MIRA INFORM REPORT
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Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PRATHAM INTERNATIONAL FZE |
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Registered Office : |
E-524-25,
Hamriyah Free Zone, Sharjah |
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Country : |
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Date of Incorporation : |
14.08.2009 |
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Legal Form : |
Single Shareholder Limited Liability
Company |
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Line of Business : |
importers and exporters of diamond jewellery, gold jewellery,
and precious stones & metals |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Dh 100,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
NAMe
Pratham International FZE
company ADDRESS
Building : E-524-25
Area : Hamriyah Free Zone
Town : Sharjah
Country :
Telephone : (971 4) 331 2348 / Mobile (971 50) 553
9410 / 798 3556
Fax : (971 4) 299 6942
E-Mail : anand@calculates.ae
SENIOR COMPANY PERSONNEL
Name Position
Dikabai Doshi Managing
Director
Total Employees : 2 (administrative)
PAYMENTS
No complaints have been heard regarding payments
from local suppliers or banks.
Subject is a relatively newly established company
operating since August 2009.
We
consider it is acceptable to deal with subject for SMALL amounts,
however
in view of the lack of financial information we recommend international
suppliers exercise a degree of caution.
Opinion
on maximum credit : Dh 100,000 (higher amounts may be considered with full
fiscal disclosure)
Trade
risk assessment:
PRINCIPAL
BANKERS
NAME : EMIRATES
NBD (FMLY EMIRATES BANK INTERNATIONAL)
Branch :
Main Branch
P.O. Box : 25090
Town :
Sharjah
Telephone: (971 6) 573 3300
Fax :
(971 6) 573 0077
FINANCIAL
INFORMATION
Private companies in
LEGAL STATUS AND
HISTORY
Date Started : 14
August 2009
History : The
subject company was established in Hamriyah Free Zone on 14 August 2009.
Trade License No.: 5400
(expiry date : August 2011)
Capital : Dh
150,000
Free Zone
Establishment (single shareholder Limited Liability Company) with the following
sole shareholder :
Dikabai
Doshi 100%
(Indian
national)
* According to Hamriyah Free Zone Authority, which was established by an
Emiry decree in November 12, 1995, Free Zone Establishment (FZE) incorporated in
Hamriyah Free Zone is a single shareholder limited liability company. A Free
Zone Company (FZC) can have multiple shareholders (maximum 5 shareholders) who
can be either foreign individuals or a corporate body. The minimum capital
requirement for incorporating a Free Zone Establishment (FZE) or Free zone
Company (FZC) is Dhs.150,000 (Approximately US$ 40,000).
ACTIVITIES
The Company is involved in the following activities
:
Trading as importers and exporters of diamond
jewellery, gold jewellery, and precious stones & metals.
Imports from
Exports to GCC countries.
FACILITIES
The Company has the following facilities :
Rented office premises and storage facilities
located at the heading address.
SPECIAL NOTE
The address given by you: e52g-25 is misspelt.
Please note that the correct spelling is as per heading.
Interviewed: Dikabai Doshi (Managing Director).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.83 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.