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Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
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Name : |
CHINA NATIONAL BUILDING MATERIAL GROUP FZE |
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Registered Office : |
Plot No S-30408, Jebel Ali South, Jebel Ali Free Zone, P O Box: 263117, |
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Country : |
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Date of Incorporation : |
29.12.2008 |
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Legal Form : |
Free Zone Establishment - FZE |
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Line of Business : |
Imports and
Distributors of Building Materials, Cement, Coal, Steel and Construction
Equipment. |
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No. of Employees : |
30 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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
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Source
: CIA |
Company Name : CHINA NATIONAL BUILDING MATERIAL GROUP FZE
Country of Origin :
Legal Form :
Free Zone Establishment - FZE
Registration Date : 29th
December 2008
Trade Licence
Number : 4410
Chamber Membership
Number : 162349
Issued Capital : UAE Dh
1,000,000
Paid up Capital : UAE Dh
1,000,000
Total Workforce : 30
Activities :
Distributors of building materials, cement, coal, steel and construction
equipment.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Ms. Abi Galliaza, Administration Executive
CHINA NATIONAL
BUILDING MATERIAL GROUP FZE
Location : Plot No S-30408, Jebel Ali South
Area : Jebel Ali Free Zone
PO Box : 263117
Town :
Country :
Telephone : (971-4) 8806686
Facsimile : (971-4) 8806687
Email : ericfu@okorder.com
Please note that
subject’s previous address was, Room No. 1109, Jafza View 19, Jebel Ali Free
Zone,
Subject operates
from a medium sized suite of offices that are rented and located in the Jebel
Ali Free Zone,
Name Position
·
Eric Fu General
Manager
·
David Tang Commercial
Manager
·
Ms Masa Ma Accountant
·
Ms Abi Galliaza Administration
Executive
Date of Establishment : 29th
December 2008
Legal Form :
Free Zone Establishment -
FZE
Trade Licence No. : 4410
(Expires 17/12/2016)
Chamber Member No. : 162349
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
·
CNBM
International Corporation 100%
Activities: Engaged in the import and distribution of
building materials, cement, coal, steel and construction
equipment.
Import
Countries: Europe and the
Subject has a
workforce of 30 employees.
Companies
registered in
·
PO Box: 1080
Tel: (971-4) 2953000
Fax: (971-4) 2954111
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.43 |
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1 |
Rs.99.73 |
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Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
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.