MIRA INFORM
REPORT
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Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
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Name : |
RIGIDAL INDUSTRIES LLC |
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Registered Office : |
Dubai Investment
Park, Emirates Street : Jebel Ali Free
Zone, P O Box 60493, Dubai |
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Country : |
United Arab Emirates: |
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Date of Incorporation : |
04.11.1992 |
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Com. Reg. No.: |
46364, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Aluminium Extrusion |
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
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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 : RIGIDAL INDUSTRIES LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 4th November 1992
Commercial Registration Number : 46364, Dubai
Trade Licence Number : 300682
Chamber Membership Number : 25563
Issued Capital : UAE Dh 1,453,000
Paid up Capital : UAE Dh 1,453,000
Total Workforce : 150
Activities : Aluminium extrusion.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
RIGIDAL INDUSTRIES LLC
company ADDRESS
Registered & Physical Address
Location : Dubai Investment Park
Street : Emirates Street
Area : Jebel Ali Free Zone
PO Box : 60493
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8854232
Facsimile : (971-4) 8854223
Email : murali.ayalur@rigidal.com / info@rigidal.com
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Jebel Ali Free Zone Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Phillip
Raymond Ellerby British Managing
Director
LEGAL FORM & OWNERS
Date of Establishment : 4th
November 1992
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 46364, Dubai
Trade Licence No. : 300682
(Expires 26/10/2011)
Chamber Member No. : 25563
Issued Capital : UAE Dh 1,453,000
Paid up Capital : UAE Dh 1,453,000
Name of Shareholder
(s) Percentage
·
Macs
Plus General Trading LLC 51%
Dubai
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Rigidal
Emirates Holding Ltd 49%
Dubai
OPERATIONS
Activities: Engaged in all aspects of aluminium
extrusion. Subject produces aluminium roofing sheets, panels,
cladding and profiles.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 150 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
·
Arab
Bank Plc
Ittihad Street
PO Box: 11364
Dubai
Tel: (971-4) 2228845
Fax: (971-4) 2285974 / 2940847
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.10 |
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UK Pound |
1 |
Rs.71.88 |
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Euro |
1 |
Rs.63.75 |
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.