MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIMEXON EUROSTAR M.E. DMCC |
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Registered Office : |
Saleh Bin Lahej Building, Office No. 2/MOI, Al Garhoud, PO Box 1263, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
05.04.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Traders of Diamonds and Jewellery. |
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 |
SUMMARY
Company Name : DIMEXON EUROSTAR M.E. DMCC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company
Registration Date : 5th April 2006
Trade Licence Number : 30184
Chamber Membership Number : 105520
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Total Workforce : 25
Activities : Traders of diamonds and jewellery.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
DIMEXON EUROSTAR M.E. DMCC
ADDRESS
Registered & Physical Address
Building : Saleh Bin
Lahej Building, Office No. 2/MOI
Area : Al Garhoud
PO Box : 1263
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2832977
Facsimile : (971-4) 2832988
Email : venkat.g@dimexoneurostar.com
Premises
Subject operates from a medium sized suite of offices and a showroom
that are rented and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Pankaj
Mehta Indian Managing
Director
· Ashish Kumar
Mahendrakumar Indian General
Manager
· Venkat
Raman Gopalan - Finance
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 5th
April 2006
Legal Form : Limited Liability
Company
Trade Licence No. : 30184
Chamber Member No. : 105520
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Name of Shareholder (s)
·
Dimexon Diamonds Ltd
1202, Prasad Chambers,
Tata Road No. 2,
Mumbai 400 004
India
Tel: (91-22) 56357777
Fax: (91-22) 56357799
AFFILIATED COMPANIES
· Kunal
Jewellers
Gold Souq, Deira
PO
Box 1263
Dubai
Tel:
(971-4) 2265165
Fax:
(971-4) 2265185
OPERATIONS
Activities: Traders of diamonds and jewellery.
Import Countries: India and Hong Kong
Subject has a workforce of 25 employees.
FINANCIAL DATA
Companies registered in Dubai, United Arab Emirates are not legally
required to make their accounts public and no financial information was
released by the company or submitted by outside sources.
BANKERS
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Mashreq Bank Plc
Deira Branch
PO Box : 1250
Dubai
Tel : (971-4)
2229131 / 2221134
Fax : (971-4) 2233784
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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.
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. |
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%)