MIRA
INFORM REPORT
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Report Date : |
14.01.2011 |
IDENTIFICATION DETAILS
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Name : |
AL KHAYAL ALDHAH |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.01.1983 |
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Com. Reg. No.: |
57537, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Wholesale and retail of jewellery, precious stones and watches |
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 |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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UAE |
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 : AL KHAYAL ALDHAHABI JEWELLERY LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 15th January 1983
Commercial Registration Number : 57537,
Trade Licence Number : 203808
Chamber Membership Number : 10022
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 8
Activities : Wholesale and retail of jewellery, precious stones and watches
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Person Interviewed : Vekram Raj Singh, Administrative Officer
COMPANY NAME
AL KHAYAL ALDHAH
ADDRESS
Registered & Physical Address
Building :
Area : Gold Souq
PO Box : 51377
Town :
Country :
Telephone : (971-4) 2354890 / 2261526
Facsimile : (971-4) 2354891 / 2255685
Email : mick700@emirates.net.ae
Premises
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Rajesh Manekchand
Kothari Indian Managing
Director
· Yousuf Karam Ali Mohamed Emirati Director
· Mohamed Kotti - Sales
Manager
· Vekram Raj Singh - Administrative
Officer
· Mohamed Abu Baker - Accountant
LEGAL FORM & OWNERS
Date of
Establishment : 15th
January 1983
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 57537,
Trade Licence No. : 203808 (Expires 07/01/2011)
Chamber Member No. : 10022
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
· Yousuf Karam Ali
Mohamed 51%
· Rajesh Manekchand
Kothari 49%
AFFILIATED COMPANIES
· Yusuf Karam
Trading Est
Al Ras
PO Box: 51377
Tel: (971-4) 2263384
Fax: (971-4) 2255685
· Supama
International DMCC
Gold Souq
PO Box: 46351
Tel: (971-4) 2354890 / 3548282
Fax: (971-4) 2354891 / 3555146
OPERATIONS
Activities: Engaged in the wholesale and retail of jewellery, precious stones and watches.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a workforce of 8 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/08: Year
Ending 31/12/09:
Total Sales UAE
Dh 10,680,000 UAE Dh
11,200,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Bank of
PO Box: 3162
Tel: (971-4)
5531955
Fax: (971-4) 5536962
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1983, subject is owned and managed by Mr Rajesh Manekchand
Kothari, an Indian national who operates in
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.13 |
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1 |
Rs.71.05 |
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Euro |
1 |
Rs.59.10 |
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 |
-- |
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.