MIRA
INFORM REPORT
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Report Date : |
24.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROSY BLUE TRADING LLC |
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Registered Office : |
Gold Centre Building, Zone IV, Suite 134, Al Khor Street, Al Ras, P O Box 54303, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
08.06.2005 |
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Com. Reg. No.: |
74478, Dubai |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Import and Distribution of Jewellery and Precious Stones |
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 : ROSY BLUE TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 8th June 2005
Commercial Registration Number : 74478, Dubai
Trade Licence Number : 570141
Chamber Membership Number : 98143
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 12
Activities : Import and distribution of jewellery and precious stones
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
ROSY BLUE TRADING LLC
ADDRESS
Registered &
Physical Address
Building : Gold Centre Building,
Zone IV, Suite 134
Street : Al Khor
Street
Area : Al Ras
PO Box : 54303
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2995914
/ 2252221
Facsimile : (971-4)
2995916 / 2269442
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
· Nader Nazim
Nasruddin Lebanese Managing Director
LEGAL FORM & OWNERS
Date of
Establishment : 8th
June 2005
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 74478, Dubai
Trade Licence No. : 570141 (Expires 07/06/2009)
Chamber Member No. : 98143
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Gulf Future
Investment LLC 51%
Khalid Al Attar
Tower
Sheikh Zayed Road
Dubai
· Rosy Blue FZE 49%
Al Twar Road
PO Box : 54303
Dubai
Tel :
(971-4) 2995914
Fax :
(971-4) 2995916
AFFILIATED COMPANIES
· Rosy
Blue DMCC
Unit
23, Business Avenue, Plot 287/128
PO
Box 98173
Dubai
Tel:
(971-4) 2995914 / 2998001 / 2045990
Fax:
(971-4)
2995916
Email:
manoj.shah@rosyblue.com
OPERATIONS
Activities: Engaged in the import and distribution of jewellery and precious
stones.
Import Countries: Europe and the Far East
Subject has a workforce of 12 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
·
Emirates Bank International Ltd
Baniyas Road
PO Box : 2923
Deira
Dubai
Tel : (971-4)
2256256 / 2256900
Fax : (971-4)
2268005 / 2267718
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Rosy Blue Trading LLC is a relatively new business with operations
commencing in June 2005. It is engaged in the import and distribution of
jewellery and precious stones.
According to local sources subject is making steady progress in the
local business market and nothing detrimental has been reported regarding 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. 41.96 |
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UK Pound |
1 |
Rs.83.78 |
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Euro |
1 |
Rs.65.82 |
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%)