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Report No. : |
329948 |
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Report Date : |
03.07.2015 |
IDENTIFICATION DETAILS
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Name : |
LOUIS DREYFUS
COMMODITIES MEA TRADING DMCC (LDC) |
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Registered Office : |
Tiffany Tower, 38th
Floor, Office No. 3801, Jumeirah Lakes Towers, P O Box: 215148, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
09.09.2009 |
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Legal Form : |
Free Zone Company – FZ LLC |
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Line of Business : |
Import and
distribution of agricultural commodities, including oilseeds, grains, rice,
juice, cotton, coffee, sugar, milk and fertilizers. |
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No. of Employees : |
48 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United Arab Emirates |
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 |
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.
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Source
: CIA |
Company Name : LOUIS
DREYFUS COMMODITIES MEA TRADING DMCC (LDC)
Country of Origin : Dubai,
United Arab Emirates
Legal Form : Free
Zone Company – FZ LLC
Registration Date : 9th
September 2009
Trade Licence
Number : 31224
Chamber Membership
Number : 176509
Issued Capital : UAE Dh
1,000,000
Paid up Capital : UAE Dh
1,000,000
Total Workforce : 48
Activities :
Distributors of agricultural commodities.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
LOUIS DREYFUS
COMMODITIES MEA TRADING DMCC (LDC)
Location : Tiffany Tower, 38th Floor,
Office No. 3801, Jumeirah Lakes Towers
PO Box : 215148
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 4475737 / 4469400 / 4469450
Facsimile : (971-4) 4475736
Email : frederic.marret@ldcom.com
/ rajiv.divecha@ldcom.com / yann.couffon@ldcom.com
christophe.lecharny@idcom.com
/ kamlesh.birla@ldcom.com
Please note that
subject’s office number is 3801 and not 1801.
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Position
·
James Wild Chief
Executive Officer
·
Christophe
Lechanry Chief
Financial Officer
·
Loga
Kisten Operations
Manager
·
Kamlesh Birla Finance
Manager
·
Pataan
Koffi Business
Development Manager
·
Raviv
Divecha Sales
Manager (Grains & Seeds)
·
Yann
Couffan Sales
Manager (Fertilizer & Chemicals)
Date of Establishment : 9th
September 2009
Legal Form :
Free Zone Company – FZ LLC
Trade Licence No. : 31224
(Expires 20/07/2015)
Chamber Member No. : 176509
Issued Capital : UAE Dh 1,000,000
Paid up Capital : UAE Dh 1,000,000
·
Louis
Dreyfus Commodities BV 100%
Westblaak 92
3012 Km Rotterdam
Netherlands
Tel: (31-10) 2062440
Activities: Engaged in the import and distribution of
agricultural commodities, including oilseeds, grains, rice, juice, cotton,
coffee, sugar, milk and fertilizers.
Import
Countries: Europe and GCC countries.
Subject has a
workforce of 48 employees.
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.
·
HSBC
Bank Middle East
Deira Souk Branch
PO Box: 66
Dubai
Tel: (971-4) 2535000
No complaints
regarding subject’s payments have been reported.
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.63.57 |
|
|
1 |
Rs.99.20 |
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Euro |
1 |
Rs.70.35 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.