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Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MOULDS & METALS FZE |
|
|
|
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Registered Office : |
Fujairah Free
Zone, |
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Country : |
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|
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Financials (as on) : |
31.12.2011 |
|
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Year of Establishment : |
1990 |
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Legal Form : |
Free Zone Establishment |
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Line of Business : |
Distributors of metals |
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : MOULDS & METALS FZE
Country of Origin :
Legal Form : Free Zone Establishment - FZE
Start Date : 1990
Registration Date : 3rd July 2004
Trade Licence Number : 1269
Chamber Membership Number : 8960
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 10
Activities : Distributors of metals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
MOULDS & METALS
FZE
Registered Address
Location :
PO Box : 5129
Town :
Country :
Telephone : (971-9) 2281073
Facsimile : (971-9) 2281074
Physical Address
Building : Al Rigga Palace, 2nd Floor, Suite
No. 201
Street :
Area : Deira
PO Box : 32691
Town :
Country :
Telephone : (971-4) 2292613
Facsimile : (971-4) 2292614
Email : mmetals@emirates.net.ae / info@mmetals-uae.com
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Name Nationality Position
·
Viwasvat
Kumar Shastri Indian Managing
Director
·
Sree
Kumar Indian General
Manager
·
Maan Mohan - Finance
Manager
·
Zulfiqar Naqvi - Marketing
Manager
Date of Establishment: Subject’s operations date back to 1990,
however it was registered on 3rd July 2004
Legal Form :
Free Zone Establishment -
FZE
Trade Licence No. : 1269
Chamber Member No.: 8960
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder
(s) Percentage
·
Viwasvat
Kumar Shastri 100%
Activities: Engaged in the import and distribution of
metals, including steel, ferrous and non-ferrous metals, scrap
metals, alloys, chemicals and refractory
related products.
Import
Countries: Europe and the
Export
Countries:
Operating Trend: Steady
Subject has a
workforce of 10 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
94,700,000 UAE Dh
98,250,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
National
Bank of
PO Box: 887
Tel: (971-9) 2224518 / 2224513
Fax: (971-9) 2224516 / 2229470
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to contact the subject directly during our investigation.
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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.