MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAX HOLDINGS & INVESTMENTS LTD |
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Registered Office : |
Sheikh Zayed
Road, Jebel Ali Free Zone, PO Box 17155 & 113630,
Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
17.08.2004 |
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Com. Reg. No.: |
4936 |
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Legal Form : |
Branch of a Foreign Registered
Corporation |
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Line of Business : |
Import and Distribution of General
Merchandise, Specialising in Ready Made Garments and Fashion Accessories |
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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Maximum Credit Limit : |
US$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : MAX HOLDINGS & INVESTMENTS LTD
Country of Origin : British
Virgin Islands
Legal Form : Branch of a Foreign
Registered Corporation
Registration Date : 17th August
2004
Trade Licence Number : 4936
Chamber Membership Number :
88746
Total Workforce : 4
Activities :
Import and distribution of general merchandise, specialising in ready made
garments and fashion accessories
Financial Condition : Undetermined
Payments : Nothing detrimental
uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
MAX HOLDINGS &
INVESTMENTS LTD
ADDRESS
Registered & Physical Address
Street : Sheikh Zayed Road
Area : Jebel Ali Free Zone
PO Box : 17155 & 113630
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8817164 / 8094000
Facsimile : (971-4) 8815170
Email : rna1mark@emirates.net.ae
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Jebel Ali Free Zone.
KEY PRINCIPALS
Name Nationality Position
·
Ramanathan
Hariharan Krishnan Indian Chief Executive
Officer
·
Shiram
Gopal Krishnan Indian General Manager
·
Bari
Masterson - Operations
Manager
LEGAL FORM & OWNERS
Date of Establishment : 17th
August 2004
Legal Form :
Subject is the United Arab
Emirates registered branch of Max Holdings & Investments Ltd, a
Limited Liability Company incorporated in
the British Virgin Islands.
Trade Licence No. : 4936 (Expires
16/08/2009)
Chamber Member No. : 88746
OPERATIONS
Activities: Engaged in the import and distribution of
general merchandise, specialising in ready made garments and fashion
accessories.
Import
Countries: Europe and the
Far East
Subject has a workforce
of 4 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
·
Standard
Chartered Bank
Khalid Bin Waleed Street
PO Box 999
Dubai
Tel:
(971-4) 2520455
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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%)