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Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
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Name : |
Paper Link International Ltd. |
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Registered Office : |
LOB No. 5, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.03.2001 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Distributors of waste and recyclable paper |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 700,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : PAPER LINK INTERNATIONAL LTD
Country of Origin :
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 20th March 2001
Trade Licence Number : 2838
Chamber Membership Number : 62825
Issued Capital : UAE Dh 180,000
Paid up Capital : UAE Dh 180,000
Total Workforce : 8
Activities : Distributors of waste and recyclable paper
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 700,000
Person Interviewed : T P Parasheed, Financial Controller
COMPANY NAME
PAPER LINK INTERNATIONAL LTD
Registered &
Physical Address
Building : LOB No. 5
Street :
Area : Jebel Ali Free Zone
PO Box : 17913
Town :
Country :
Telephone : (971-4) 8811557 / 2341092
Facsimile : (971-4) 8811688 / 2341093
Email : mail@paperlinkintl.com
/ accounts@paperlinkintl.com
Premises
Subject operates from a small suite of offices and a warehouse that are rented and located in the Jebel Ali Free Zone Area of Dubai.
Name Nationality Position
Juzar Asgar Ali Pardawala Indian Managing Director
Mohamed Abdul Saboor - Sales Manager
T P Parasheed - Financial Controller
Date of Establishment : 20th March 2001
Legal Form : Subject is the United Arab Emirates registered branch of Paper Link International Ltd, a
Limited
Liability Company incorporated in the
Paper Link
International Ltd in the
of a Foreign Registered Corporation.
A Branch of a Foreign Registered Corporation is not a legal entity in its own right.
Responsibility for payments lays in the hands of the company where it is originally
registered.
Under these circumstances, we strongly advise that any international trade credit should
only be written under the name of the main company where the subject holds its registered
office, in this case
the
Trade Licence No. : 2838 (Expires 19/03/2013)
Chamber Member No. : 62825
Issued Capital : UAE Dh 180,000
Paid up Capital : UAE Dh 180,000
Paper Link Trading LLC
Tel: (971-4)
2341092
Fax: (971-4) 2341093
Activities: Engaged in the import and distribution of
waste and recyclable paper.
Import Countries:
International Suppliers:
ITC Limited
Gayatrishakti Paper & Boards Limited
Ruby Macons Limited
KPAQ Industries, LLC
RAND Whitney Containerboard
Export Countries:
Operating Trend: Steady
Subject has a workforce of 8 employees.
Financial highlights provided by local sources are given below:
Currency:
Year Ending 31/12/10: Year Ending 31/12/11:
Total Sales UAE Dh 49,000,000 UAE Dh 55,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr T P Parasheed, Financial Controller
Abu Dhabi Commercial Bank
PO Box: 5550
Tel: (971-4) 2958888 / 3228141
Fax: (971-4) 2959310 / 3279632
No complaints regarding subject’s payments have been reported.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.41 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.66 |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.