 2000
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 77683,
Trade Licence No. : 519417
(Expires 24/06/2012)
Chamber Member No. : 59146
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Obaid
Saeed Rashid Khilfan Al Shamsi 51%
·
Tarun
Mohan Kumar Daryani 49%
Activities: Engaged in the wholesale and retail of
textiles.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 5 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 7,000,000 UAE Dh 7,650,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Jaddish
Chandra Ram, Sales Manager
·
Habib
Bank AG
Murshid Bazaar
PO Box: 888
Tel: (971-4) 2221281
Fax: (971-4) 2284631
·
United
Bank Ltd
Murshid Bazaar Branch
PO Box: 1000
Tel: (971-4) 2282025 / 2223191
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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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.