|
Report No. : |
348218 |
|
Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MNM INTERNATIONAL TRADING FZC |
|
|
|
|
Registered Office : |
SM Office H1 253C, Ajman Free Zone, P O Box: 103700, Ajman, Dubai |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Year of Establishment : |
2014 |
|
|
|
|
Legal Form : |
Free Zone Company - FZC |
|
|
|
|
Line of Business : |
General Trade Licence (NOTE: We tried to confirm obtain the details activity but the same is not available from any source.) |
|
|
|
|
No. of Employees : |
3 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 of 2008, 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 economic diversification and creating more job opportunities for nationals
through improved education and increased private sector employment.
|
Source
: CIA |
MNM INTERNATIONAL TRADING FZC
IDENTIFICATION
& CONTACT DETAILS
|
||||
|
1)
Name (s): |
||||
|
Organization
Official Name |
: |
MnM
International Trading FZC |
||
|
|
||||
|
2)
Registered Address: |
||||
|
Address |
: |
SM
Office H1 253C, Ajman Free Zone |
||
|
Town |
: |
Ajman |
||
|
Country |
: |
United Arab Emirates |
||
|
PO Box |
: |
103700, Dubai |
||
|
Email |
: |
|||
|
Mobile |
: |
(971-50)
4337655 |
||
|
|
|
(971-50)
1929003 |
||
|
|
||||
|
3) Operational Address & Contact Details: |
||||
|
Address |
: |
SM
Office H1 253C, Ajman Free Zone |
||
|
Town |
: |
Ajman |
||
|
Country |
: |
United Arab Emirates |
||
|
PO Box |
: |
103700, Dubai |
||
|
Email |
: |
|||
|
Mobile |
: |
(971-50)
4337655 |
||
|
|
|
(971-50)
1929003 |
||
LEGAL FORM & INCORPORATION
(REGISTRATION) DETAILS
|
||||
|
Legal Form - Category |
: |
Free Zone Company - FZC |
||
|
Date of Registration |
: |
2014 |
||
|
Trade License Number |
: |
12279 |
||
|
|
||||
KEY
FACTS
|
||||
|
|
||||
|
Operational Status |
: |
Normal |
||
|
Financial Condition |
: |
Undetermined |
||
|
Primary Business Activity |
: |
General trade licence (1) |
||
|
Number of Employees |
: |
3 |
||
|
Capital |
: |
UAE Dh 150,000 |
||
|
Note: 1 |
||||
|
Subject is a newly formed business and as a result financial
information is not currently available. |
||||
|
|
||||
|
|
||||
FINANCIAL
DATA
|
||||
|
Subject
is a newly formed business and as a result financial information is not
currently available. |
||||
|
|
||||
|
|
||||
BANKER
|
||||
|
1 |
Name |
National Bank of Abu Dhabi |
||
|
|
Address |
Main Street |
||
|
|
PO Box |
988 Ajman |
||
|
|
Tel |
(971-6) 5422996 |
||
|
|
Fax |
(971-6) 5425750 |
||
|
|
||||
|
|
||||
SHAREHOLDERS
|
||||
|
Sr.No |
Name
of Shareholders |
Nationality |
||
|
1 |
Minakeshi Sinha |
Indian |
||
|
2 |
Monika Maskra |
Indian |
||
|
|
||||
|
|
||||
SENIOR
MANAGEMENT
|
||||
|
Sr.No |
Name |
Nationality |
Dsignation |
|
|
1 |
Minakeshi Sinha |
Indian |
Managing Director |
|
|
2 |
Monika Maskra |
Indian |
Director |
|
|
3 |
Rajesh Sinha |
n/a |
General Manager |
|
|
|
||||
|
|
||||
PREMISES
|
||||
|
Subject
operates from a small suite of offices that are rented and located in the
Ajman Free Zone. |
||||
|
|
||||
|
|
||||
PAYMENT
|
||||
|
Unknown
|
||||
|
|
||||
|
|
||||
ADVERSE
DATA
|
||||
|
Performance Defaults |
: |
No record found |
||
|
Payment Defaults |
: |
No record found |
||
|
Adverse Press Coverage |
: |
No record found |
||
|
Litigations |
: |
No record found |
||
|
Former Business Relationships |
: |
No record found |
||
|
|
||||
|
|
||||
INVESTIGATOR'S
COMMENTS
|
||||
|
Person
Interviewed : Minakeshi Sinha,
Managing Director |
||||
|
Please note that Mrs Minakeshi Sinha,
Managing Director refused to divulge any information on the subject of your
enquiry.
|
||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.79 |
|
|
1 |
Rs.99.95 |
|
Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.