MIRA INFORM
REPORT
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Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
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Name : |
ARJUN ALLOYS FZC |
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Registered Office : |
LOB 37, Ground
Floor No. 37, Hamriyah Free Zone, |
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Country : |
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Date of Incorporation : |
29.11.2007 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and exporters of wood, paper, metal,
garments and rubber |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Trade License not Renewed |
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Payment
Behaviour : |
---- |
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Litigation : |
---- |
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 |
Company NAME
Arjun
Alloys FZC
Company ADDRESS
Building : LOB 37, Ground Floor No. 37
Area :
Hamriyah Free Zone
P.O. Box : 49768
Town :
Sharjah
Country :
Telephone : (971 6) 526 2136 (unattended) /
Mobile (971 50 981 4361 (unobtainable)
Fax :
(971 6) 526 2137 (unattended)
SENIOR COMPANY PERSONNEL
Name
Position
Veeraj Tokas Owner
PAYMENTS
No trade experience
of payments is available.
Our sources could
not contact the company and obtain a direct
interview. The
telephone number which you provided : (971 6) 526 2136 is unattended. According
to our subject's mobile number is as follows:
Mobile (971 50 981 4361. This number is currently unobtainable. Our records also show the following fax
number is listed for the subject: (971 6) 526 2137. Several messages have been
sent to the above fax number requesting a contact, however no reply have been
received. No other telephone numbers are listed for the subject at the local
telephone directory.
According to
officials at the Hamriyah Free Zone subject's commercial registration hasn’t
been renewed since 28 November 2010.
Information in this
report was obtained from third party sources.
Opinion on maximum
credit: In the circumstances we recommend international suppliers deal on
a strictly
cash or prepaid basis.
Trade risk
assessment: No classification
PRINCIPAL BANKERS
Details of
subject's bankers could not be learnt.
FINANCIAL INFORMATION
Balance sheets are
not available and no financial information could be obtained from third party
sources.
LEGAL STATUS AND HISTORY
Date Started : 29 November 2007
Trade Licence No. : 3196 (expired on: 28 November 2010)
Capital : not given
Free Zone Company
(limited liability company) with the following sole shareholder:
Munish Kumar
(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 Subject is
involved in the following activities :
Registered
activity: Trading as importers and exporters of wood, paper, metal, garments
and rubber.
FACILITIES
The Subject has the
following facilities :
Registered office
located at the heading address.
SPECIAL NOTE
The address which
you provided: LOB 37 G-07 is incorrect. Please note that subject's correct
registered office address is as per heading.
Interviewed: Third
party sources.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.53 |
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1 |
Rs.72.78 |
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Euro |
1 |
Rs.62.14 |
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.