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Report Date : |
13.11.2013 |
IDENTIFICATION DETAILS
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Name : |
EXACT LINK GENERAL TRADING LLC |
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Registered Office : |
Suite No. G-06, Al Murar,
Deira, PO Box: 377564, |
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Country : |
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Date of Incorporation : |
07.03.2013 |
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Com. Reg. No.: |
1111263, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject holds a general trade licence, enabling it to distribute
general merchandise. |
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No. of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 :
EXACT LINK GENERAL TRADING LLC
Country of Origin :
Legal Form :
Limited Liability Company – LLC
Registration Date :
7th March 2013
Commercial Registration Number :
1111263,
Trade Licence Number :
684792
Chamber Membership Number :
215629
Issued Capital :
UAE Dh 300,000
Paid up Capital :
UAE Dh 300,000
Total Workforce :
2
Activities :
General trade licence
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
EXACT LINK GENERAL TRADING LLC
Registered &
Physical Address
Building : Suite No.
G-06
Area : Al Murar,
Deira
PO Box : 377564
Town :
Country :
Telephone : (971-4) 2506653
Facsimile : (971-4)
2528355
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
Name Nationality Position
Mohamed Abdulla Mohamed Hussain Emirati Managing Director
Syed Gul Hassan Zaidi Syed Sardar Hussain Zaidi Pakistani Director
Mohamed Ahsan British Director
Muhammed Ahmed Khan Kunwar Muhammed Pakistani Director
Wali Haider Zaidi Pakistani Director
Date of Establishment : 7th
March 2013
Legal Form : Limited Liability
Company – LLC
Commercial Reg. No. : 1111263,
Trade Licence No. : 684792 (Expires
06/03/2014)
Chamber Member No. : 215629
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of
Shareholder (s) Percentage
Mohamed Abdulla Mohamed Hussain 51%
Syed Gul Hassan Zaidi Syed Sardar Hussain Zaidi 13%
Mohamed Ahsan 12%
Muhammed Ahmed Khan Kunwar Muhammed 12%
Wali Haider Zaidi 12%
Activities: Subject holds
a general trade licence, enabling it to distribute general merchandise.
Import Countries: Europe
and the
Subject has a workforce of 2 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
Habib Bank Ltd
Murshid Bazaar
PO Box: 888
Tel: (971-4) 2221281
Fax: (971-4) 2284631
No complaints regarding subject’s payments have been reported.
Please note that we were unable to contact the subject directly during
our investigation.
In view of subject’s infancy, extensive payment and financial are not
available, therefore dealings are recommended to be on secured terms, and a
close monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.59 |
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|
1 |
Rs.101.56 |
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Euro |
1 |
Rs.85.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
|
<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.