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Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
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Name : |
MATRIX INTERNATIONAL FZE |
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Registered Office : |
Fujairah Free Zone, Plot No. 17/C |
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Country : |
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Date of Incorporation : |
16.02.2000 |
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Legal Form : |
Free Zone Establishment - FZE |
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Line of Business : |
Subject is engaged in the import and distribution of jewellery and precious
stones, however subject holds a general trade licence enabling it to trade in
general merchandise including building materials, hardware and tools |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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UAE |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Source
: CIA |
Company Name : MATRIX INTERNATIONAL FZE
Country of Origin :
Legal Form : Free Zone Establishment - FZE
Registration Date : 16th February 2000
Trade Licence Number : 2408A
Chamber Membership Number : 643
Issued Capital : UAE Dh 50,000
Paid up Capital : UAE Dh 50,000
Activities : Distributors of jewellery, precious stones and general merchandise.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
MATRIX INTERNATIONAL FZE
Location :
PO Box : 5413
Town :
Country :
Telephone : (971-9) 2282978
/ 2041010 / 2281562
Facsimile : (971-9)
2282979 / 2281563
Email : reji.kurien@matrixme.net
Name Nationality Position
· Saurab Pandit Indian Managing Director
Date of
Establishment : 16th
February 2000
Legal Form : Free Zone
Establishment - FZE
Trade Licence No. : 2408A (Expired 31/08/2012)
Chamber Member No. : 643
Issued Capital : UAE Dh 50,000
Paid up Capital : UAE Dh 50,000
· Saurab Pandit 100%
· Trinity Diamonds
& Investments FZE
PO Box: 5243
Tel: (971-9) 2228104 / 2228596
Fax: (971-9) 2228596 / 2228104
Activities: Engaged in the import and distribution of jewellery and precious
stones, however subject holds a general trade licence enabling it to trade in
general merchandise including building materials, hardware and tools.
Companies registered in
·
HSBC Bank
PO Box: 21
Tel: (971-9)
2222221
Fax: (971-9)
2227150
No complaints regarding subject’s payments have been reported.
Please note that subject’s trade licence number expired on 31st
August 2012 and has not been renewed. We were unable to contact the subject
during our investigation.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.78 |
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|
1 |
Rs.96.78 |
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Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
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RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.