|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRANSMART DMCC |
|
|
|
|
Registered Office : |
Office No.
1606-1610, 16th Floor, |
|
|
|
|
Country : |
UAE |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
03.04.2011 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in the
import and distribution of fertilizers. |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
UAE |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
UAE - 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 : TRANSMART DMCC
Country of Origin :
Legal Form :
Limited Liability Company
Registration Date : 3rd
April 2011
DMCC Number : 2479
Trade Licence
Number : 31631
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 5
Activities :
Distributors of fertilizers
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mokhtar
Ibrahim, Finance Manager
TRANSMART DMCC
Location : Office No. 1606-1610, 16th
Floor,
PO Box : 126422
Town :
Country :
Telephone : (971-4) 4508969
Facsimile : (971-4) 4531856
Email : info@uzagro.com / lina.n@uzagro.com / info@transmart.ae
Subject operates
from a small of offices that are rented and located in the Central Business
Area of Dubai.
Name Position
·
Zabeh
Wehab Managing
Director
·
Hayatullah
Wehab Director
·
Mokhtar
Ibrahim Finance
Manager
·
Linza
Nanda Kumar Commercial
Manager
Date of Establishment : 3rd
April 2011
Legal Form :
Limited Liability Company
DMCC No. : 2479
Trade Licence No. : 31631
(Expires 02/04/2015)
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Uzagro
Ltd 100%
PO Box: 126422
Tel: (971-4) 4508969
Fax: (971-4) 4531856
Activities: Engaged in the import and distribution of
fertilizers.
Import
Countries: Europe and the
International Suppliers:
·
Markez
Sonatexport
·
Sinochem
Clients:
·
MMTC
Ltd
·
Valency
International
Operating Trend: Steady
Subject has a
workforce of 5 employees.
Financial
highlights provided by local sources are given below:
Currency:
Year
Ending 31/03/13: Year
Ending 31/03/14:
Total Sales UAE Dh
181,200,000 UAE
Dh 168,300,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Mokhtar Ibrahim, Finance Manager
·
United
Arab Bank
Deira Branch
Tel: (971-4) 2220181
·
Banque
De Commerce et de Placements SA
PO Box: 506584
Tel: (971-4) 4250801
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.60.84 |
|
|
1 |
Rs.98.72 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
PDT |
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.