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Report Date : |
05.10.2012 |
IDENTIFICATION DETAILS
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Name : |
CENTURY MALL LLC |
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Registered Office : |
Century Mall Building Al Wuheida Road Al Mamzar PO Box 99300 Dubai |
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Country : |
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Date of Incorporation : |
10.11.2002 |
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Com. Reg. No.: |
60981, |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Operators and managers of Century Mall |
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No. of Employees : |
50 |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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UAE |
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 |
UAE - ECONOMIC OVERVIEW
The UAE has an open economy
with a high per capita income and a sizable annual trade surplus. Successful
efforts at economic diversification have reduced the portion of GDP based on
oil and gas output to 25%. Since the discovery of oil in the UAE more than 30
years ago, the UAE has undergone a profound transformation from an impoverished
region of small desert principalities to a modern state with a high standard of
living. The government has increased spending on job creation and
infrastructure expansion and is opening up utilities to greater private sector
involvement. In April 2004, the UAE signed a Trade and Investment Framework
Agreement with
Source : CIA
Company Name : CENTURY MALL LLC
Country of Origin :
Legal Form : Limited Liability Company – LLC
Registration Date : 10th November 2002
Commercial Registration Number : 60981,
Trade Licence Number : 539433
Chamber Membership Number : 73288
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 50
Activities : Operators and managers of Century Mall
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
CENTURY MALL LLC
Building : Century Mall
Building
Street :
Area : Al Mamzar
PO Box : 99300
Town :
Country :
Telephone : (971-4) 2035578
/ 2285252
Facsimile : (971-4)
2966337 / 2285200
Email : century9@emirates.net.ae
Subject operates from a medium sized suite of offices that are owned and
located in the Central Business Area of Dubai.
Name Nationality Position
· Jamno Perumal
Kalwani Omani Managing
Director
·
Date of
Establishment : 10th
November 2002
Legal Form : Limited Liability Company
– LLC
Commercial Reg.
No. : 60981,
Trade Licence No. : 539433 (Expires 09/11/2012)
Chamber Member No. : 73288
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Jamno Perumal
Kalwani 99%
·
Activities: Engaged in the operation and management of Century Mall.
Century Mall encompasses 300,000 square feet
of space, housing 75 specialty stores. Offering the latest
in electronics, mobiles, fashion, lifestyle,
gift ideas, home furnishings, jewellery, health and beauty.
Six anchor stores join hands with Carrefour, UAE's most dynamic and biggest
hypermarket chain.
Jungle Bungle, the theme amusement
facility adjoined by a food court with 9 outlets and a seating capacity of 240.
A vehicle parking facility that can
accommodate 800 cars is yet another highlight.
Subject has a workforce of 50 employees.
Companies registered in
·
Commercial Bank of
Deira
PO Box: 1709
Tel: (971-4)
2227121 / 2253222
Fax: (971-4)
2220943 / 2254565
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.97 |
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1 |
Rs.83.67 |
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Euro |
1 |
Rs.67.19 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.