MIRA INFORM
REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KRYSTAL GLOBAL SERVICE LLC |
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Registered Office : |
Gulf House, Dubai
Internet City, P O Box 500821, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
24.02.2009 |
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Com. Reg. No.: |
1041164, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Providers of facility management services |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 : KRYSTAL GLOBAL SERVICE LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 24th February 2009
Commercial Registration Number : 1041164, Dubai
Trade Licence Number : 622090
Chamber Membership Number : 168404
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 70
Activities : Providers of facility management services.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
KRYSTAL GLOBAL
SERVICE LLC
company ADDRESS
Registered & Physical Address
Building : Gulf House
Area : Dubai Internet City
PO Box : 500821
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3636846 / 4342343
Facsimile : (971-4) 3636845 / 4342344
Email : info@krystal-group.com
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
·
Prasad
Manish Lod Indian Managing
Director
·
Mohamed
Eman Thani Fairooz Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 24th
February 2009
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1041164,
Dubai
Trade Licence No. : 622090
Chamber Member No. : 168404
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Mohamed
Eman Thani Fairooz 51%
·
Prasad
Manish Lod 49%
AFFILIATED COMPANIES
·
Krystal
Integrated Services Pvt Ltd
India
·
Krystal
Techno Engineering Services Pvt Ltd
India
·
Krystal
Aviation Services Pvt Ltd
India
·
Krystal
Gourmet Pvt Ltd
India
·
AAA
Aviation Pvt Ltd
India
OPERATIONS
Activities: Engaged in the provision of facility
management services, including housekeeping, security services, city maintenance, support services and O & M
services.
Subject has a
workforce of 70 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
·
Emirates
Bank International Ltd
Deira
PO Box: 2923
Dubai
Tel: (971-4) 3160316
Fax: (971-4) 2264302
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.70.84 |
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Euro |
1 |
Rs.62.96 |
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.