MIRA
INFORM REPORT
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Report Date : |
30.05.2007 |
IDENTIFICATION DETAILS
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Name : |
DUN &
BRADSTREET SOUTH ASIA MIDDLE EAST LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23rd November 2006 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Engaged as
management consultants and providers of information. |
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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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
New Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : DUN & BRADSTREET SOUTH ASIA MIDDLE EAST LTD
Country of Origin :
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 23rd November 2006
Trade Licence Number : 106
Membership Number : 118655
Total Workforce : 15
Line of Business : Management consultants and providers of information.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
DUN &
BRADSTREET SOUTH ASIA MIDDLE EAST LTD
ADDRESS
Registered & Physical Address
Location :
PO Box : 506511
Town :
Country :
Telephone : (971-4) 3695700
Facsimile : (971-4) 3637104
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Branch Office (s)
Location Description
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Diplomatic Area
PO Box : 20465
Tel
: (973-17) 530259
Fax
: (973-17) 530265
KEY PRINCIPALS
Name Nationality Position
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Rajesh
Mirchamdani Indian General
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 23rd
November 2006
Legal Form :
Subject is the
a Limited Liability Company incorporated in the
Dun & Bradstreet South Asia
Middle East Ltd in the
a Branch of a Foreign
Registered Corporation with its registered office located at the
following address :
Dun & Bradstreet Corporation
Short Hills
NJ 07078
Tel : (1-800) 9320025
A Branch of a Foreign
Registered Corporation is not a legal entity in its own right.
Responsibility for payments lays
in the hands of the company where it is originally
registered.
Under these circumstances, we
strongly advise that any international trade credit should
only be written under the name
of the main company where the subject holds its
registered office, in this case
the
Trade Licence No. : 106
(Expires 22nd November 2007)
Membership No. : 118655
LINE OF BUSINESS
Operations : Engaged as management consultants and
providers of information.
Subject has a
workforce of 15 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Emirates
Bank International Ltd
PO Box : 2923
Deira
Tel : (971-4) 2256256 / 2256900
Fax : (971-4) 2268005 / 2267718
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations
undertaken in Dubai did not reveal any sign of payment defaults or delays during
initial trading stages, and subject is believed to meet its payment obligations
in a timely manner, nevertheless, and in view of the company’s infancy and the
lack of a more consistent payment and financial record, a measure of caution is
advisable and a close monitoring of subject’s business development is
recommended.
Maximum suggested
credit figure: US$ 50,000
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)