MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
GEHNA JEWELLERY TRADING LLC |
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Registered Office : |
Gold Land
Building, 1st Floor, Office No. 124, Deira, PO Box 86568, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
01.09.2003 |
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Com. Reg. No.: |
63918, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Wholesale and Retail of Jewellery, Pearls and Precious Stones,
Watches and Crystal Products |
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 : GEHNA JEWELLERY TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 1st September 2003
Commercial Registration Number : 63918, Dubai
Trade Licence Number : 548415
Chamber Membership Number : 80450
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Wholesale and retail of jewellery, pearls and precious stones, watches and crystal products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
GEHNA JEWELLERY
TRADING LLC
ADDRESS
Registered & Physical Address
Building : Gold Land Building, 1st Floor,
Office No. 124
Area : Deira
PO Box : 86568
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2351384
Facsimile : (971-4) 2351385
Mobile : (971-50) 4628485
Email : info.gehna@gmail.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
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Pranit Subhash
Naheta Subhash Milap Indian Managing
Director
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Sushil Milap
Chand Naheta Indian Director
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Nadia Ishfaq
Ahmad Emirati Director
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Ms
Disha Dilani - Accounts
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
September 2003
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 63918, Dubai
Trade Licence No. : 548415
Chamber Member No. : 80450
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
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Nadia Ishfaq
Ahmad 51%
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Pranit Subhash
Naheta Subhash Milap 25%
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Sushil Milap
Chand Naheta 24%
OPERATIONS
Activities: Engaged in the wholesale and retail of jewellery,
pearls and precious stones, watches and crystal
products.
Import
Countries: India, Thailand,
and South Africa
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
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.21 |
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UK Pound |
1 |
Rs.85.72 |
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Euro |
1 |
Rs.67.92 |
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%)