MIRA INFORM
REPORT
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Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ASTRA ENTERPRISES |
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Registered Office : |
Ahmadi House, Sheikh
Zayed Road, Jebel Ali Free Zone, P O Box 16803, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
14.05.2002 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
General Trade Licence |
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 Licensed Expired |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
SUMMARY
Company Name : ASTRA ENTERPRISES
Country of Origin : British Virgin Islands
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 14th May 2002
Trade Licence Number : 3113
Chamber Membership Number : 68968
Issued Capital : UAE Dh 36,500
Paid up Capital : UAE Dh 36,500
Total Workforce : 4
Activities : General trade licence.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : N/A
COMPANY NAMe
ASTRA ENTERPRISES
company ADDRESS
Registered & Physical Address
Building : Ahmadi House
Street : Sheikh Zayed Road
Area : Jebel Ali Free Zone
PO Box : 16803
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8833684 / 3964386
Facsimile : (971-4) 8833683
Email : pastra@emirates.net.ae / vnshenoy@hotmail.com / astra@astraenterprise.com
Premises
Subject operates from
a small suite of offices and a warehouse that are rented and located in the
Jebel Ali Free Zone.
KEY PRINCIPALS
Name Position
·
Vasant
Narsimha Shenoy General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 14th
May 2002
Legal Form :
Subject is the United Arab
Emirates registered branch of Arch Commercial Ltd, a Limited Liability Company
incorporated in the British Virgin Islands.
Astra Enterprises in the United
Arab Emirates, operates as a Branch of a Foreign Registered Corporation.
A Branch of a Foreign
Registered Corporation is not a legal entity in its own right.
Responsibility for payments lays in the hands of the company where it is originally registered.
Under these circumstances, we
strongly advise that any international trade
credit should only be written
under the name of the main company where the
subject holds its registered
office, in this case the British Virgin Islands.
Trade Licence No. : 3113
(Expired 13/05/2004)
Chamber Member No. : 68968
Issued Capital : UAE Dh 36,500
Paid up Capital : UAE Dh 36,500
OPERATIONS
Activities: Subject holds a general trade licence,
enabling it to distribute general merchandise, including
pharmaceuticals, electrical
household appliances, ready made garments, building materials,
foodstuffs, jewellery and plastic compounds.
Subject has a
workforce of 4 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
·
Banque
Paribas
Twin Towers, 14th Floor
Baniyas Road
PO Box: 7233
Dubai
Tel: (971-4) 2525929
Acc No. 056762119
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Please note that
the subject’s trade licence number expired on 13th May 2004. We have
been unable to contact the company directly during our investigation and as
such suggest that any dealings with the company be on fully secured terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.69 |
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UK Pound |
1 |
Rs.70.87 |
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Euro |
1 |
Rs.62.26 |
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.