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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SULAIMAN AL KHAIR READYMADE GARMENTS |
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Registered Office : |
Al Jarf Area, |
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Country : |
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Date of Incorporation : |
21.09.2011 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers
of ready made garments, textiles and fabrics |
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No. of Employees : |
02 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Nb |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 |
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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 : SULAIMAN AL KHAIR READYMADE GARMENTS
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 21st September 2011
Trade Licence Number : 61427
Chamber Membership Number : 63632
Invested Capital : UAE Dh 10,000
Total Workforce : 2
Activities : Wholesalers and retailers of ready made garments, textiles and fabrics.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
SULAIMAN AL KHAIR READYMADE GARMENTS
Registered &
Physical Address
Location : Al Jarf Area
PO Box : 31857, Dubai
Town :
Country :
Please note that
subject uses the PO Box of “Globe Garments Trading” in
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Ajman.
Name Nationality Position
·
Manish Kanoo Bhai Indian Proprietor &
General Manager
·
Sulaiman Al Khair Mohamed Ali Al Bloushi Emirati Local Sponsor
Date of Establishment : 21st
September 2011
Legal Form :
Sole Proprietorship
Trade Licence No. : 61427
(Expires 20/09/2012)
Chamber Member No. : 63632
Invested Capital
: UAE Dh 10,000
Mr Manish Kanoo Bhai is the sole proprietor of the business.
Activities: Engaged in the wholesale and retail of
ready made garments, textiles and fabrics.
Import
Countries: Europe and the
Subject has a
workforce of 2 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Habib
Bank Ltd
Murshid Bazaar
PO Box: 888
Tel: (971-4) 2221281
Fax: (971-4) 2284631
No complaints
regarding subject’s payments have been reported.
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
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 |
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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 |
|
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.