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Report Date : |
06.10.2014 |
IDENTIFICATION DETAILS
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Name : |
SHIVALI DIAMONDS
DMCC |
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Registered Office : |
Unit No.
30-01-1006, Floor No. 1, Building No. 3, Plot No. 550-554, J & G, P O
Box: 340565, |
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Country : |
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Date of Incorporation : |
16.05.2013 |
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Legal Form : |
Limited Liability Company |
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LINE OF BUSINESS : |
SUBJECT IS ENGAGED IN THE IMPORT
AND EXPORT OF POLISHED AND CUT DIAMONDS AND JEWELLERY. |
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No. of Employees : |
1 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
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 : SHIVALI DIAMONDS DMCC
Country of Origin :
Legal Form :
Limited Liability Company
Registration Date : 16th
May 2013
DMCC Number : 4049
Trade Licence
Number :
33056
Issued Capital : UAE Dh
100,000
Paid up Capital : UAE Dh
100,000
Total Workforce : 1
Activities :
Import and export of polished and cut diamonds and jewellery.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Jayesh
Ramniklal Doshi, Managing Director
SHIVALI DIAMONDS
DMCC
Location : Unit No. 30-01-1006, Floor No. 1,
Building No. 3, Plot No. 550-554, J & G
PO Box : 340565
Town :
Country :
Telephone : (971-4) 4541668
Email : jbijay27@yahoo.com
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Name Nationality Position
·
Jayesh
Ramniklal Doshi Indian Managing
Director
Date of Establishment : 16th
May 2013
Legal Form :
Limited Liability Company
DMCC No. : 4049
Trade Licence No. : 33056
(Expires 15/05/2015)
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
·
Jayesh
Ramniklal Doshi 100%
Activities: Engaged in the import and export of
polished and cut diamonds and jewellery.
Import
Countries: Europe and the
Subject has a
workforce of 1 employee.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
National
Bank of Ras Al Khaimah
PO Box: 1531
Tel: (971-4) 2226291
Fax: (971-4) 2281312
Acc No.
AE240400000332120310002
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.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
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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.