MIRA INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ORION WORLDWIDE GENERAL TRADING LLC |
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Registered Office : |
Mohamed Noor Talib Building, Office No. 603, Khaleed Bin Al Waleed Street, Sidiq Al Ajmani, Deira, Bur Dubai, P O Box 43388, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
29.01.2008 |
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Com. Reg. No.: |
1022626, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of scrap metals, metal pipes, plates and sheets |
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No. of Employees
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20 persons |
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 |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United Arab Emirates |
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 |
SUMMARY
Company Name : ORION WORLDWIDE GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 29th January 2008
Commercial Registration Number : 1022626, Dubai
Trade Licence Number : 605871
Chamber Membership Number : 128643
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 20
Activities : Distributors of scrap metals, metal pipes, plates and sheets.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ORION WORLDWIDE GENERAL TRADING LLC
company ADDRESS
Registered &
Physical Address
Building : Mohamed Noor Talib Building,
Office No. 603
Street : Khaleed Bin Al Waleed Street
Area : Sidiq Al Ajmani, Deira, Bur
Dubai
PO Box : 43388
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3519069
Facsimile : (971-4) 3519069
Email : orionww@eim.ae
/ info@orionworldwide.ae
Premises
Subject operates from
a medium sized suite of offices that are rented and located in the Central
Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
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Ajay
Makarya Mohen Lal Makarya Indian Managing
Director
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Hajan
Sengla Som Nan Sengla Indian Director
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Obaid
Saeed Rashid Khilfan Al Shamsi Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 29th
January 2008
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1022626,
Dubai
Trade Licence No. : 605871
(Expires 27/01/2012)
Chamber Member No. : 128643
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
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Obaid
Saeed Rashid Khilfan Al Shamsi 51%
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Ajay
Makarya Mohen Lal Makarya 25%
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Hajan Sengla
Som Nan Sengla 24%
AFFILIATED COMPANIES
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Orion
International FZE
Dubai
Tel: (971-4) 3257614
Fax: (971-4) 3257613
OPERATIONS
Activities: Engaged in the import and distribution of
scrap metals, metal pipes, plates and sheets.
Import Countries: Europe, Africa and the Far East.
International
Suppliers:
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Amman
Metals Trade Co Sarl Ivory Coast
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Amman
Metals Sarl Congo
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Angola
Metals Ltd Angola
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Asia
Metals Congo
Subject has a
workforce of 20 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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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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.96 |
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UK Pound |
1 |
Rs.82.04 |
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Euro |
1 |
Rs.68.91 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.