|
Report No. : |
351791 |
|
Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANDROLIN GENERAL TRADING LLC |
|
|
|
|
Registered Office : |
Office No. 407, Tower B, Centurian Star Building, Port Saeed, Deira, 98218, Dubai |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Date of Incorporation : |
02.08.2014 |
|
|
|
|
Legal Form : |
Limited Liability Company - LLC |
|
|
|
|
Line of Business : |
Subject is engaged
in the import and distribution of stainless steel, coal, fragrance oil, metal
ores, paper products, fertilizers and agricultural commodities. |
|
|
|
|
No. of Employee : |
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 |
Company Name : ANDROLIN GENERAL TRADING LLC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company - LLC
Registration Date : 2nd October 2014
Commercial Registration Number : 1145671, Dubai
Trade Licence Number : 718524
Chamber Membership Number : 240989
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 3
Activities : Distributors of stainless steel, coal, fragrance oil, metal ores, paper
products, fertilizers and agricultural commodities.
Financial Condition : Undetermined
Payments : Unknown
ANDROLIN GENERAL
TRADING LLC
Building :
Office No. 407, Tower B, Centurian Star Building
Area :
Port Saeed, Deira
PO Box :
98218
Town :
Dubai
Country :
United Arab Emirates
Mobile :
(971-56) 2544926
Subject operates from a small suite of offices that are
rented and located in the Central Business Area of Dubai.
Name Nationality Position
· Priti
Malah Nepalese Managing
Director
· Mohamed
Fahed Abdulrahman Mohamed Emirati Director
Date
of Establishment : 2nd
October 2014
Legal
Form : Limited
Liability Company - LLC
Commercial
Reg. No. :
1145671, Dubai
Trade
Licence No. : 718524
(Expires 01/10/2016)
Chamber
Member No. :
240989
Issued Capital : UAE
Dh 300,000
Paid up Capital :
UAE Dh 300,000
· Mohamed
Fahed Abdulrahman Mohamed 51%
· Priti
Malah 49%
· Anetica
General Trading LLC
PO
Box: 98219
Dubai
Tel:
(971-56) 2544926
Activities:
Engaged in the import and distribution of stainless steel, coal, fragrance oil,
metal ores, paper products,
fertilizers and agricultural commodities.
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.
·
HSBC Bank Middle East
Deira
Souk Branch
PO
Box: 66
Dubai
Tel:
(971-4) 2535000
Unknown
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.66.55 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.70.70 |
|
DH |
1 |
Rs.18.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
NB |
|
|
|
|
Report Prepared
by : |
TRU |
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.