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Report No. : |
326472 |
|
Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AL DAHRA AGRICULTURE LLC |
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|
|
|
Registered Office : |
H H Sheikh Hamdan
Bin Zayed Al Nahyan Building (Al Ain Tower), Al Khalidiya Zone, PO Box No.:
130455 & 6755, Abu Dhabi |
|
|
|
|
Country : |
United Arab
Emirates |
|
|
|
|
Date of Incorporation : |
27.09.2005 |
|
|
|
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Com. Reg. No.: |
24516 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Subject is
engaged in the import and distribution of dried foodstuffs, including pulses
and grain. |
|
|
|
|
No. of Employees : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United Arab
Emirates |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
In absence of financials, no credit limit could be recommended.
Company Name : AL DAHRA
AGRICULTURE LLC
Country of Origin : Abu Dhabi, United
Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 27th
September 2005
Commercial
Registration Number : 24516, Abu
Dhabi
Trade Licence
Number : 1131742
Chamber Membership
Number : 106968
Issued Capital : UAE Dh
150,000
Paid up Capital : UAE Dh
150,000
Total Workforce : 80
Activities :
Distributors of dried foodstuffs
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
AL DAHRA AGRICULTURE LLC
Building : H H Sheikh Hamdan Bin Zayed Al
Nahyan Building (Al Ain Tower)
Area : Al Khalidiya Zone
PO Box : 130455 & 6755
Town : Abu Dhabi
Country : United Arab Emirates
Telephone : (971-2) 6565012 / 6565033 / 6565000
Facsimile : (971-2) 6565001 / 6565002 / 6515556
Email : info@aldahra.com
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Abu Dhabi.
Name Position
·
H E
Khadim Al Darei Vice
Chairman
·
H E
Hamad Saeed Al Shamsi Managing
Director
·
Houssam
Mahmoud Chief
Executive Officer
·
Abisheikh
Arurora Financial
Manager
·
Salim
Bin Tarash Financial
Controller
Date of Establishment : 27th
September 2005
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 24516, Abu
Dhabi
Trade Licence No. : 1131742
(Expires 05/01/2016)
Chamber Member No. : 106968
Issued Capital : UAE Dh 150,000
Paid up Capital : UAE Dh 150,000
·
H E
Khadim Al Darei
·
H E
Hamad Saeed Al Shamsi
·
Al
Dahra Holding
Activities: Engaged in the import and distribution of dried
foodstuffs, including pulses and grain.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 80 employees.
Companies
registered in Abu Dhabi, 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.
·
National
Bank of Abu Dhabi
Sheikh Khalifa Street
PO Box: 4
Abu Dhabi
Tel: (971-2) 6345777 / 6327113 / 6335262
Fax: (971-2) 6336078
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.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
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.