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Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARABIAN OASIS
INDUSTRIES LLC |
|
|
|
|
Registered Office : |
Plot No. 488B, Sheikh
Zayed Road, Al Quoz Industrial Area, 10983 & 5745 & 93, Dubai |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.05.1976 |
|
|
|
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Com. Reg. No.: |
42045, Dubai |
|
|
|
|
Legal Form : |
Limited Liability
Company - LLC |
|
|
|
|
Line of Business : |
Manufacturers of
steel products |
|
|
|
|
No. of Employees : |
70 |
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 : |
Usually correct |
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
United Arab Emirates |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US, however, those talks have not moved forward. The country's Free Trade Zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. The global financial crisis, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency. The UAE Central Bank and Abu Dhabi-based banks bought the largest shares. In December 2009 Dubai received an additional $10 billion loan from the emirate of Abu Dhabi. The economy is expected to continue a slow rebound. Dependence on oil, a large expatriate workforce, and growing inflation pressures are significant long-term challenges. The UAE''s strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment.
|
Source : CIA |
Company Name : ARABIAN OASIS
INDUSTRIES LLC
Country of Origin : Dubai,
United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 1st
May 1976
Commercial
Registration Number : 42045,
Dubai
Trade Licence
Number : 300097
Chamber Membership
Number : 2033
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 70
Activities :
Manufacturers of steel products
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Sabstain
Daylu, Administration Manager
ARABIAN OASIS
INDUSTRIES LLC
Building : Plot No. 488B
Street : Sheikh Zayed Road
Area : Al Quoz Industrial Area
PO Box : 10983 & 5745 & 93
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8851414 / 8811414 / 2821251
Facsimile : (971-4) 8851147 / 8811227 / 2821534
Mobile : (971-50) 6449113
/ 6449114 / 4503514
Email : aoi@emirates.net.ae / aoi@aoi.ae
Subject operates
from a medium sized suite of offices and a factory that are owned and located
in the Industrial Area of Dubai.
Name Nationality Position
·
Khalid
Abdullah Mohamed Al Shirawi Emirati Managing Director
·
Thani
Abdullah Mohamed Al Shirawi Emirati Director
·
Mohamed
Abdullah Al Shirawi Emirati Director
·
Hisham
Abdullah Mohamed Al Shirawi Emirati Director
·
Ali
Abdullah Mohamed Al Shirawi Emirati Director
·
Sumeet
Mohan Valrani Indian Director
·
Kasir
Mohan Valrani Indian Director
·
Navin
Mohan Valrani Indian Director
·
T V
Sagathan - General
Manager
·
Maheesh
Shah - Accounts
Manager
·
Sabstain
Daylu - Administration
Manager
·
Attia
Juma - Administrative
Executive
Date of Establishment : 1st
May 1976
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 42045, Dubai
Trade Licence No. : 300097
(Expires 05/04/2013)
Chamber Member No. : 2033
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Beachmount
Ltd 15.33%
Jersey
Channel Islands
United Kingdom
·
Milton
Ltd 15.00%
Jersey
Channel Islands
United Kingdom
·
Mohamed
Abdullah Al Shirawi 11.67%
·
Khalid
Abdullah Mohamed Al Shirawi 10.00%
·
Thani
Abdullah Mohamed Al Shirawi 10.00%
·
Hisham
Abdullah Mohamed Al Shirawi 10.00%
·
Ali
Abdullah Mohamed Al Shirawi 10.00%
·
Sumeet
Mohan Valrani 6.00%
·
Kasir
Mohan Valrani 6.00%
·
Navin Mohan
Valrani 6.00%
·
Oasis Investment Company LLC
PO Box: 93
Dubai
Tel: (971-4) 2821251
Fax: (971-4) 2821534
Email: shirawi@emirates.net.ae
·
Al Ahram General Transport Company LLC
PO Box: 31550
Dubai
Tel: (971-4) 2851615
Fax: (971-4) 2859255
Email: aswandxb@emirates.net.ae
·
Al Ghazal Iron Works Company LLC
PO Box: 71100
Dubai
Tel: (971-4) 3472000
/ 3474550
Fax: (971-4) 3471580
Email: ghazal2@emirates.net.ae
·
Al Shirawi Contracting Company LLC
PO Box: 33539
Dubai
Tel: (971-4) 3339700
Fax: (971-4) 3338898
Email: info@quality.alshirawi.com
·
Al Shirawi Electrical & Mechanical Engineering Company LLC
PO Box: 33539
Dubai
Tel: (971-4) 3338700
Fax: (971-4) 3339700
Email: info@quality.alshirawi.com
·
Al Shirawi Enterprises LLC
PO Box: 7427
Dubai
Tel: (971-4) 3388776
Fax: (971-4) 3389559
Email: ase@ase.co.ae
·
Al Shirawi Equipment Company LLC
PO Box: 10983
Dubai
Tel: (971-4) 3472606
Fax: (971-4) 3472157
Email: aseco1@emirates.net.ae
·
Al Shirawi Trading Company LLC
PO Box: 71100
Dubai
Tel: (971-4) 3472000
/ 3474550
Fax: (971-4) 3471580
Email: ghazal2@emirates.net.ae
·
Aswan International Engineering Company LLC
PO Box: 31550
Dubai
Tel: (971-4) 2851615
Fax: (971-4) 2859255
Email: aswandxb@emirates.net.ae
·
Emirates Printing Press LLC
Al Quoz Industrial Area
PO Box: 5106
Dubai
Tel: (971-4) 3475550
/ 3475544
Fax: (971-4) 3475959
Email: eppdubai@emirates.net.ae
·
Leminar Air Conditioning Company LLC
PO Box: 33539
Dubai
Tel: (971-4) 3338700
Fax: (971-4) 3339700
Email: info@quality.alshirawi.com
·
Leminar Air Conditioning Industries LLC
PO Box: 31550
Dubai
Tel: (971-4) 3338700
Fax: (971-4) 3339700
Email: info@quality.alshirawi.com
·
Lunad Publicity LLC
PO Box: 30862
Dubai
Tel: (971-4) 2828959
Fax: (971-4) 2828832
Email: lunad@emirates.net.ae
·
Modern Plastic Industry LLC
PO Box: 33539
Dubai
Tel: (971-4) 2859537
/ 2858033
Fax: (971-4) 2854637
Email: mpiuae@emirates.net.ae
·
Oasis Enterprises LLC
PO Box: 93
Dubai
Tel: (971-4) 2821251
/ 2821375
Fax: (971-4) 2822617
Email: jvcuae@emirates.net.ae
·
Pastalini Food Processing Industries LLC
PO Box: 6323
Dubai
Tel: (971-4) 2852465
Fax: (971-4) 2856976
Email: pfpiaofc@emirates.net.ae
·
Technical Protection & Maintenance Company
PO Box: 811
Abu Dhabi
Tel: (971-2) 6779400
Fax: (971-2) 6728840
Email: aswandxb@emirates.net.ae
·
Arabian
Oasis Food Co LLC
Real Estate Department Warehouse
Ras Al Khor Road
Ras Al Khor Industrial Area
PO Box: 6323
Dubai
Tel: (971-4) 3334525
/ 2852465
Fax: (971-4) 2856976
Email: pfpiaofc@emirates.net.ae
·
Emirates
Electronics Co LLC
Al Shirawi Building
Airport Road
Port Saeed
PO Box: 93
Dubai
Tel: (971-4) 2821073
Fax: (971-4) 2822617
Email: eecdubai@emirates.net.ae
Activities: Engaged in the provision of specialised
engineering services, manufacturing dished heads and other
formed products. The company are the largest supplier of dished heads in
the Middle East and serve a
number of industries such as oil and petrochemicals, fertilizers,
refineries, food processing industries,
pressure vessel and storage tank manufacturers.
Import
Countries: Europe and the
United States of America.
Operating Trend: Steady
Subject has a
workforce of 70 employees.
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/11: Year
Ending 31/12/12:
Total Sales UAE Dh 27,630,000 UAE Dh 28,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Mashreq
Bank Plc
Deira Branch
PO Box: 1250
Dubai
Tel: (971-4) 2229131 / 2221134
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 company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.81 |
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.