MIRA INFORM REPORT
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Report Date : |
31.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
MINISTRY OF PRESIDENTIAL AFFAIRS |
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Registered Office : |
Corniche Road,
Abu Al Abyad Island, P O Box 4815 & 280 & 372, Abu Dhabi |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
November 2004 |
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Legal Form : |
Government Organizations |
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Line of Business : |
Subject is engaged in activity include studying issues, providing consultancy to the president and following up the execution of related directives |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
COMPANY NAME
MINISTRY OF PRESIDENTIAL AFFAIRS
ALSO KNOWN AS
DEPARTMENT OF THE PRESIDENTS
company ADDRESS
Registered &
Physical Address
Location : Corniche Road, Abu Al Abyad Island
PO Box : 4815 & 280 & 372
Town : Abu Dhabi
Country : United Arab Emirates
Telephone : (971-2) 6222221 / 6900000 / 2222221 /
6222229
Facsimile : (971-2) 6222228
Email : ihtimam@mopa.ae
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Abu Dhabi.
KEY PRINCIPALS
Name Position
·
Sheikh
Mansoor Bin Zayed Al Nahyan Minister
of Presidential Affairs
OPERATIONS
Activities: The Ministry of Presidential Affairs was established in November 2004 and combined both the Office of His Royal Highness the President and the Presidential Court. The Ministry aims to provide high quality services to support national policies and decision makers.
The ministry’s main activities are: studying issues,
providing consultancy to the president and following up the execution of
related directives. Studying legislative projects, decrees, organisations and
treaties before presenting to the president. Conducting research and studies
that reflect the country’s strategic objectives. Preparing and analyzing
studies and reports related to the ministry’s field of specialisation.
Following up and evaluating the performance of ministries, authorities and
general establishments and the level of their application of government
policies and programmes. Organisation of communications between the country’s
ministries, departments, authorities, general establishment and the president.
observing political developments, preparing analytical reports, issuing
circular journals and media communiqués. Studying issues relating to
nationality and court cases, and providing relevant consultancy to the
president. Receiving correspondence directed to the president, organising its
presentation and reporting the directives related to them to the concerned
entities, as well as any other duties the president assigns to the ministry.
FINANCIAL DATA
Subject is not a
commercial entity but a ministry within the government of United Arab Emirates
that receives an annual allocation from the Emirati budget. As such no
financial information was released by the subject or submitted by outside
sources.
BANKERS
·
National
Bank of Abu Dhabi
Sheikh Khalifa Street
PO Box: 4
Abu Dhabi
Tel: (971-2) 6345777 / 6327113 / 6335262
Fax: (971-2) 6336078
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.49.50 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.19 |
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.