MIRA
INFORM REPORT
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Report Date : |
29.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANUSHA DIAM LLC |
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Registered Office : |
Royal Diamond Building, Suite 402, Al Daghaya Street, Deira, PO Box
184603, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
11.04.2007 |
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Com. Reg. No.: |
1008245, Dubai |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Distributors of
Jewellery, Watches and Precious Stones. |
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 : ANUSHA DIAM LLC
Country of Origin : Dubai,
United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 11th
April 2007
Commercial
Registration Number : 1008245,
Dubai
Trade Licence Number : 593852
Membership Number : 117763
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 3
Line of Business :
Distributors of jewellery, watches and precious stones.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
ANUSHA DIAM LLC
ADDRESS
Registered & Physical Address
Building : Royal
Diamond Building, Suite 402
Street : Al Daghaya
Street
Area : Deira
PO Box : 184603
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2352592
Facsimile : (971-4)
2352592
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Hamda Fardan
Abdullah Emirati Managing Director
LEGAL FORM & OWNERS
Date of Establishment : 11th April 2007
Legal Form : Sharikat Thet
Massouliya Mahdoudeh (Limited Liability Company - LLC)
Commercial Reg.
No. : 1008245, Dubai
Trade Licence No. : 593852 (Expires 9th April 2008)
Membership No. : 117763
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s)
· Hamda Fardan Abdullah
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
jewellery, watches and precious stones.
Import Countries : Europe and the Far East.
Subject has a workforce of 3 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information
is not currently available.
BANKERS
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National Bank of Dubai
Baniyas Street
PO Box :
777
Dubai
Tel : (971-4)
2222241
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations undertaken in Dubai did not reveal any sign of payment
defaults or delays during initial trading stages, and subject is believed to
meet its payment obligations in a timely manner, nevertheless, and in view of
the company’s infancy and the lack of a more consistent payment and financial
record, a measure of caution is advisable and a close monitoring of subject’s
business development is recommended.
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%)