MIRA
INFORM REPORT
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Report Date : |
31.12.2008 |
IDENTIFICATION DETAILS
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Name : |
ORION DIAM INTERNATIONAL FZE |
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Registered Office : |
Ajman Free Zone, PO Box 3629, Ajman |
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Country : |
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Date of Incorporation : |
07.08.2008 |
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Legal Form : |
Free Zone Establishment - FZE |
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Line of Business : |
Traders of Diamonds and
Jewellery |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ORION DIAM INTERNATIONAL FZE
Country of Origin :
Legal Form : Free Zone Establishment - FZE
Registration Date : 7th August 2008
Trade Licence Number :
4541,
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Total Workforce : 1
Activities : Traders of diamonds and jewellery
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
ORION DIAM
INTERNATIONAL FZE
ADDRESS
Registered & Physical Address
Location :
PO Box : 3629
Town :
Country :
Premises
Subject operates from
a small suite of offices that are rented and located in the Ajman Free Zone.
KEY PRINCIPALS
Name Position
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Atit Deepak Kumar Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 7th
August 2008
Legal Form :
Free Zone Establishment -
FZE
Trade Licence No. : 4541,
Issued Capital : UAE Dh 100,000
Paid up Capital :
UAE Dh 100,000
Name of Shareholder (s)
·
Atit Deepak Kumar
OPERATIONS
Activities: Traders of diamonds and jewellery.
Subject has a
workforce of 1 employee.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Abu Dhabi Commercial Bank
Tel:
(971-6) 7443444
Fax:
(971-6) 7443300
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Local sources were
unable to verify the above registered information directly with the subject as they
do not have any registered landlines and the mobile number had a message saying
it was switched off.
In view of
subject’s infancy, extensive payment and financial records are not available,
therefore dealings are recommended to be on secured terms, and a close
monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.50 |
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1 |
Rs.70.02 |
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Euro |
1 |
Rs.67.95 |
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%)