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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
MAK INTERNATIONAL GENERAL TRADING LLC |
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Registered Office : |
Sheikh Zayid Bin Saqer
Al Nahyan Building, Ground Floor, Shop No. 18, Al Ras Street, Al Ras, P O Box
125160, Dubai |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
31.03.2004 |
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Com. Reg. No.: |
80299, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of soft drinks, general foodstuff and canned food |
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No. of Employees : |
15 |
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 : MAK INTERNATIONAL GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 31st March 2004
Commercial Registration Number : 80299,
Trade Licence Number : 555370
Chamber Membership Number : 85954
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 15
Activities : Distributors of soft drinks, general foodstuff and canned food.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Rafeek Pallikkvanhi, Managing Director
MAK INTERNATIONAL
GENERAL TRADING LLC
Registered &
Physical Address
Building : Sheikh Zayid Bin Saqer Al
Street :
Area : Al Ras
PO Box : 125160
Town :
Country :
Telephone : (971-4) 2250999
Facsimile : (971-4) 2255244
Email : makdubai@hotmail.com
Premises
Subject operates
from a small suite of offices and a shop that are rented and located in the
Central Business Area of Dubai.
Name Nationality Position
·
Mohamed
Rafeek Pallikkvanhi Indian Managing
Director
·
Khalid Ibrahim
Yunus Ahmed Khadim Emirati Director
·
Aref
Abdulrahman - Financial
Controller
Date of Establishment : 31st
March 2004
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 80299,
Trade Licence No. : 555370
Chamber Member No. : 85954
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Khalid
Ibrahim Yunus Ahmed Khadim 51%
·
Mohamed
Rafeek Pallikkvanhi 49%
Activities: Engaged in the import and distribution of
soft drinks, general foodstuff and canned food.
Import
Countries:
International
Suppliers:
·
Gulf
Union Beverages
Brand Names: PEPSI, MIRINDA, MOUNTAIN DEW, SEVEN UP,
LIPTON, FANTA and SPRITE.
Operating Trend: Steady
Subject has a
workforce of 15 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
11,250,000 UAE Dh
13,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Mohamed Rafeek Pallikkvanhi, Managing Director
·
Commercial
Bank of
Deira
PO Box: 1709
Tel: (971-4) 2227121 / 2253222
Fax: (971-4) 2220943 / 2254565
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.56.29 |
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|
1 |
Rs.88.26 |
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Euro |
1 |
Rs.70.82 |
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 |
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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.