MIRA INFORM
REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Name : |
LALS INTERNATIONAL LTD FZC |
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Registered Office : |
Plot No. S 20125,
Mazaya Centre, Road No. SW 301 G, Jebel Ali Free Zone, P O Box 74944 &
11096, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
01.08.2010 |
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Legal Form : |
Free Zone Company |
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Line of Business : |
Import and distribution of telecom, electrical, clothing and furniture products |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Maximum Credit Limit : |
US$ 150,000 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 |
Bottom of Form
SUMMARY
Company Name : LALS INTERNATIONAL LTD FZC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Free Zone Company - FZC
Registration Date : 1st August 2010
Trade Licence Number : 7693
Chamber Membership Number : 185154
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 20
Activities : Import and distribution of telecom, electrical, clothing and furniture
products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
LALS INTERNATIONAL
LTD FZC
company ADDRESS
Registered & Physical Address
Location : Plot No. S 20125, Mazaya Centre
Street : Road No. SW 301 G
Area : Jebel Ali Free Zone
PO Box : 74944 & 11096
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8133777
Facsimile : (971-4) 8133888
Email : info@lalgroup.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Jebel
Ali Free Zone, Dubai.
KEY PRINCIPALS
Name Position
·
Lal Hari Ram Ganawani Managing
Director
·
Jain Kumar Lal Hari Ram Ganawani Director
·
L K Pagarani Director
·
Deepak
L Pagarani Director
·
D T
Kalwani Director
·
Harish
Bhojwani Director
·
Viraf
Rimawala General
Manager
·
Paradeep
Bala Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
August 2010
Legal Form :
Free Zone Company - FZC
Trade Licence No. : 7693
Chamber Member No. : 185154
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder
(s) Percentage
·
Techmart
Telecom Distribution FZCO 100%
Dubai
AFFILIATED COMPANIES
·
Al Maya
Lal’s Group of Companies
PO Box: 11096
Dubai
Tel: (971-4) 2821555 / 282255
Fax: (971-4) 2826660 / 2826661
·
Lal’s
Trading Co LLC
·
Al Maya
Trading Co LLC
·
Shop-N-Save
Supermarket
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Al Maya
Shoemart
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Jyoti Textiles
·
Tesco
Industries Ltd
OPERATIONS
Activities: Engaged in the import and distribution of
telecom, electrical, clothing and furniture products.
Subject has a
workforce of 20 employees.
FINANCIAL DATA
Subject is a newly formed
business and as a result financial information is not currently available.
BANKERS
·
Mashreq
Bank Plc
Deira Branch
PO Box: 1250
Dubai
Tel: (971-4) 2229131 / 2221134
Fax: (971-4) 2233784
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
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.