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Report Date : |
14.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTERACTIVE E SOLUTION JLT |
|
|
|
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Registered Office : |
Unit 2609, Tiffany Tower, Plot W2 Jumeirah Lakes Towers PO Box 391574
Dubai |
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|
|
|
Country : |
United Arab Emirates |
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|
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Date of Incorporation : |
08.02.2012 |
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|
|
Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Subject is engaged in the provision of information technology
solutions and services. |
|
|
|
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
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) |
|
UAE |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 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 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. 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 : INTERACTIVE E SOLUTION JLT
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company
Registration Date : 8th February 2012
Trade Licence Number : JLT 66756
Issued Capital : UAE Dh 200,000
Paid up Capital : UAE Dh 200,000
Total Workforce : 20
Activities : Providers of information technology solutions and services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Marlon Rivera, Public Relations Officer
INTERACTIVE E SOLUTION JLT
Building : Unit 2609,
Tiffany Tower, Plot W2
Area : Jumeirah
Lakes Towers
PO Box : 391574
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 4405908
Facsimile : (971-4)
4405088
Email : marlon.rivera@iacgrp.com
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Dubai.
Name Nationality Position
· Osman Yousef Pakistani Managing
Director
· Ansuhay Usman British Director
· Shahid Mahmoud British Director
· Noureen Gul
Mahmoud Pakistani Director
· Oyais Mahmoud - Financial
Manager
· Marlon Rivera - Public
Relations Officer
Date of
Establishment : 8th
February 2012
Legal Form : Limited Liability
Company
Trade Licence No. : JLT 66756 (Expires 07/02/2014)
Issued Capital : UAE Dh 200,000
Paid up Capital : UAE Dh 200,000
· Osman Yousef
· Ansuhay Usman
· Shahid Mahmoud
· Noureen Gul
Mahmoud
· Interactive
Communication JLT
Unit 2608, Tiffany
Tower
Jumeirah Lake
Towers
PO Box: 39574
Dubai
Tel: (971-4)
4405908
Fax: (971-4)
4405088
Activities: Engaged in the provision of information technology solutions and
services.
Subject has a workforce of 20 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Middle East Bank Ltd
Arbift Tower
Baniyas Street
PO Box: 5547
Dubai
Tel: (971-4)
2220121
No complaints regarding subject’s payments have been reported.
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.63.79 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.