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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
MAX TECHNICAL GENERAL TRADING LLC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.11.2008 |
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Com. Reg. No.: |
1037570, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distribution of hardware, electrical and painting tools, automobile and safety materials |
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No. of Employees : |
06 |
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 : MAX TECHNICAL GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 10th November 2008
Commercial Registration Number : 1037570,
Trade Licence Number : 618823
Chamber Membership Number : 158160
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 6
Activities : Distribution of hardware, electrical and painting tools, automobile and
safety materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ARIC Credit Rating : BB
Recommended Credit Limit : US$ 150,000
MAX TECHNICAL
GENERAL TRADING LLC
Registered &
Physical Address
Building :
Area : Naif
PO Box : 25563
Town :
Country :
Telephone : (971-4) 2578065 / 3400716
Facsimile : (971-4) 2578067 / 3400719
Email : vijay.gandhi@trinityholdings.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Dubai.
Name Nationality Position
·
Shah
Jagdish Manilal Shah Indian Managing
Director
·
Abdullah
Ali Hassan Abdullah Emirati Director
Date of Establishment : 10th
November 2008
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1037570,
Trade Licence No. : 618823
(Expires 09/11/2012)
Chamber Member No. : 158160
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Abdullah
Ali Hassan Abdullah 51%
·
Shah
Jagdish Manilal Shah 49%
·
Trinity
Engineering Services LLC
·
Trinity
Mechanical Services LLC
·
Blue
Light Industry LLC
·
Blue
Light Industry Br LLC (Electro Plating)
·
Diesel Marine
International LLC
·
Trinity
Mechanical Services Hydraulics LLC
·
Rainbow
Mechanical & Electrical Works LLC
·
Rainbow
Monitor Coatings LLC
·
Trinity
Industrial Services
·
Oasis
Pumps Industry LLC
·
Oasis Dewatering
Services LLC
·
Lakshmi
Metal Tech
·
Sear
·
Kamat
Restaurants
·
Gazebo
Restaurants
·
Zirkoon
General Trading LLC
Activities: Engaged in the import and distribution of hardware,
electrical and painting tools, automobile and safety materials.
Import
Countries:
International
Suppliers:
·
Alpen
·
Maykestag
·
BMI
·
FIA
·
PONSA
Operating Trend: Steady
Subject has a
workforce of 6 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 7,350,000 UAE Dh
8,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Standard
Chartered Bank
PO Box: 999
Tel: (971-4) 2520455
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.54.88 |
|
|
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
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.