MIRA INFORM
REPORT
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Report Date : |
19.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ANTONIA JEWELLERY LLC |
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Registered Office : |
Gold Land
Building, Mezzanine Floor, M-52, Al Daghaya Street, Deira, P O Box 94340,
Dubai |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
23.10.2001 |
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Com. Reg. No.: |
57684, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesalers and retailers of jewellery, pearls and precious stones, giftware, crystal products and watches |
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 – 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 |
SUMMARY
Company Name : ANTONIA JEWELLERY LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 23rd October 2001
Commercial Registration Number : 57684, Dubai
Trade Licence Number : 529857
Chamber Membership Number : 65611
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities : Wholesalers and retailers of jewellery, pearls and precious stones,
giftware, crystal products and watches.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : S Baljit, Financial Controller
COMPANY NAME
ANTONIA JEWELLERY
LLC
company ADDRESS
Registered & Physical Address
Building : Gold Land Building, Mezzanine
Floor, M-52
Street : Al Daghaya Street
Area : Deira
PO Box : 94340
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2263851
Facsimile : (971-4) 2264082
Mobile : (971-50) 5527951
Email : accounts@antoniajewellery.com
/ sirajparikh@hotmail.com
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
·
Siraj
Biosh Parikh Indian Managing
Director
·
Mohamed
Ali Rashid Sulaiman Ajtabi Emirati Director
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S Baljit - Finance
Controller
·
Viraj Shah - Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 23rd
October 2001
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 57684, Dubai
Trade Licence No. : 529857 (Expires 22/10/2011)
Chamber Member No. : 65611
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Mohamed
Ali Rashid Sulaiman Ajtabi 51%
·
Siraj
Biosh Parikh 49%
OPERATIONS
Activities: Engaged as wholesalers and retailers of
jewellery, pearls and precious stones, giftware, crystal products, and watches.
Import
Countries: Europe and South
Africa.
Operating Trend: Steady
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE Dh
14,780,000 UAE Dh
15,500,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
Bank of Dubai
Baniyas Street
Deira
PO Box: 1709
Dubai
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.
Bottom of Form
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.57 |
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UK Pound |
1 |
Rs.71.75 |
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Euro |
1 |
Rs.62.60 |
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.