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MIRA INFORM REPORT
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Report No. : |
483360 |
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Report Date : |
01.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ANA IMPEX DMCC |
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Registered Office : |
Unit No 2A0-7A2, Jewellery & Gemplex 2, Jumeirah Lakes Towers, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
30.10.2016 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Subject
holds a general trade licence, enabling it to distribute general merchandise,
including precious metals, diamonds, jewellery and precious stones |
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No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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United Arab Emirates |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 from the oil and gas sector to 30%.
Since the discovery of oil in the UAE nearly 60 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 2008-09, 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 Government that was refinanced
in March 2014.
The UAE’s dependence on oil is a significant long-term challenge. Low
oil prices have prompted the UAE to cut expenditures, including on some social
programs, but the UAE has sufficient assets in its sovereign investment funds
to cover its deficits. The government reduced fuel subsidies in August 2015,
and has announced plans to introduce excise and value-added taxes by January 1,
2018. The UAE's strategic plan for the next few years focuses on economic
diversification, promoting the UAE as a global trade and tourism hub,
developing industry, and creating more job opportunities for nationals through
improved education and increased private sector employment.
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Source
: CIA |
Company
name
ANA
IMPEX DMCC |
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IDENTIFICATION
& CONTACT DETAILS
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1) Name (s): |
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Organization Official Name |
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ANA IMPEX DMCC |
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2) Registered Address: |
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Address |
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Unit
No 2A0-7A2, Jewellery & Gemplex 2, Jumeirah Lakes Towers |
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Town |
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Dubai |
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Country |
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United Arab Emirates |
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Mobile |
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(971-55) 2705651 |
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Email |
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3) Operational Address & Contact
Details: |
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Address |
: |
Unit No 2A0-7A2, Jewellery & Gemplex 2,
Jumeirah Lakes Towers |
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Town |
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Dubai |
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Country |
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United Arab Emirates |
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Mobile |
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(971-55) 2705651 |
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Email |
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Note: |
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Please
note that subject’s previous address was, Unit No. 3502, DMCC Business
Centre, Level No. 1, Jewellery & Gemplex 3, Dubai |
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LEGAL
FORM & INCORPORATION (REGISTRATION) DETAILS
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Legal Form - Category |
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Limited Liability Company |
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Date of Registration |
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30th October 2016 |
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Trade License Number |
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231233 |
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Expiry Date |
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31/10/2018 |
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OTHER
REGISTRATION/ MEMBERSHIPS
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Membership Number |
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67511 |
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KEY
FACTS
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Operational Status |
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Normal |
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Financial Condition |
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Undetermined |
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Primary Business Activity |
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General trade licence |
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Number of Employees |
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2 |
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Capital |
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UAE Dh 100,000 |
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Note: |
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Subject
holds a general trade licence, enabling it to distribute general merchandise,
including precious |
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CAPITAL
DETAILS
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Issued Capital: |
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No of Shares |
No of Shares |
Amount |
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N/A |
N/A |
UAE Dh 100,000 |
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Paid Up Capital: |
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No of Shares |
No of Shares |
Amount |
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N/A |
N/A |
UAE Dh 100,000 |
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FINANCIAL
DATA
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Subject is a newly formed business and as a
result financial information is not currently available. |
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BANKERS
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1 |
Name |
HSBC Bank Middle East |
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Address |
Deira Souk Branch |
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PO Box |
66 Dubai |
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Tel |
(971-4) 2535000 |
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SHAREHOLDERS
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Sr.No |
Name |
Nationality |
Percentage |
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1 |
Anuj Adnani
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Indian |
100% |
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SENIOR
MANAGEMENT
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Sr.No |
Name |
Nationality |
Designation |
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1 |
Anuj Adnani
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Indian |
Managing Director |
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2 |
Parek Thakkar |
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General Manager |
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INTERNATIONAL
TRADE ACTIVITY MARKETS
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Sr.No |
Country |
Activity |
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1 |
Europe |
Import |
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2 |
Far East |
Import |
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PREMISES
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Subject operates from a small suite of offices
that are rented and located in the Central Business Area of Dubai. |
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PAYMENT
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Unknown |
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ADVERSE
DATA
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Performance Defaults |
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No record found |
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Payment Defaults |
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No record found |
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Adverse Press Coverage |
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No record found |
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Litigations |
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No record found |
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Former Business Relationships |
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No record found |
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INVESTIGATOR'S
COMMENTS
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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. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.93 |
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1 |
INR 86.06 |
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Euro |
1 |
INR 76.39 |
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UAE Dh |
1 |
INR 17.37 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.