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Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
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Name : |
KVR EXIM FZC |
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Registered Office : |
Saif Zone, Sharjah |
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Country : |
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Date of Incorporation : |
21.05.2014 |
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Legal Form : |
Free Zone Company - FZC |
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Line of Business : |
Engaged in the import and distribution of general foodstuffs and chemicals |
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No of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 : KVR EXIM FZC
Country of Origin :
Legal Form : Free Zone Company - FZC
Registration Date : 21st May 2014
Trade Licence Number : 13801
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
Total Workforce : 3
Activities : Distributors of general foodstuffs and chemicals
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Venkat Somayajulu, General Manager
KVR EXIM FZC
Location : Saif Zone
Town : Sharjah
Country :
Physical Address
Location : 302 Wasl Business Centre, Port
Saeed
PO Box : 31595
Town :
Country :
Email : venkat@abatera.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Venkat
Rao Kotha Indian Managing
Director
·
Venkat
Rama Lalit Paryat Pyda Indian Director
·
Venkat
Somayajulu - General
Manager
Date of Establishment : 21st
May 2014
Legal Form :
Free Zone Company - FZC
Trade Licence No. : 13801 (Expires
20/05/2016)
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
·
Venkat
Rao Kotha
·
Venkat
Rama Lalit Paryat Pyda
Activities: Engaged in the import and distribution of general
foodstuffs and chemicals.
Import
Countries: Europe and
Principal
Suppliers:
·
Amogh
Siddhi Mines LLC
Clients:
·
Gujarat
Fertilizers Co
Subject has a
workforce of 3 employees.
Subject is a newly formed
business and as a result financial information is not currently available.
·
Bank of
PO Box: 3162
Tel: (971-4) 5531955
Fax: (971-4) 5536962
UAE Dh Acc No. 90010200023046
US$
Acc No. 90010200023047s
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. 61.41 |
|
|
1 |
Rs. 103.42 |
|
Euro |
1 |
Rs. 82.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
NB |
|
|
|
|
Report Prepared
by : |
DPT |
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.