MIRA
INFORM REPORT
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Report Date : |
22.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDEN SKY JEWELLERY TRADING LLC |
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Registered Office : |
Sofian Ali Bin
Saloum Building, Al Suq Al Kabeer Street, Al Bateen, Deira, PO Box 293024,
Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
13.05.2006 |
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Com. Reg. No.: |
80746, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Wholesale and Retail of Jewellery Items |
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 : GOLDEN SKY JEWELLERY TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 13th May 2006
Commercial Registration Number : 80746, Dubai
Trade Licence Number : 581223
Chamber Membership Number : 107449
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Wholesale and retail of jewellery items
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
GOLDEN SKY
JEWELLERY TRADING LLC
ADDRESS
Registered & Physical Address
Building : Sofian Ali Bin Saloum Building
Street : Al Suq Al Kabeer Street
Area : Al Bateen, Deira
PO Box : 293024
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2354512
Facsimile : (971-4) 2354513
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
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Anushavan
Khachatryan Armenian Managing Director
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Gagik Mikayel
Yan Armenian Director
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Khalid
Abdullah Mohamed Ali Abdul Rahman Al Mamari Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 13th
May 2006
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 80746, Dubai
Trade Licence No. : 581223
(Expires 12/05/2008)
Chamber Member No. : 107449
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
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Khalid
Abdullah Mohamed Ali Abdul Rahman Al Mamari 51%
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Anushavan
Khachatryan 25%
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Gagik Mikayel
Yan 24%
OPERATIONS
Activities: Engaged in the wholesale and retail of
jewellery items, pearls and precious stones, watches and spare
parts.
Subject has a workforce
of 3 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
We have made
several attempts to contact the subject in order to verify the information
however the phone and fax numbers have been constantly unanswered. As such the
information contained in this report is from official registered documents
only.
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%)