MIRA
INFORM REPORT
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Report Date : |
15.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
Y S INTERNATIONAL DMCC |
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Registered Office : |
Royal Diamond
Building, 3rd Floor, Suite 307, Gold Souk, PO Box 17687, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
29.12.2007 |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Traders of Diamonds and Jewellery |
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 : Y S INTERNATIONAL DMCC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 29th December 2007
Trade Licence Number : 30752, DMCC
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Total Workforce : 3
Activities : Traders of diamonds and jewellery
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
Y S INTERNATIONAL
DMCC
ADDRESS
Registered & Physical Address
Building : Royal Diamond Building, 3rd
Floor, Suite 307
Area : Gold Souk
PO Box : 17687
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2351909
Facsimile : (971-4) 2351979
Mobile : (971-50) 6268094
Email : jain@eim.ae
Premises
Subject operates
from a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Branch Office
(s)
Location Description
·
King
Faisal Street Sales
office
Sharjah
Tel: (971-6) 5596233
KEY PRINCIPALS
Name Position
·
Sanjeev
Jain Managing
Director
·
Rajmal
Jain Director
LEGAL FORM & OWNERS
Date of Establishment : 29th
December 2007
Legal Form :
Limited Liability Company
Trade Licence No. : 30752, DMCC
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Name of Shareholder (s)
·
Sanjeev
Jain
·
Rajmal
Jain
OPERATIONS
Activities: Engaged as traders of diamonds and
jewellery.
Subject has a
workforce of 3 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Habib Bank Ltd
Trade Service Centre
Murshid Bazaar
PO Box : 888
Dubai
Tel : (971-4) 2221281
Fax : (971-4) 2284631
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.63 |
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UK Pound |
1 |
Rs.83.76 |
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Euro |
1 |
Rs.66.49 |
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%)