MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MARK INTERNATIONAL FZE |
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Registered Office : |
Saif Zone,
Building No. 22, Suite No. 07, PO Box 120269, Sharjah |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
April 2006 |
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Legal Form : |
Free Zone Establishment - FZE |
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Line of Business : |
Import and Distribution of Dyes, Pigments and related
Accessories |
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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Maximum Credit Limit : |
US$ 80,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MARK INTERNATIONAL FZE
Country of Origin : Sharjah, United Arab Emirates
Legal Form : Free Zone Establishment - FZE
Registration Date : April 2006
Trade Licence Number : 03774
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 4
Activities : Import and distribution of dyes, pigments and related accessories
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 80,000
COMPANY NAME
MARK INTERNATIONAL
FZE
ADDRESS
Registered & Physical Address
Location : Saif Zone, Building No. 22, Suite
No. 07
PO Box : 120269
Town : Sharjah
Country : United Arab Emirates
Telephone : (971-6) 5570125
Facsimile : (971-6) 5571916
Mobile : (971-50) 2416208
Email : markfze@emirates.net.ae
Premises
Subject operates
from a small suite of offices that are rented and located in the Saif Zone of
Sharjah.
KEY PRINCIPALS
Name Nationality Position
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Arvind Monhar Gokhale Indian Managing Director
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S Subramanian Indian General Manager
LEGAL FORM & OWNERS
Date of Establishment : April 2006
Legal Form :
Free Zone Establishment -
FZE
Trade Licence No. : 03774 (Expires 14/03/2009)
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder (s) Percentage
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Arvind Gokhale 100%
OPERATIONS
Activities: Engaged in the import and distribution of
dyes, pigments and related accessories.
Import
Countries: Europe and the United
States of America
Subject has a
workforce of 4 employees.
FINANCIAL DATA
Companies
registered in Sharjah, 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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Van Gogh
Preferred Banking
PO Box : 1971
Sharjah
Tel : (971-6) 5594900
Fax
: (971-6) 5591009
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.
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%)