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Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ASIA AND |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
23.07.2005 |
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Com. Reg. No.: |
75324, |
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Legal Form : |
Limited Liability
Company - LLC |
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Line of Business : |
Distributors of laboratory,
construction, educational, automotive, agricultural pharmaceutical equipment
and foodstuff. |
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No. of Employees : |
30 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : ASIA AND
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 23rd
July 2005
Commercial
Registration Number : 75324,
Trade Licence
Number : 571646
Chamber Membership
Number : 99433
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 30
Activities :
Distributors of laboratory, construction, educational, automotive, agricultural
pharmaceutical equipment and foodstuff.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Zubair Khan,
Sales Manager
ASIA AND
Building :
Street :
Area : Al Rigga, Deira
PO Box : 172363
Town :
Country :
Telephone : (971-4) 2287010 / 2287011 / 2858880 /
2356041
Facsimile : (971-4) 2287012
Email : india@asia-africa.org / sales@agro-factory.com
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Dubai.
Branch Office
(s)
Location Description
·
Plot
No. 597-773 Packaging
factory & warehouse
Tel: (971-4) 8849761
Fax: (971-4) 8849768
·
Al Ras
Area Oil
& canned food division
Deira
Tel: (971-4) 2356041
Fax: (971-4) 2356043
·
Al Ras
Area Grains
division
Tel: (971-4) 2268241
Fax: (971-4) 2268251
Name Nationality Position
·
Amit Sethi
Madan Lal Sethi Indian Managing Director
·
Rajve
Ranjan - General
Manager
·
Akhlaq
Ahmed - Financial
Manager
·
Zubair
Khan - Sales Manager
Date of Establishment : 23rd
July 2005
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 75324,
Trade Licence No. : 571646
(Expires 16/09/2012)
Chamber Member No. : 99433
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Gazal Investments
Group LLC 51%
·
Amit
Sethi Madan Lal Sethi 49%
·
Santosh
Nina Investment & Trading FZ LLC
Ras Al Khaimah
·
Asia
& Africa Foodstuff Factory LLC
Activities: Engaged in the import and distribution of
laboratory, construction, educational, automotive, agricultural and
pharmaceutical equipment.
Import & distribution of Agri Food
Commodities , such as Grains, Oil & Oil Seed’s, Pulses, Rice, Sugar, Dry
Fruits & Nuts,
Spices, Canned Foods, Fresh fruits & Vegetables and specialty Products.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 30 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 51,700,000 UAE Dh 55,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures were provided by Zubair Khan, Sales Manager.
·
Emirates
National Bank of
PO Box: 777
Tel: (971-4) 2222241
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.54.55 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
-- |
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.