MIRA INFORM REPORT

 

 

 

 

Report Date :

04.06.2014

 

IDENTIFICATION DETAILS

 

Name :

PRINT MEDIA TRADING FZE

 

 

Registered Office :

LOB No. 21, Jebel Ali Free Zone, P O Box 261496, Dubai

 

 

Country :

United Arab Emirates  

 

 

Date of Incorporation :

01.10.2004

 

 

Legal Form :

Free Zone Establishment

 

 

Line of Business :

Distributors of printing materials and print media

 

 

No. of Employees :

01

 

 

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United Arab Emirates  

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

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 UAE 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 Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US, however, those talks have not moved forward. The country's Free Trade Zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. The global financial crisis, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency. The UAE Central Bank and Abu Dhabi-based banks bought the largest shares. In December 2009 Dubai received an additional $10 billion loan from the emirate of Abu Dhabi. The economy is expected to continue a slow rebound. Dependence on oil, a large expatriate workforce, and growing inflation pressures are significant long-term challenges. The UAE''s strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment.

 

Source : CIA

 

 

SUMMARY

 

Company Name                                    : PRINT MEDIA TRADING FZE

Country of Origin                                   : Dubai, United Arab Emirates

Legal Form                                           : Free Zone Establishment - FZE

Registration Date                                  : 1st October 2004

Trade Licence Number                           : 5469

Issued Capital                                       : UAE Dh 1,000,000

Paid up Capital                                     : UAE Dh 1,000,000

Total Workforce                                     : 1

Activities                                               : Distributors of printing materials and print media.

Financial Condition                                : Undetermined

Payments                                             : Nothing detrimental uncovered

 

 

 

COMPANY NAME

 

PRINT MEDIA TRADING FZE

 

 

Company ADDRESS

 

Registered & Physical Address

Location           : LOB No. 21, Jebel Ali Free Zone

PO Box                        : 261496

Town                : Dubai

Country : United Arab Emirates

Telephone         : (971-4) 8816020

Facsimile          : (971-4) 3591882

Email                : pmt2005@emirates.net.ae

 

Premises

Subject operates from a small suite of offices that are rented and located in the Jebel Ali Free Zone Area of Dubai.

 

 

KEY PRINCIPALS

 

     Name                                               Nationality                                Position

·       Subash Chand                                     Indian                                                Managing Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1st October 2004

 

Legal Form                  : Free Zone Establishment - FZE

 

Trade Licence No.        : 5469

 

Issued Capital              : UAE Dh 1,000,000

 

Paid up Capital            : UAE Dh 1,000,000

 

Name of Shareholder (s)                                                      Percentage

·       Subash Chand                                                                      100%

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of printing materials and print media.

 

Import Countries: Europe and the Far East

 

Subject has a workforce of 1 employee.

 

FINANCIAL DATA

 

Companies registered in Dubai, United Arab Emirates are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       HSBC Bank Middle East

Deira Souk Branch

     PO Box: 66

     Dubai

     Tel: (971-4) 2535000

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.59.21

UK Pound

1

Rs.99.17

Euro

1

Rs.80.56

 

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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