MIRA INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
NAR TECHNOLOGIES GENERAL TRADING LLC |
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Registered Office : |
Plot No. 597/751,
Building No. 2, Dubai Investment Park, P O Box 122016, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
06.07.2008 |
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Com. Reg. No.: |
1031576, Dubai |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of industrial server solutions, satellites, mobile computing, aperture terminal networking products, voice recording systems, wireless solutions, rapid prototyping and reverse engineering |
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 : NAR TECHNOLOGIES GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 6th July 2008
Commercial Registration Number : 1031576, Dubai
Trade Licence Number : 613340
Chamber Membership Number : 143350
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 20
Activities : Distributors of industrial server solutions, satellites, mobile computing,
aperture terminal networking products, voice recording systems,
wireless solutions, rapid prototyping and reverse engineering.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
NAR TECHNOLOGIES GENERAL TRADING LLC
company ADDRESS
Registered &
Physical Address
Location : Plot No. 597/751, Building No. 2
Area : Dubai Investment Park
PO Box : 122016
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3969936 / 8849969
Facsimile : (971-4) 3968411 / 8849163
Email : info@nartechnologies.ae
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Dubai
Investment Park.
KEY PRINCIPALS
Name Nationality Position
·
Shahid
Rafiq Mohamed Rafiq Pakistani Managing
Director
·
Saeed
Mohamed Tareq Pakistani Director
·
Lidya
Mohamed Fawzi Emirati Director
LEGAL FORM & OWNERS
Date of Establishment : 6th
July 2008
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1031576,
Dubai
Trade Licence No. : 613340
(Expires 02/07/2012)
Chamber Member No. : 143350
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Lidya
Mohamed Fawzi 51%
·
Shahid
Rafiq Mohamed Rafiq 25%
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Saeed
Mohamed Tareq 24%
OPERATIONS
Activities: Engaged in the import and distribution of
industrial server solutions, satellites, mobile computing,
aperture terminal networking products, voice recording systems, wireless
solutions, rapid prototyping
and reverse engineering.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 20 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.49.62 |
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UK Pound |
1 |
Rs.76.68 |
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Euro |
1 |
Rs.66.47 |
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.