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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DATAR AND SONS
LLC |
|
|
|
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Registered Office : |
New Industrial
Area, 22288 |
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Country : |
|
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|
|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.02.1991 |
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Com. Reg. No.: |
14842, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors and
packaging of spices, grains, dry fruits and canned
foods |
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No. of Employees : |
58 |
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 |
|
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 30, 2011
|
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 : DATAR AND SONS LLC
Country of Origin :
Legal Form :
Limited Liability Company - LLC
Registration Date : 20th
February 1991
Commercial
Registration Number : 14842,
Trade Licence
Number : 14842
Industrial Licence
Number : 5831
Chamber Membership
Number : 67091
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 58
Activities :
Distributors and packaging of spices, grains, dry
fruits and canned foods
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Randesh Babu, Finance Manager
DATAR AND SONS LLC
Location : New Industrial Area
PO Box : 22288
Town :
Country :
Telephone : (971-6) 7435240
Facsimile : (971-6) 7436963
Email : datar@emirates.net.ae / prasanth@datarspice.com / datarsm@eim.ae
Subject operates
from a medium sized suite of offices and a factory and a warehouse that are
owned and located in the Industrial Area of Ajman.
Name Nationality Position
·
Sanjay Mahadeva
Datar Indian Managing
Director
·
Adel
Obaid Khalfan Majid Al Matrooshi Emirati Director
·
Randesh Babu - Finance
Manager
·
Abhijeet Naiskar - Marketing
Manager
·
Sunil Walawalkar - Production
Manager
Date of Establishment : 20th
February 1991
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 14842,
Trade Licence No. : 14842
Industrial
Licence No. : 5831 (Expires 18/09/2012)
Chamber Member No. : 67091
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Adel
Obaid Khalfan Majid Al Matrooshi 51%
·
Sanjay
Mahadeva Datar 49%
·
Datar
Spice Market LLC
368 /6C Street
Tel: (971-4)
3368126
·
Datar
& Sons Export (Pvt) Ltd
Mumbai
·
Selmax Export Pvt. Ltd
108,
Creative Industrial Estate
Sunder Nagar, Road No. 2
Kalina, Santacruz (East)
Mumbai 400098
Tel: (91-22) 26660857
Fax: (91-22) 26661965
Activities: Engaged in the import, distribution and
packaging of spices, grains, dry fruits and canned
foods.
Subject is HACCP accredited.
Import
Countries:
Brand Names: DATAR and TASTEE.
Operating Trend: Steady
Subject has a
workforce of 58 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 23,750,000 UAE Dh 26,660,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Randesh Babu, Finance Manager
·
United
Arab Bank
Deira Branch
Tel: (971-4) 2220181
·
Middle
East Bank Ltd
PO Box: 5547
Tel: (971-4) 2220121
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.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.