MIRA
INFORM REPORT
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Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANISHA FASHION LLC |
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Registered Office : |
Al Maktoum Building, Al Suq Street, Al Souq Al Kabir, PO Box 26462,
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 : |
19.01.1998 |
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Com. Reg. No.: |
50472 |
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Legal Form : |
Limited Liability
Company - LLC |
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Line of Business : |
Import,
Distribution and Retail of textiles, readymade garments, footwear, handbags
and leather products, suitcases and travel requisites, watches and spare parts, perfume and
cosmetics, imitation jewellery, and giftware. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ANISHA FASHION LLC
Country of Origin : Dubai,
United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 19th
January 1998
Commercial
Registration Number : 50472
Trade Licence Number : 503322
Chamber Membership
Number : 47638
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 3
Activities :
Import, distribution and retail of textiles, readymade garments, footwear,
handbags and leather products, suitcases and travel requisites, watches and spare parts, perfume and
cosmetics, imitation jewellery, and giftware.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 200,000
COMPANY NAME
ANISHA FASHION LLC
ADDRESS
Registered & Physical Address
Building : Al Maktoum
Building
Street : Al Suq
Street
Area : Al Souq Al
Kabir
PO Box : 26462
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 3512077
/ 3539510
Facsimile : (971-4)
3512078
Email : anishaf@emirates.net.ae
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
· Ramesh Mulchandani
T. Mulchandani Indian Managing Director
· Deepak Mulani
Tulsidas Mulani Indian Director
· Anisha Mulani
Deepak Mulani Indian Director
· Abdulqader Mohamed
Abdullah Al Bannai Emirati Director
LEGAL FORM & OWNERS
Date of
Establishment : 19th
January 1998
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 50472
Trade Licence No. : 503322
Chamber Member No. : 47638
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Abdulqader Mohamed
Abdullah Al Bannai 51%
· Ramesh Mulchandani
T. Mulchandani 24%
· Deepak Mulani
Tulsidas Mulani 24%
· Anisha Mulani
Deepak Mulani 1%
OPERATIONS
Activities: Engaged in the import, distribution and retail of textiles, readymade
garments, footwear, handbags and leather products, suitcases and travel
requisites, watches and spare parts, perfume and cosmetics, imitation
jewellery, and giftware.
Import Countries: India
Operating Trend: Steady
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 31/12/06: Year
Ending 31/12/07:
Sales UAE
Dh 9,300,000 UAE Dh
10,100,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
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ABN Amro Bank
Deira Branch
PO Box : 2567
Dubai
Tel : (971-4)
3512200
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 and
the above credit figure is within subject’s financial means.
Please note that the subject’s registered PO Box is 26462 and not 26452.
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%)