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Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
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Name : |
SHARAZOR GENERAL
TRADING LLC |
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Registered Office : |
Baniyas Centre, 1st
Floor, Office No. 104, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
29.03.2004 |
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Com. Reg. No.: |
66811, |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Providers of
Cargo, Sea and Land Transportation Services. |
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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 |
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 country 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 : SHARAZOR
GENERAL TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company – LLC
Registration Date : 29th
March 2004
Commercial
Registration Number : 66811,
Trade Licence
Number : 555310
Chamber Membership
Number : 85884
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce :
6
Activities :
Providers of cargo, sea and land transportation services
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
SHARAZOR GENERAL
TRADING LLC
Building : Baniyas Centre, 1st
Floor, Office No. 104
Street :
Area : Deira
PO Box : 171193
Town :
Country : United Arab Emirates
Telephone : (971-4) 2296250
Facsimile : (971-4) 2296251
Email : sharazor1@yahoo.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Abdul
Halim Abdulrazaq Al Jango Syrian Managing
Director
·
Rashid
Mohamed Hassan Mohamed Emirati Director
Date of Establishment : 29th
March 2004
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 66811,
Trade Licence No. : 555310 (Expires
28/03/2015)
Chamber Member No. : 85884
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Rashid
Mohamed Hassan Mohamed 51%
·
Abdul
Halim Abdulrazaq Al Jango 49%
Activities: Engaged in the provision of cargo, sea and
land transportation services.
Operating Trend: Steady
Subject has a
workforce of 6 employees.
Financial
highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/12: Year Ending
31/12/13:
Total Sales UAE Dh 11,385,000 UAE Dh 12,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
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.63.45 |
|
|
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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 |
|
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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 |
|
|
<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.