|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND STAR INTERNATIONAL GENERAL TRADING LLC |
|
|
|
|
Registered Office : |
19 1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.05.2014 |
|
|
|
|
Com. Reg. No.: |
1136850, |
|
|
|
|
Legal Form : |
Limited Liability Company - LLC |
|
|
|
|
Line of Business : |
Subject is engaged in the import and distribution of stationery,
office supplies, textiles and electronic products |
|
|
|
|
No. of Employees : |
03 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
|
Source
: CIA |
Company Name : DIAMOND STAR INTERNATIONAL GENERAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 12th May 2014
Commercial Registration Number : 1136850,
Trade Licence Number : 709796
Chamber Membership Number : 23487
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Distributors of stationery, office supplies, textiles and electronic products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed :
Prakash Bhardwaj, Sales Manager
DIAMOND STAR INTERNATIONAL GENERAL TRADING LLC
Building :
B/19 1st Floor,
Area : Murshid
Bazaar, Deira
PO Box : 186597
Town :
Country : United Arab Emirates
Telephone : (971-4) 2295052
Facsimile : (971-4) 2291250
Email : dsi_2014@outlook.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Dubai.
Name Nationality Position
· Abdulaziz Haroon Indian Managing
Director
· Faisal Abdullah
Mohamed Abdullah Al Anjawi Emirati Director
· Prakash Bhardwaj - Sales
Manager
Date of
Establishment : 12th
May 2014
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 1136850,
Trade Licence No. : 709796 (Expires 11/05/2015)
Chamber Member No. : 23487
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Faisal Abdullah
Mohamed Abdullah Al Anjawi 51%
· Abdulaziz Haroon 49%
Activities: Engaged in the
import and distribution of stationery, office supplies, textiles and electronic
products.
Import Countries: Europe and the
Subject has a workforce of 3 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) 2222241
UNKNOWN
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.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
|
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.