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Report Date : |
20.11.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
AL QUEBEISI SGB LLC |
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Registered Office : |
Industrial Area
No. 17, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
17.03.1977 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of scaffolding and cladding materials |
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No. of Employees : |
90 employees |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
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 |
United Arab Emirates - ECONOMIC OVERVIEW
The UAE has an open economy with a high per capita income
and a sizable annual trade surplus. Successful efforts at economic
diversification have reduced the portion of GDP based on oil and gas output to
25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has
undergone a profound transformation from an impoverished region of small desert
principalities to a modern state with a high standard of living. The government
has increased spending on job creation and infrastructure expansion and is
opening up utilities to greater private sector involvement. In April 2004, the
UAE signed a Trade and Investment Framework Agreement with
|
Source : CIA |
Company Name : AL QUEBEISI SGB LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 17th March 1977
Trade Licence Number : 1664
Chamber Membership Number : 117
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 90
Activities : Distributors of scaffolding and cladding materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL QUEBEISI SGB LLC
Registered &
Physical Address
Location : Industrial Area No. 17
PO Box : 5682
Town : Sharjah
Country :
Telephone : (971-6) 5342221 / 5334870
Facsimile : (971-6) 5432211 / 5331808
Email : info@harsco.com
Premises
Subject operates from
a medium sized suite of offices and a warehouse that are rented and located in
the Industrial Area of Sharjah.
Name Position
·
Bashir
M Khalifa Al Quebeisi Managing
Director
·
Martin
Raux Logistics
Manager
·
Ann Fosfos Administration
Manager
·
Ibrahim
Mohamed Finance
Manager
Date of Establishment : 17th
March 1977
Legal Form :
Limited Liability Company -
LLC
Trade Licence No. : 1664
(Expires 16/03/2013)
Chamber Member No. : 117
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Bashir
M Khalifa Al Quebeisi 51%
·
SGB Co
Ltd 49%
·
Al
Quebeisi SGB LLC
PO Box: 7574
Tel: (971-2) 5554129
Fax: (971-2) 5555112
Activities: Engaged in the import and distribution of
scaffolding and cladding materials.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a workforce
of 90 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
32,500,000 UAE Dh
34,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
HSBC
Bank
PO Box: 25
Sharjah
Tel: (971-6) 5537222
Fax: (971-6) 5537880
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.54.97 |
|
|
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.70.16 |
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.