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Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
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Name : |
KMA DIAMONDS DMCC |
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Registered Office : |
Unit No. 30-01-1014, 1st Floor, Building No. 3,
J&G, DMCC, |
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Country : |
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Date of Incorporation : |
29.05.2013 |
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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 DIAMONDS AND JEWELLERY. |
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No of Employees : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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 : KMA DIAMONDS DMCC
Country of Origin :
Legal Form :
Limited Liability Company
Registration Date :
29th May 2013
DMCC Number :
121831
Trade Licence Number :
33090
Issued Capital :
UAE Dh 60,000
Paid up Capital :
UAE Dh 60,000
Total Workforce :
2
Activities :
Import and export of diamonds and jewellery
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed :
Viral Shah, Managing Director
KMA DIAMONDS DMCC
Registered &
Physical Address
Location : Unit No.
30-01-1014, 1st Floor, Building No. 3, J&G, DMCC
PO Box : 181328
Town :
Country :
Telephone : (971-4) 2354566
Facsimile : (971-4)
2269417
Email : kmadiamonds@gmail.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
Viral Shah Indian Managing
Director
Date of Establishment : 29th May 2013
Legal Form : Limited Liability
Company
DMCC No. : 121831
Trade Licence No. : 33090 (Expires 28/05/2015)
Issued Capital : UAE Dh 60,000
Paid up Capital : UAE Dh 60,000
Name of
Shareholder (s) Percentage
Viral Shah 100%
Activities: Engaged in the import and export of diamonds and jewellery.
Import Countries: Europe and the
Local Suppliers:
Victory Gems DMCC
SBMH DMCC
Subject has a workforce of 2 employees.
Subject is a newly formed business although its turnover to date is UAE
Dh 12,000,000.
Abu Dhabi Commercial Bank
PO Box: 5550
Tel: (971-4) 2958888 / 3228141
Fax: (971-4) 2959310 / 3279632
Unknown
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.61.05 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.78.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.