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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ADANI GLOBAL FZE |
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Registered Office : |
Plot No. MO226 Sheikh Zayed Road Jebel Ali Free Zone |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.10.1999 |
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Legal Form : |
Free Zone Establishment |
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Line of Business : |
Import and distribution of general merchandise |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : ADANI GLOBAL FZE
Country of Origin :
Legal Form : Free Zone Establishment - FZE
Registration Date : 1st October 1999
Trade Licence Number : 1947
Chamber Membership Number : 51852
Issued Capital : UAE Dh 18,000,000
Paid up Capital : UAE Dh 18,000,000
Total Workforce : 18
Activities : Import and distribution of general merchandise
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mehul Jani, Finance Manager
ADANI GLOBAL FZE
Registered &
Physical Address
Building : Plot No.
MO226
Street :
Area : Jebel Ali
Free Zone
PO Box : 17186
Town :
Country :
Telephone : (971-4) 8818048
Facsimile : (971-4)
8818207
Email : adani@emirates.net.ae / adaniglb@emirates.net.ae / adaniglb@eim.ae / rpnair@eim.ae
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Jebel Ali Free Zone.
Branch Offices
Location Description
·
Tel: (971-4)
3555484
Fax: (971-4)
3597801
Name Position
· Rakesh Madlal Shah Managing
Director
· Rakesh Shah Director
· Pranav Vora General
Manager
· M Nair Administration
Manager
· Mehul Jani Finance
Manager
Date of
Establishment : 1st
October 1999
Legal Form : Free Zone
Establishment - FZE
Trade Licence No. : 1947
Chamber Member No. : 51852
Issued Capital : UAE Dh 18,000,000
Paid up Capital : UAE Dh 18,000,000
Name of Shareholder
(s) Percentage
· Adani Global
Limited 100%
· Adani Exports
Limited
Adani House
Navarangpura
Ahmedabad 380 009
Tel: (91-79) 26565555 / 25555555
Fax: (91-79) 26565500 / 26555500
· Adani Global Pte
Ltd
· Adani Global Pte
Ltd
· Adani Virginia Inc
Activities: Engaged in the import and distribution of general merchandise,
including scrap steel, coal, agro products,
fertilizers, general foodstuff products and textiles.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a workforce of 18 employees.
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE
Dh 688,000,000 UAE Dh
700,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Mehul Jani, Finance Manager
·
Habib Bank Ltd
Murshid Bazaar
PO Box: 888
Tel: (971-4)
2221281
Fax: (971-4) 2284631
No complaints regarding subject’s payments have been reported.
Established in 1999, subject is involved in the import and distribution of
general merchandise, including textiles, general foodstuff products and
fertilizers.
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.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
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 |
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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 |
|
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.