MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
P.D.L. INTERNATIONAL LLC |
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Registered Office : |
Shika Alya Bint Suhil Al Maktoum Building, Al Daghaya Street, Al
Daghaya, PO Box 122410, Dubai |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
21.01.2006 |
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Com. Reg. No.: |
78243, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of Cookers and Stoves, Audio Visual Recording Equipment, Household Electrical Appliances, Telecommunications Equipment And Computer Accessories. |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : P.D.L. INTERNATIONAL LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 21st January 2006
Commercial Registration Number : 78243, Dubai
Trade Licence Number : 576968
Chamber Membership Number : 103909
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Import and distribution of cookers and stoves, audio visual recording
equipment, household electrical appliances, telecommunications equipment and computer accessories.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
P.D.L. INTERNATIONAL LLC
ADDRESS
Registered & Physical Address
Building : Shika Alya
Bint Suhil Al Maktoum Building
Street : Al Daghaya
Street
Area : Al Daghaya
PO Box : 122410
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 3343118
Facsimile : (971-4) 3343118
Mobile : (971-50) 2760561
Email : info@pdlindia.com
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Paul Chakola Indian Managing
Director
· Abdul Rahim Obaid
Abdullah Al Bedwaei Emirati Director
LEGAL FORM & OWNERS
Date of
Establishment : 21st
January 2006
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 78243, Dubai
Trade Licence No. : 576968
Chamber Member No. : 103909
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Abdul Rahim Obaid
Abdullah Al Bedwaei 51%
· Paul Chakola 49%
OPERATIONS
Activities: Engaged in the import and distribution of cookers and stoves, audio
visual recording equipment, household electrical appliances, telecommunications
equipment and computer accessories.
Import Countries: Italy, China, Japan and India.
Brand Names: PREMIER & PDL
Subject has a workforce of 3 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: United Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/07:
Sales UAE
Dh 5,750,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Commercial Bank of Dubai
Mankhool Street
PO Box : 2668
Dubai
Tel : (971-4)
3523355
Fax : (971-4)
3527655 / 2524796
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
P.D.L. International LLC is a relatively new business with operations
commencing in January 2006. It is engaged in the import and distribution of
cookers and stoves, audio visual recording equipment, household electrical
appliances, telecommunications equipment and computer accessories.
According to local sources subject is making steady progress in the
local business market and nothing detrimental has been reported regarding the
manner in which payments are fulfilled. As such the company is considered to be
a fair trade risk and the above credit figure is deemed to be within subject’s
financial means.
The financial information contained within this report was confirmed by
Mr Paul Chakola – Managing Director.
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%)