MIRA INFORM REPORT
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Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ONE WORLD TRAVEL AND TOURISM LLC |
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Registered Office : |
Sama Building,
Mezzanine Floor, Suite No. M3, Dubai Sharjah Road, P O Box 120002, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
25.05.2005 |
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Com. Reg. No.: |
74175, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Operators of a travel and tour agency |
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 |
SUMMARY
Company Name : ONE WORLD TRAVEL AND TOURISM LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 25th May 2005
Commercial Registration Number : 74175, Dubai
Trade Licence Number : 569517
Chamber Membership Number : 97729
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 48
Activities : Operators of a travel and tour agency
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Ashirta Muras, Operations Manager
COMPANY NAME
ONE WORLD TRAVEL AND TOURISM LLC
company ADDRESS
Registered &
Physical Address
Building : Sama Building, Mezzanine Floor,
Suite No. M3
Street : Dubai Sharjah Road
PO Box : 120002
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2209393
Facsimile : (971-4) 2209191 / 2209494
Email : info@owtravels.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Eroul
Muras Indian Managing
Director
·
Ibrahim
Karam Ali Mohamed Emirati Director
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Ashirta
Muras - Operations
Manager
·
Rafik
Dridiri - Business
Development Manager
·
Tasneem
Pantinwala - Financial
Controller
·
Farzana
Sameer - Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 25th
May 2005
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 74175, Dubai
Trade Licence No. : 569517
(Expires 24/05/2012)
Chamber Member No. : 97729
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Ibrahim
Karam Ali Mohamed 51%
·
Eroul
Muras 49%
OPERATIONS
Activities: Engaged as operators of a travel and tour
agency. Subject’s services include, ticketing, holiday packages, safari
packages, hotels and chartered flights.
Partners:
·
Star
Cruise
·
Norwegian
Cruise Line
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Destinations
of the World
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AXA
Travel Insurance
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Royal
Caribbean
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Galileo
·
Holiday
Autos
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Alamo
·
Corral
Holidays
Subject has a
workforce of 48 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
·
National
Bank of Dubai
Baniyas Street
PO Box: 777
Dubai
Tel: (971-4) 2222241
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.47.89 |
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UK Pound |
1 |
Rs.75.31 |
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Euro |
1 |
Rs.65.64 |
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.