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Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
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Name : |
CNS TECHNOLOGIES FZCO |
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Registered Office : |
Office No. LB-18,
807, Sheikh Zayed Road, Jebel Ali Free Zone, P O Box 262268, Dubai |
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Country : |
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Date of Incorporation : |
31.07.2007 |
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Com. Reg. No.: |
2604, |
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Legal Form : |
Free Zone Company
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Line of Business : |
Providers of
information technology solutions for data centres |
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No. of Employees : |
15 employees |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
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 |
United Arab Emirates - ECONOMIC OVERVIEW
The UAE has an open economy with a high per capita income
and a sizable annual trade surplus. Successful efforts at economic
diversification have reduced the portion of GDP based on oil and gas output to
25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has
undergone a profound transformation from an impoverished region of small desert
principalities to a modern state with a high standard of living. The government
has increased spending on job creation and infrastructure expansion and is
opening up utilities to greater private sector involvement. In April 2004, the
UAE signed a Trade and Investment Framework Agreement with
|
Source : CIA |
Company Name : CNS
TECHNOLOGIES FZCO
Country of Origin :
Legal Form :
Free Zone Company - FZCO
Registration Date : 31st
July 2007
Commercial
Registration Number : 2604,
Trade Licence
Number : 7889
Chamber Membership
Number : 127147
Issued Capital : UAE Dh
1,000,000
Paid up Capital : UAE Dh
1,000,000
Total Workforce : 15
Activities :
Providers of information technology solutions for data centres.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
CNS TECHNOLOGIES
FZCO
Registered &
Physical Address
Building : Office No. LB-18, 807
Street :
Area : Jebel Ali Free Zone
PO Box : 262268
Town :
Country : United Arab Emirates
Telephone : (971-4) 3488491 / 8865842
Facsimile : (971-4) 3488492 / 8865843
Email : masuri@suriplus.com / mohammad.suri@cnstechno.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Jebel Ali Free
Zone,
Name Nationality Position
Mohamed Aslam Khan
Suri American Managing
Director
Date of
Establishment : 31st July 2007
Legal Form : Free Zone Company - FZCO
Commercial Reg.
No. : 2604,
Trade Licence
No. : 7889
Chamber Member
No. : 127147
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder
(s) Percentage
Mohamed Aslam Khan
Suri 100%
Activities: Engaged in the provision of information
technology solutions for data centres.
Subject has a
workforce of 15 employees.
Companies
registered in
Standard Chartered Bank
PO Box: 999
Tel: (971-4) 2520455
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.55.07 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
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.