MIRA
INFORM REPORT
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Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SU-RAJ INTERGOLD DMCC |
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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 : |
09.04.2006 |
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Legal Form : |
Free Zone Company – FZ LLC |
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Line of Business : |
Wholesale and retail of jewellery, diamonds and other precious stones. |
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 : SU-RAJ INTERGOLD DMCC
Country of Origin :
Legal Form : Free Zone Company – FZ LLC
Registration Date : 9th April 2006
Trade Licence Number : 30209
Chamber Membership Number : 106390
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 15
Activities : Wholesale and retail of jewellery, diamonds and other precious stones.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Kapiel Jain, Commercial Manager
COMPANY NAME
SU-RAJ INTERGOLD DMCC
ADDRESS
Registered & Physical Address
Building :
Area : Old Gold
Souk, Deira
PO Box : 172157
Town :
Country :
Telephone : (971-4) 2291001
Facsimile : (971-4)
2351004
Email : rahul@su-rajintergold.com
/ info@su-rajintergold.com
/ kapil@su-rajintergold.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
· Rajan Kishorimal
Khimawat Indian Managing
Director
· Rahul Kishorimal
Khimawat Indian Director
· Mehul Gandhi - Director
· Manvir Singh - Finance
Manager
· Kapiel Jain - Commercial
Manager
· Jakani Maneyar
- Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 9th
April 2006
Legal Form : Free Zone Company
– FZ LLC
Trade Licence No. : 30209 (Expires 08/04/2011)
Chamber Member No. : 106390
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder (s) Percentage
· Rajan Kishorimal
Khimawat 100%
OPERATIONS
Activities: Engaged in the wholesale and retail of jewellery, diamonds and other
precious stones.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a workforce of 15 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 31,500,000 UAE Dh
32,800,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures were confirmed by Mr Kapiel Jain, Commercial Manager
BANKERS
·
Mashreq Bank Plc
Deira Branch
PO Box: 1250
Tel: (971-4)
2229131 / 2221134
Acc No.
0492524563
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2006, subject is involved in the import and distribution of
jewellery, diamonds and other precious stones.
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.45.58 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.61.45 |
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.