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Report Date : |
17.09.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERCONNECT SOLUTIONS LIMITED |
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Registered Office : |
Q 4-134, Saif
Zone, |
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Country : |
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Date of Incorporation : |
01.06.2005 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Distributors of communication and telecommunication
products |
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No. of Employees : |
06 employees |
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 : |
Branch of a Foreign Registered Corporation |
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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 |
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Restricted |
C2 |
|
Off-credit |
D |
United Arab Emirates - 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 : INTERCONNECT SOLUTIONS LIMITED
Country of Origin :
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 1st June 2005
Trade Licence Number : 03019
Total Workforce : 6
Activities : Distributors of communication and telecommunication products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
INTERCONNECT SOLUTIONS LIMITED
Registered &
Physical Address
Location : Q 4-134, Saif Zone
PO Box : 9508
Town : Sharjah
Country :
Telephone : (971-6) 5579960 / 5573816
Facsimile : (971-6) 5579961 / 5573817
Email : mir.talpur@i-sol.co.uk / uae@i-sol.co.uk
Premises
Subject operates from
a small suite of offices that are rented and located in the Saif Zone Area of
Sharjah.
Name Position
·
Ayas
Khan Managing
Director
·
Mir
Khasif Raza Talpur Regional
Manager
Date of Establishment : 1st
June 2005
Legal Form :
Subject is the United Arab
Emirates registered branch of Interconnect Solution Ltd, a Limited Liability
Company incorporated in the
Interconnect Solution Ltd in the
A Branch of a Foreign
Registered Corporation is not a legal entity in its own
right. Responsibility for
payments lays in the hands of the company where it is
originally registered.
Under these circumstances, we
strongly advise that any international trade
credit should only be written
under the name of the main company where the
subject holds its registered
office, in this case the
Trade Licence No. : 03019
(Expires 14/02/2013)
·
Euromoto
Middle
Saif Zone
PO Box: 9508
Sharjah
Tel: (971-6) 5573816 / 5579960
Fax: (971-6) 5579961
Activities: Engaged in the import and distribution of communication
and telecommunication products, mobiles,
cables, antennas and related
accessories.
Import
Countries: Europe and the
Subject has a
workforce of 6 employees.
Companies
registered in
·
HSBC
Bank
PO Box: 25
Sharjah
Tel: (971-6) 5537222
Fax: (971-6) 5537880
No complaints
regarding subject’s payments have been reported.
Any credit amount
that is to be offered to this company should be written under the name of
“Interconnect Solution Ltd” and directed to the companies head office address
in the
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.73 |
|
|
1 |
Rs.88.61 |
|
Euro |
1 |
Rs.71.34 |
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.