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Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
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Name : |
NEEV DIAMONDS DMCC |
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Registered Office : |
Unit No. 19C, Floor No. 19, AU |
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Country : |
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Date of Incorporation : |
26.08.2013 |
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Legal Form : |
Limited Liability Company |
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LINE OF BUSINESS : |
ENGAGED
IN THE IMPORT, EXPORT AND DISTRIBUTION OF DIAMONDS AND JEWELLERY |
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No. of Employees |
02 |
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 Company |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
UAE |
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 |
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
|
Source
: CIA |
Company Name : NEEV DIAMONDS DMCC
Country of Origin :
Legal Form : Limited Liability Company
Registration Date : 26th August 2013
DMCC Number : 4339
Trade Licence Number : 33297
Issued Capital : UAE Dh 60,000
Paid up Capital : UAE Dh 60,000
Total Workforce : 2
Activities : Import, export and distribution of diamonds and jewellery
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Akshy Susheel, Managing Director
NEEV DIAMONDS DMCC
Location : Unit No. 19C,
Floor No. 19, AU
PO Box : 625773
Town :
Country :
Telephone : (971-4) 4430791
Facsimile : (971-4)
4560312
Email : neevdmcc@gmail.com
Subject operates from a small suite of offices that are rented and located
in the Central Business Area of Dubai.
Name Position
· Akshy Susheel Managing
Director
Date of
Establishment : 26th
August 2013
Legal Form : Limited Liability
Company
DMCC No. : 4339
Trade Licence No. : 33297 (Expires 26/08/2014)
Issued Capital : UAE Dh 60,000
Paid up Capital : UAE Dh 60,000
· Global Deals Ltd 100%
Activities: Engaged in the import, export and distribution of diamonds and
jewellery.
Import Countries:
International Suppliers:
· Blue Star Diamonds
Pvt Ltd
· Twinkle
·
Subject has a workforce of 2 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Emirates National Bank of
PO Box:
777
Tel:
(971-4) 2222555
Fax:
(971-4) 2221110
Acc No. AE61-0260-0005-1475-8063-302
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.61.34 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
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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 |
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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 |
-- |
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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.