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Report Date : |
09.11.2013 |
IDENTIFICATION DETAILS
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Name : |
TESYANI FASHIONS
LLC |
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Registered Office : |
Al |
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Country : |
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Date of Incorporation : |
21.02.2011 |
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Com. Reg. No.: |
1071838, |
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Legal Form : |
Limited Liability
Company - LLC |
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Line of Business : |
Wholesalers and retailers
of readymade garments, footwear and
textiles |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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 country 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 : TESYANI FASHIONS LLC
Country of Origin :
Legal Form : Limited
Liability Company - LLC
Registration Date : 21st
February 2011
Commercial
Registration Number : 1071838,
Trade Licence
Number : 650343
Chamber Membership
Number : 190523
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 5
Activities :
Wholesalers and retailers of readymade garments, footwear and textiles
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Amjad Khan,
Sales Manager
TESYANI FASHIONS
LLC
Building : Al
Area : Bur
PO Box : 46749
Town :
Country :
Telephone : (971-4) 3538213
Facsimile : (971-4) 3530576
Email : tesyani@gmail.com
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Dubai.
Name Nationality Position
·
Raju
Shah Lalji Indian Managing
Director
·
Lalji
Hemraj Shah Indian Director
·
Adnan
Taleb Mohamed Janahi Emirati Director
·
Amjad
Khan - Sales
Manager
Date of Establishment : 21st
February 2011
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1071838,
Trade Licence No. : 650343
(Expires 20/02/2014)
Chamber Member No. : 190523
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Adnan
Taleb Mohamed Janahi 51%
·
Raju
Shah Lalji 37%
·
Lalji
Hemraj Shah 12%
Please note that Mr
Perveen Kumar Sabni withdrew from the company on 30th April 2012 and
his shares were assigned to Mr Raju Shah Lalji.
·
Aasksh
General Trading FZE
Hamriyah Free Zone
Sharjah
Mob: (971-55) 6615713
Activities: Engaged
in the wholesale and retail of readymade garments, footwear and textiles.
Import Countries: Europe and
International Suppliers:
·
Rabiya Impex
·
Universal Exporter
· Madina Traders
Subject has a
workforce of 5 employees.
Companies
registered in
·
National
Bank of Ras Al Khaimah
PO Box: 1531
Tel: (971-4) 2226291
Fax: (971-4) 2281312
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.62.73 |
|
|
1 |
Rs.100.92 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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 |
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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.