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Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
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Name : |
RMDC
INTERNATIONAL TRADING LLC |
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Registered Office : |
Abdul Bari Al
Hashemi Building, 2nd Floor, Flat No. 207, Al Ras, Deira, P O Box
44748, Dubai |
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Country : |
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Date of Incorporation : |
25.11.2012 |
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Com. Reg. No.: |
1105392, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the import
and distribution of scrap ferrous and non-ferrous metals. |
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No of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
|
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 : RMDC INTERNATIONAL TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company – LLC
Registration Date : 25th November 2012
Commercial Registration Number : 1105392,
Trade Licence Number : 679420
Chamber Membership Number : 211859
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Distributors of scrap ferrous and non-ferrous metals
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
RMDC INTERNATIONAL TRADING LLC
Registered &
Physical Address
Building : Abdul Bari Al
Area : Al Ras, Deira
PO Box : 44748
Town :
Country :
Telephone : (971-4) 2202142
Facsimile : (971-4) 2202142
Email : rmdc@rmdcglobal.com
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Name Nationality Position
·
Madhusudan
Datachoudhary Indian Managing
Director
·
Bader
Abdullah Murad Abdullah Emirati Director
Date of Establishment : 25th
November 2012
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1105392,
Trade Licence No. : 679420
(Expires 24/11/2014)
Chamber Member No. : 211859
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Bader
Abdullah Murad Abdullah 51%
·
Madhusudan
Datachoudhary 49%
Activities: Engaged in the import and distribution of scrap
ferrous and non-ferrous metals.
Import
Countries: Europe and the
Subject has a
workforce of 3 employees.
Companies
registered in
·
HSBC
Bank
Deira Souk Branch
PO Box: 66
Tel: (971-4) 2535000
No complaints
regarding subject’s payments have been reported.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s
operating history or the manner in which payments are fulfilled. As such the
company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.102.86 |
|
Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
MNL |
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.