MIRA INFORM REPORT

 

 

Report No. :

335872

Report Date :

11.08.2015

 

IDENTIFICATION DETAILS

 

Name :

AMC INTERNATIONAL DMCC

 

 

Registered Office :

HDS Tower, Suite No. 1902, Cluster F, Plot No. PH1-F2, Jumeirah Lakes Towers, PO Box 14331, Dubai

 

 

Country :

United Arab Emirates

 

 

Date of Incorporation :

16.05.2001

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Engaged in the import and distribution of general foodstuffs.

 

 

No. of Employees :

12

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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.

 

 

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. 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 and ultimately a $20 billion bailout from the UAE Central Bank and Abu Dhabi-emirate government that was refinanced in March 2014. 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                                    : AMC INTERNATIONAL DMCC

Country of Origin                                   : Dubai, United Arab Emirates

Legal Form                                           : Limited Liability Company

Registration Date                                  : 16th May 2001

DMCC Number                                      : 31674

Chamber Membership Number               : 2364

Issued Capital                                       : UAE Dh 1,000,000

Paid up Capital                                     : UAE Dh 1,000,000

Total Workforce                                    : 12

Activities                                               : Distributors of general foodstuffs

Financial Condition                                : Undetermined

Payments                                             : Unknown

 

 

 

COMPANY NAME

 

AMC INTERNATIONAL DMCC

 

 

ADDRESS

 

Registered & Physical Address

 

Building            : HDS Tower, Suite No. 1902, Cluster F, Plot No. PH1-F2

Area                 : Jumeirah Lakes Towers

PO Box            : 14331

Town                : Dubai

Country             : United Arab Emirates

Telephone         : (971-4) 4574051

Facsimile          : (971-4) 4574052

Mobile              : (971-55) 4421084

Email                : amc@amcintl.ae

 

Premises

 

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Dubai.

 

 

KEY PRINCIPALS

 

Name                                                               Nationality                                            Position

 

Alfa Omar Diallo                                                Senegalese                                           Managing Director

           

Mamdo Dian Diallo                                            Senegalese                                           Director

 

Abilash Ashokan Patel                                                -                                                  Finance Manager

 

Leva Kumar                                                                -                                                  Sales Manager

 

Jesca Perez                                                               -                                                  Administration Executive

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 16th May 2001

 

Legal Form                  : Limited Liability Company

 

DMCC No.        : 31674

 

Chamber Member No.  : 2364

 

Issued Capital              : UAE Dh 1,000,000

 

Paid up Capital            : UAE Dh 1,000,000

 

Name of Shareholder (s)                                                     

 

Alfa Omar Diallo                                               

           

Mamdo Dian Diallo

 

 

AFFILIATED COMPANIES

 

AMC Holding FZCO

Jebel Ali Free Zone

Dubai

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of general foodstuffs.

 

Import Countries: Europe and GCC countries.

 

International Suppliers:

 

Freezland Campina Export         Netherlands

 

Subject has a workforce of 12 employees.

 

 

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

 

Mashreq Bank Plc

Deira Branch

PO Box: 1250

Dubai

Tel: (971-4) 2229131 / 2221134

 

 

PAYMENT HISTORY

 

Unknown

 

 

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.63.76

UK Pound

1

Rs.98.76

Euro

1

Rs.69.88

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

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%)

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.