MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMRA DMCC |
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Registered Office : |
Gold Centre
Building, Al Ras, Deira, PO Box 3950,
Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
25.02.2008 |
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Legal Form : |
Free Zone Limited Liability Establishment |
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Line of Business : |
Traders of Pearls and Precious Stones, Jewellery Items,
Watches and Spare Parts |
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 : SAMRA DMCC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Free Zone Limited Liability Establishment
Registration Date : 25th February 2008
Trade Licence Number : 30088
Chamber Membership Number : 129708
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Total Workforce : 4
Activities : Traders of pearls and precious stones, jewellery items, watches and spare parts
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
SAMRA DMCC
ADDRESS
Registered & Physical Address
Building : Gold Centre Building
Area : Al Ras, Deira
PO Box : 3950
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2253331
Facsimile : (971-4) 2253382
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
·
Salim Deeb Abu
Samra Syrian Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 25th
February 2008
Legal Form :
Free Zone Limited Liability
Establishment
Trade Licence No. : 30088
(Expires 24/02/2009)
Chamber Member No. : 129708
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Name of Shareholder (s) Percentage
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Salim Deeb Abu
Samra 100%
AFFILIATED COMPANIES
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Samra Jewellery
Co LLC
Gold Centre, 1st
Floor, Apt 18
Al Khor Street
Al Ras, Deira
PO Box 3950 & 82684
Dubai
Tel: (971-4) 2253331
Fax: (971-4) 2253382
Email: samra@emirates.net.ae
·
Ariya
Jewellery LLC
Dubai
Tel: (971-4) 2253897
OPERATIONS
Activities: Engaged as traders of pearls and precious
stones, jewellery items, watches and spare parts.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 4 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Mashreq Bank
Plc
Deira Branch
PO Box : 1250
Dubai
Tel
: (971-4) 2229131 / 2221134
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
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%)