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Report Date : |
26.07.2014 |
IDENTIFICATION DETAILS
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Name : |
NILOS |
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Registered Office : |
Khor Khowair
Area, |
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Country : |
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Date of Incorporation : |
10.07.2013 |
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Com. Reg. No.: |
44433, Ras Al Khaimah |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the provision
of quarrying products and services, including vulcanizing presses, conveyor
belts, splicing and repair materials, pulley lagging and belt cleaners. |
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No of Employees : |
75 |
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 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 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 |
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Moderate Risk |
B2 |
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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 :
NILOS
Country of Origin :
Ras Al Khaimah,
Legal Form : Limited Liability Company - LLC
Registration Date : 10th July 2013
Commercial Registration Number : 44433, Ras Al Khaimah
File Number : 42666
Issued Capital : UAE Dh 1,500,000
Paid up Capital : UAE Dh 1,500,000
Total Workforce : 75
Activities : Providers of quarrying products and services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
NILOS
Registered &
Physical Address
Location : Khor Khowair Area
PO Box : 9593
Town : Ras Al Khaimah
Country :
Telephone : (971-7) 2689288 / 2689799
Facsimile : (971-7) 2689289 / 2689399
Email : info@nilos.ae
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Ras Al Khaimah.
Name Position
·
Michael
Mortiz Johan Managing
Director
Date of Establishment : 10th
July 2013
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 44433, Ras Al
Khaimah
File No. : 42666
Issued Capital : UAE Dh 1,500,000
Paid up Capital : UAE Dh 1,500,000
Name of Shareholder
(s)
·
Steven
Rock Co
Ras Al Khaimah
·
Quarry
& Mining
Ras Al Khaimah
·
Nilos
GmbH
Activities: Engaged in the provision of quarrying
products and services, including vulcanizing presses, conveyor
belts, splicing and repair
materials, pulley lagging and belt cleaners.
Import
Countries: Europe and the
Subject has a
workforce of 75 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
National
Bank of Ras Al Khaimah
PO Box: 5300
Ras Al Khaimah
Tel: (971-7) 2221127
Fax: (971-7) 2224202
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.60.14 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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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 |
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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 |
|
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.