MIRA INFORM REPORT

 

 

Report Date :

20.09.2014

 

IDENTIFICATION DETAILS

 

Name :

DANA INTERNATIONAL LLC

 

 

Registered Office :

Kivila Str 5-118, Tallinn, Harju County

 

 

Country :

Estonia

 

 

Date of Incorporation :

29.10.2013

 

 

Com. Reg. No.:

12561092

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Agents involved in the sale of a variety of goods

 

(Note: We tried to confirm obtain the details activity but the same is not available from any source.)

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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)

Estonia

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

ESTONIA - ECONOMIC OVERVIEW

 

Estonia, a member of the European Union and the eurozone since 2004, has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region. Estonia's successive governments have pursued a free market, pro-business economic agenda and have wavered little in their commitment to pro-market reforms. The current government has followed sound fiscal policies that have resulted in balanced budgets and low public debt. The economy benefits from strong electronics and telecommunications sectors and strong trade ties with Finland, Sweden, Russia, and Germany. Estonia's economy fell into recession in mid-2008, as a result of an investment and consumption slump following the bursting of the real estate market bubble and a decrease in export demand as result of economic slowdown in the rest of Europe, but the economy has recovered strongly in the last five years. Growth was expected to top 2% in 2014, before the events in Ukraine. Estonia adopted the euro on 1 January 2011.

 

Source : CIA

 

Company Identification

 

Full Name

:

Dana International Osaühing

Name in English

:

Dana International LLC

Name in national language

:

Dana International OÜ

 

Office Address

:

Kivila str 5-118, Tallinn, Harju county, Estonia

 

 

 

 

Legal Address

:

Kivila str 5-118, Tallinn, Harju county, Estonia

 

 

 

 

Contacts

:

-

Phone

:

+417 96019496

-

E-mail

:

massoud@danadairy.com

-

WWW

:

www.danadairy.com

 

 

 

 

 

 

SUMMARY

 

Legal Form : OU (Limited Liability Company by Estonian Commercial Law)

Incorporation : 2013

Staff : n/a

Litigation events : n/a
Remarks on payments : none


Sales : N/A

 

 

 

Incorporation

:

2013

 

Registration Data

 

 

Date of registration

:

29.10.2013

Registration number

:

12561092

Registr. authority

:

Registration department of the County Court (Tallinn, Harju county, Estonia)

 

 

 

Company required is not VAT payer.

 

Legal Form

:

OU (Limited Liability Company by Estonian Commercial Law)

since 29.10.2013

 

 

 

 

Share Capital

:

97 601 EUR (registered)

since 29.10.2013

 

 

 

 

Shareholders

:

-

Memari, Massoud (UNKNOWN COUNTRY)

100.00 %

 

 

share's book value

:

97 601 EUR

 

 

 

reg. number

:

16.05.1959

 

 

 

 

 

 

 

 

 

Board / Executives

 

 

 

Executives

 

 

Board Member

:

Memari, Massoud (UNKNOWN COUNTRY)

 

pers. code: 16.05.1959

 

 

 

Authorised signature

:

Memari, Massoud

 

Activities

:

-

519

Miscellaneous Nondurable Goods

 

 

(NACE 5119: Agents involved in the sale of a variety of goods)

 

 

 

 

Staff employed

:

n/a

 

Facilities

:

According to Estonian Land Register, company required has no real estate objects

 

Subsidiaries and Participation

:

n/a

 

Bankers

:

n/a

 

Litigation

:

There are no warnings recorded by the State Register. There is no registered legal action related to the company required.

 

Remarks on payment

:

none

 

 

 

 

 

 

 

 

Debts to Estonian government: By the Tax Authorities there are no tax debts registered on the subject. Other debts: No current on defaulted payments are reported by local debt collection companies. databases: No current are reported on the company required.

 

Business mortgages

:

According to official sources and our evaluation, the company required has no commercial pledges.

 

Financial Elements

:

The subject is a new company, so there are no yet financial statements at the Commercial Register.

 

 

 

 

 

 

FINAL COMMENTS

 

 

The report is based on the information collected from all available sources. The phone number we found in the available sources does not belong to Estonia, it is Swiss phone. We have sent a letter by the e-mail massoud@danadairy.com and wait for an answer.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.81

UK Pound

1

Rs.100.06

Euro

1

Rs.78.47

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.