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Report Date : |
28.09.2012 |
IDENTIFICATION DETAILS
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Name : |
LOESCHE MIDDLE |
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Registered Office : |
Office No. 2501,
25th Floor, Jafza View 19, South Zone, Gate No. 4, Sheikh Zayed
Road, Jebel Ali Free Zone, P O Box 262622, Dubai |
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Country : |
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Date of Incorporation : |
15.04.2008 |
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Legal Form : |
Free Zone Establishment |
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Line of Business : |
Distributors of central ventilators and air filters, construction equipment and machinery, engines, industrial plant equipment, measuring and control systems also used building machinery and equipment |
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No. of Employees : |
08 |
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
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
UAE |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 :
LOESCHE MIDDLE
Country of Origin :
Legal Form : Free Zone Establishment - FZE
Registration Date : 15th April 2008
Trade Licence Number : 105836
Chamber Membership Number : 173981
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Total Workforce : 8
Activities : Distributors of central ventilators and air filters, construction equipment
and machinery, engines, industrial plant equipment, measuring and control systems also used building machinery and equipment.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
LOESCHE MIDDLE
Registered &
Physical Address
Location : Office No. 2501, 25th
Floor, Jafza View 19, South Zone, Gate No. 4
Street :
Area : Jebel Ali Free Zone
PO Box : 262622
Town :
Country :
Telephone : (971-4) 8865911
Facsimile : (971-4) 8865922
Email : frouzan@loesche.ae
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Ruediger
Nikolaus Kleusch Russian Managing
Director
Date of Establishment : 15th
April 2008
Legal Form :
Free Zone Establishment -
FZE
Trade Licence No. : 105836
Chamber Member No. : 173981
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
Name of Shareholder
(s) Percentage
·
Ruediger
Nikolaus Kleusch 100%
Activities: Engaged in the import and distribution of
central ventilators and air filters, construction equipment and
machinery, engines, industrial plant equipment, measuring and control
systems also used building
machinery and equipment.
Import
Countries: Europe and the
Subject has a
workforce of 8 employees.
Companies
registered in
·
Emirates
Bank International Ltd
PO Box: 2923
Tel: (971-4) 2281181
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.25 |
|
|
1 |
Rs.86.23 |
|
Euro |
1 |
Rs.68.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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.