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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SEVEN EAGLES INTERNATIONAL TRADING LLC |
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Registered Office : |
Jacky’s Building,
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
23.03.1983 |
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Com. Reg. No.: |
26462, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of coils, pipes, electrical conduit and sheets |
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No. of Employees : |
110 |
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 : SEVEN EAGLES INTERNATIONAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 23rd March 1983
Commercial Registration Number : 26462,
Trade Licence Number : 229375
Chamber Membership Number : 26462
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 110
Activities : Distributors of coils, pipes, electrical conduit and sheets
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Joy Sakabata, Sales Manager
SEVEN EAGLES
INTERNATIONAL TRADING LLC
Registered &
Physical Address
Building : Jacky’s Building
Area :
PO Box : 40743
Town :
Country :
Telephone : (971-4) 2217273 / 2252977 / 2252321
Facsimile : (971-4) 2215940
Email : info@danagroups.com / drdana@emirates.net.ae
Premises
Subject operates
from a medium sized suite of offices, a showroom and storage facilities that
are rented and located in the Central Business Area of Dubai.
Branch Office (s)
Location Description
·
Murshid
Bazar Showroom
premises
Deira
Tel: (971-4) 2267293
Name Nationality Position
·
Dr
Birbal Singh Dana Indian Managing
Director
·
Ali Ibrahim
Nour Emirati Director
·
Suresh
Yadav - Finance
Manager
·
Joy
Sakabata - Sales
Manager
Date of Establishment : 23rd
March 1983
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 26462,
Trade Licence No. : 229375
(Expires 22/03/2013)
Chamber Member No. : 26462
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Ali
Ibrahim Nour 51%
·
Dr
Birbal Singh Dana 49%
·
Dana
Water Heaters & Coolers Factory LLC
·
Dana
Steel Processing Industries LLC
·
Arabian
Metalfix Contracting LLC (ARMEC)
·
Dana
Steels Pvt Ltd
·
Delta
Steel Engineering and Home Appliance Industries
·
Apika
Enterprises
·
Vidhyadhar
Nagar Hospital Pvt Ltd
Activities: Engaged in the import and distribution of
coils, pipes, electrical conduit and sheets.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 110 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 34,500,000 UAE Dh 36,200,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
PO Box: 3162
Tel: (971-4) 5531955
Fax: (971-4) 5536962
·
Mashreq
Bank Plc
Deira Branch
PO Box: 1250
Tel: (971-4) 2229131 / 2221134
Fax: (971-4) 2233784
·
Arab
Bank for Investment and Foreign Trade
PO Box: 5549
Tel: (971-4) 2220152
Fax: (971-4) 2234311
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.54.68 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
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 |
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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.