MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
JUST & FAIR INTERNATIONAL LIMITED |
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Registered Office : |
Jebel Ali Free
Zone, PO Box 261046, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
22.05.2006 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Import and Export of Scrap Metal and Aluminium as well as
Waste Paper |
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$ 60,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : JUST & FAIR INTERNATIONAL LIMITED
Country of Origin : British Virgin Islands
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 22nd May 2006
Trade Licence Number : 4740
Chamber Membership Number : 107711
Issued Capital : UAE Dh 185,000
Paid up Capital : UAE Dh 185,000
Total Workforce : 8
Activities : Import and export of scrap metal and aluminium as well as waste paper
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 60,000
COMPANY NAME
JUST & FAIR
INTERNATIONAL LIMITED
ADDRESS
Registered & Physical Address
Location : Jebel Ali Free Zone
PO Box : 261046
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8871719 / 8873747
Facsimile : (971-4) 8871912 / 8873748
Mobile : (971-50) 6586548
Email : export@jfcintl.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Jebel Ali Free Zone, Dubai.
KEY PRINCIPALS
Name Position
·
Pradeep Singh
Sahni Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 22nd
May 2006
Legal Form :
Subject is the United Arab
Emirates registered branch of Just & Fair International Limited, a
Limited Liability Company incorporated in
the British Virgin Islands.
Trade Licence No. : 4740
(Expires 09/05/2009)
Chamber Member No. : 107711
Issued Capital : UAE Dh 185,000
Paid up Capital : UAE Dh 185,000
OPERATIONS
Activities: Engaged in the import and export of scrap metal
and aluminium as well as waste paper.
Import
Countries: India
Subject has a
workforce of 8 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
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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
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)