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MIRA
INFORM REPORT
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Report Date : |
14.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROSY BLUE (EURASIA) FZE |
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Registered Office : |
Dubai Airport
Free Zone, West Wing No. 3, 3rd Floor, Suite No.
304, PO Box 54303, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
1999 |
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Legal Form : |
Free Zone Establishment - FZE |
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Line of Business : |
Import, Polishing and Distribution of Diamonds, Precious
Stones and Jewellery Items |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ROSY BLUE (EURASIA) FZE
Country of Origin : Dubai, United Arab Emirates
Legal Form : Free Zone Establishment - FZE
Registration Date : 1999
Trade Licence Number : 8055
Chamber Membership Number : 200147
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 23
Activities : Import, polishing and distribution of diamonds, precious stones and
jewellery items
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
ROSY BLUE (EURASIA)
FZE
ADDRESS
Registered & Physical Address
Location : Dubai Airport Free Zone, West Wing No. 3, 3rd Floor, Suite No. 304
PO Box : 54303
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2995914
Facsimile : (971-4) 2995916
Email : rosyblue@emirates.net.ae
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Dubai
Airport Free Zone.
KEY PRINCIPALS
Name Nationality Position
·
Arshad Mehta Indian Managing
Director
·
Dilip Mehta Indian Director
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Vadi
Velu - Finance
Manager
·
Manoj Shah - Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1999
Legal Form :
Free Zone Establishment -
FZE
Trade Licence No. : 8055
Chamber Member No. : 200147
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder (s)
·
Arshad Mehta
·
Dilip Mehta
AFFILIATED COMPANIES
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Rosy Blue
Trading LLC
Gold Centre Building, Zone IV,
Suite 134
Al Khor Street
Al Ras
PO Box 54303
Dubai
Tel: (971-4) 2252221
Fax: (971-4) 2269442
·
Rosy
Blue DMCC
Unit 23, Business Avenue, Plot
287/128
PO Box 98173
Dubai
Tel: (971-4) 2995914 / 2998001 / 2045990
Fax: (971-4) 2995916
Email: manoj.shah@rosyblue.com
OPERATIONS
Activities: Engaged in the import, polishing and
distribution of diamonds, precious stones and jewellery items.
Import
Countries: Belgium and
India
Subject has a
workforce of 23 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
·
ABN Amro Bank
Deira Branch
PO Box : 2567
Dubai
Tel : (971-4) 3512200
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
1999, subject is involved in the import, polishing and distribution of
diamonds, precious stones and jewellery items.
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.47.71 |
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UK Pound |
1 |
Rs.83.30 |
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Euro |
1 |
Rs.65.12 |
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%)