MIRA INFORM REPORT

 

 

Report Date :

11.05.2011

 

IDENTIFICATION DETAILS

 

Name :

ESQUIRE INDUSTRIES FZC

 

 

Registered Office :

Hamriya Free Zone, Plot No. 2C-08, 42417, Sharjah

 

 

Country :

United Arab Emirates

 

 

Date of Incorporation :

20.02.2005

 

 

Com. Reg. No.:

1839 (Expires 19/02/2012)

 

 

Legal Form :

Free Zone Company – FZC.

 

 

Line of Business :

Engaged in the Processing of Marble, Granite and Ceramics.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United Arab Emirates

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : ESQUIRE INDUSTRIES FZC

Country of Origin                                    : Sharjah, United Arab Emirates

Legal Form                                            : Free Zone Company - FZC

Registration Date                                   : 20th February 2005

Commercial Registration Number            : 1839

Industrial Licence Number                       : 1039

Issued Capital                                        : UAE Dh 1,000,000

Paid up Capital                                      : UAE Dh 1,000,000

Total Workforce                                     : 65

Activities                                               : Processors of marble, granite and ceramics.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

COMPANY NAME

 

ESQUIRE INDUSTRIES FZC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Hamriya Free Zone, Plot No. 2C-08

PO Box             : 42417

Town                 : Sharjah

Country             : United Arab Emirates

Facsimile          : (971-6) 5397115

Mobile               : (971-55) 8491787 / 8290074 / 3456754

Email                : perfect@emirates.net.ae / esquirebm@hotmail.com

 

Premises

 

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Hamriya Free Zone Area of Sharjah.

 

Branch Offices

 

Location                                                                                                       Description

 

·       Industrial Area No. 4                                                                                      Warehouse premises

Sharjah

 

 

KEY PRINCIPALS

 

     Name                                                           Nationality                                 Position

 

·       Shibo Raj Shekharan                            Indian                                     Managing Director

 

·       Jamshid Jahangir Rohinton Binja                       Indian                                     Director

 

·       Mohamed Ali                                                       -                                        General Manager 

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 20th February 2005

 

Legal Form                  : Free Zone Company - FZC

 

Commercial Reg. No.  : 1839 (Expires 19/02/2012)

 

Industrial Licence No.  : 1039

 

Issued Capital              : UAE Dh 1,000,000

 

Paid up Capital            : UAE Dh 1,000,000

 

Name of Shareholder (s)

 

·       Shibo Raj Shekharan

 

·       Jamshid Jahangir Rohinton Binja

 

 

AFFILIATED COMPANIES

 

·       Esquire Building Materials LLC

PO Box: 63120

Dubai

Tel: (971-4) 2276810

 

 

OPERATIONS

 

Activities: Engaged in the processing of marble, granite and ceramics.

 

Import Countries: Europe and GCC countries

 

Subject has a workforce of 65 employees.

 

 

FINANCIAL DATA

 

Companies registered in Sharjah, 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

 

·       National Bank of Sharjah

Al Boorj Avenue

     PO Box: 4

     Sharjah

     Tel: (971-6) 5547747

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the company is deemed a fair trade risk.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.73

UK Pound

1

Rs.73.21

Euro

1

Rs.63.90

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.