MIRA INFORM REPORT

Report No. :	485289
Report Date :	11.01.2018

IDENTIFICATION DETAILS

Name :	ROBUST TRADE LINKS DMCC
Registered Office :	AG Tower, 18^th Floor, Suite G, Jumeirah Lakes Towers,Sheikh Zayed Road, PO Box- 340826, Dubai
Country :	United Arab Emirates
Date of Incorporation :	13.11.2006
Com. Reg. No.:	0849
Legal Form :	Sole Proprietorship
Line of Business :	Subject is engaged in the import and distribution of dried foodstuffs, spices, seeds and agricultural products.
No. of Employee :	7

NOTES:

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ECGC Country Risk Classification List

Country Name	Previous Rating (30.06.2017)	Current Rating (30.09.2017)
United Arab Emirates	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
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 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. In April 2004, the UAE signed a Trade and Investment Framework Agreement with Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US; however, those talks have not moved forward. 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. The UAE Central Bank and Abu Dhabi-based banks bought the largest shares. In December 2009 Dubai received an additional $10 billion loan from the emirate of Abu Dhabi. 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

SUMMARY

Company Name : ROBUST TRADE LINKS DMCC

Country of Origin : Dubai, United Arab Emirates

Legal Form : Sole Proprietorship

Registration Date : 13^th November 2006

Commercial Registration Number : 0849, Dubai

Trade Licence Number : 30566

Invested Capital : UAE Dh 1,000,000

Total Workforce : 7

Activities : Distributors of dried foodstuffs, spices, seeds and agricultural products

Financial Condition : Good

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Person Interviewed : Salmon Anthony, Logistics Manager

COMPANY NAME

ROBUST TRADE LINKS DMCC

ADDRESS

Registered & Physical Address

Location : AG Tower, 18^th Floor, Suite G, Jumeirah Lakes Towers

Street : Sheikh Zayed Road

PO Box : 340826

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 4474950

Facsimile : (971-4) 4474951

Mobile : (971-50) 2584218 (971-55) 2231038

Email : gare@emirates.net.ae / mail@kmgrobust.com / yrc@emirates.net.ae

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Dubai.

KEY PRINCIPALS

Name Nationality Position

· Sameer Chaturvedi Indian Proprietor & General Manager

· Salmon Anthony - Logistics Manager

· Pushpata Tiwari - Accountant

LEGAL FORM & OWNERS

Date of Establishment : 13^th November 2006

Legal Form : Sole Proprietorship

Commercial Reg. No. : 0849, Dubai

Trade Licence No. : 30566 (Expires 12/11/2015)

Invested Capital : UAE Dh 1,000,000

Mr Sameer Chaturvedi is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of dried foodstuffs, spices, seeds and agricultural products.

Import Countries: India, Guatemala, Vietnam, Madagascar, Comoros, Nigeria, Ethiopia, Turkey, Egypt, United

States of America, Canada, Brazil, Argentina, Chile, Indonesia, Sri Lanka and China

International Suppliers:

· Polico Brazil

· Arafa Al Attar Co Egypt

· Al Peren Jida Turkey

· K M Gantra & Co India

· Malbar Foodstuff India

· Belraj Kumar India

Operating Trend: Steady

Subject has a workforce of 7 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: United Arab Emirates Dirham (UAE Dh)

Year Ending 31/12/13: Year Ending 31/12/14:

Total Sales UAE Dh 101,200,000 UAE Dh 108,000,000

Local sources consider subject’s financial condition to be Good.

The above figures were provided by Mr Salmon Anthony, Logistics Manager

BANKERS

· National Bank of Ras Al Khaimah

PO Box: 1531

Dubai

Tel: (971-4) 2226291

Fax: (971-4) 2281312

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

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	INR 63.83
UK Pound	1	INR 86.28
Euro	1	INR 76.14
UAE DH	1	INR 17.33

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NIT

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