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Report No. : |
325491 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AL DAHRA KOHINOOR
LLC |
|
|
|
|
Registered Office : |
Sheikh Hasher Makhtoum
Bin Juma Almakhtoum Building, 3rd Floor, Office No. 303 Al Ras,
Deira, Dubai |
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|
|
|
Country : |
United Arab Emirates |
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|
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Date of Incorporation : |
08.01.2014 |
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|
|
|
Legal Form : |
Limited Liability
Company - LLC |
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|
|
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Line of Business : |
Import and
Distribution of General Foodstuffs, Beverages and Animal Feed. |
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|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
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|
|
Payment Behaviour : |
Unknown |
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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 |
Company Name : AL DAHRA
KOHINOOR LLC
Country of Origin : Dubai,
United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 8th
January 2014
Trade Licence
Number : 701503
Chamber Membership
Number : 228330
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 3
Activities :
Distributors of general foodstuffs, beverages and animal feed.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
AL DAHRA KOHINOOR
LLC
Building : Sheikh Hasher Makhtoum Bin Juma
Almakhtoum Building, 3rd Floor, Office No. 303
Area : Al Ras, Deira
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 2947477
Facsimile : (971-4) 2947478
Mobile : (971-55) 5513344
Email : mohammad.ayub@aldahra.com
Subject operates
from a small suite of offices that are rented and located in the Central Business
Area of Dubai.
Name Position
·
Pawan
Khanna General
Manager
Date of Establishment : 8th
January 2014
Legal Form :
Limited Liability Company -
LLC
Trade Licence No. : 701503 (Expires
07/01/2016)
Chamber Member No. : 228330
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
·
Al
Dahra Kohinoor LLC
Abu Dhabi
Tel: (971-2) 6565000
Fax: (971-2) 6565001
Activities: Engaged
in the import and distribution of general foodstuffs, beverages and animal
feed.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 3 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Arab
Emirates Investment Bank Ltd
Deira Branch
PO Box: 5503
Dubai
Tel: (971-2) 2222191
No complaints
regarding subject’s payments have been reported.
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.63.88 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.