MIRA INFORM
REPORT
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Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DISHA IMPEX TRADING LLC |
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Registered Office : |
Al |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
13.02.2002 |
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Com. Reg. No.: |
58543, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesalers and retailers of metal products, hardware, tools, building materials, paint, varnish and construction chemicals. |
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$ 250,000 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
SUMMARY
Company Name : DISHA IMPEX TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 13th February 2002
Commercial Registration Number : 58543,
Trade Licence Number : 532010
Chamber Membership Number : 67323
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 10
Activities : Wholesalers and retailers of metal products, hardware, tools, building
materials, paint, varnish and construction chemicals.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
Person Interviewed : M Mahesh, Financial Controller
COMPANY NAME
DISHA IMPEX TRADING LLC
company ADDRESS
Registered & Physical Address
Building : Al
Area : Naif Area
PO Box : 44075
Town :
Country :
Telephone : (971-4) 2216786
Facsimile : (971-4) 2218786
Email : dishaimp@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
·
Nirmal
Vasadef Hotchandani Indian Managing Director
·
Essa
Nasser Saeed Mohamed Bin Jarash Emirati Director
·
Parkash
Barwani - Assistant
General Manager
·
M Mahesh - Financial
Controller
LEGAL FORM & OWNERS
Date of Establishment : 13th
February 2002
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 58543,
Trade Licence No. : 532010
(Expires 14th December 2011)
Chamber Member No. : 67323
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s) Percentage
·
Essa
Nasser Saeed Mohamed Bin Jarash 51%
·
Nirmal
Vasadef Hotchandani 49%
OPERATIONS
Activities: Engaged in the wholesale and retail of
metal products, hardware, tools, building materials, paint, varnish
and construction chemicals.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 10 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 8,885,000 UAE Dh 9,200,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr M Mahesh, Financial Controller
BANKERS
·
Commercial
Bank of
Deira
PO Box: 1709
Tel: (971-4) 2227121 / 2253222
Fax: (971-4) 2220943 / 2254565
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.45.58 |
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|
1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.01 |
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.