MIRA
INFORM REPORT
|
Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LALS INTERNATIONAL LTD FZC |
|
|
|
|
Registered Office : |
Saif Zone, PO Box 8715,
Sharjah |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Date of Incorporation : |
16.12.2002 |
|
|
|
|
Legal Form : |
Free Zone Company - FZCO |
|
|
|
|
Line of Business : |
Import of Home Appliances,
Stationery, Office Equipment, Readymade Garments, Novelties and Giftware |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 200,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : LALS INTERNATIONAL LTD FZC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Free Zone Company - FZCO
Registration Date : 16th December 2002
Trade Licence Number : 01-04-01592
Issued Capital : UAE Dh 18,375,000
Paid up Capital : UAE Dh 18,375,000
Total Workforce : 15
Activities :
Import of home appliances, stationery, office
equipment, readymade
garments, novelties and giftware
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
ARIC Credit Rating : BB
Recommended Credit Limit : US$ 200,000
COMPANY NAME
LALS INTERNATIONAL LTD FZC
ADDRESS
Registered Address
Location : Saif Zone
PO Box : 8715
Town : Sharjah
Country : United Arab
Emirates
Physical Address
Location : Sheikh Zayed Road, Office No. 3
PO Box : 72924
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2351616
Facsimile : (971-4) 2351133
Email : info@lalsgroup.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Industrial Area of Dubai.
KEY PRINCIPALS
Name Position
· Lal
Hari Ram Ganawani Managing
Director
· Jain
Kumar Lal Hari Ram Ganawani Director
· Man
Mahandan Executive
Secretary
LEGAL FORM & OWNERS
Date of Establishment : 16th December 2002
Legal Form : Free Zone Company
- FZCO
Trade Licence No. : 01-04-01592
(Expires 25/01/2009)
Issued Capital : UAE Dh 18,375,000
Paid up Capital : UAE Dh 18,375,000
Name of Shareholder (s)
· Lal
Hari Ram Ganawani
· Jain
Kumar Lal Hari Ram Ganawani
AFFILIATED COMPANIES
· Lals
Group
Sheikh Zayed Road
PO
Box 72924
Dubai
Tel:
(971-4) 3213000
Fax:
(971-4) 3213222
OPERATIONS
Activities: Engaged in the import of home appliances,
stationery, office equipment, readymade garments, novelties and giftware.
Import Countries: Asia, United States of America and Europe.
Subject has a workforce of 15 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
·
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
Opinion on the credit figure of US$ 150,000:
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 and
the above credit figure is within subject’s financial means.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)