MIRA INFORM REPORT

Report No. :	516464
Report Date :	27.06.2018

IDENTIFICATION DETAILS

Name :	GULF ANALAB TECHNOLOGIES FZC
Formerly known as:	GULF ANALAB TECHNOLOGIES - F.Z.C. / GAT
Registered Office :	SM Suite 11-139 B,Ajman Free Zone, Ajman, PO Box No. 172104
Country :	United Arab Emirates
Financials (as on) :	31.12.2017 (Summarized)
Date of Incorporation :	2013
Com. Reg. No.:	9391
Legal Form :	Free Zone Company
Line of Business :	Wholesale of agricultural machinery and equipment
No. of Employees :	4 (2018)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but Correct
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

Country Name	Previous Rating (31.12.2017)	Current Rating (01.04.2018)
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 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, although the UAE is one of the most diversified countries in the Gulf Cooperation Council. 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.

Source : CIA

BRIEF SUMMARY

COMPANY NAME	Gulf Analab Technologies FZC
ADDRESS	Building	Area			City			PO Box
	SM Suite 11-139 B	Ajman Free Zone			Ajman			172104 Dubai
PHONE	Verified Phones: (+971 56) 945 6316
EMAIL/WEBSITE	Email: info@gulfanalab.ae / kollurusrinivas@hotmail.com / Website: www.gulfanalab.ae
ACTIVITY	NACE 4661 - Wholesale of agricultural machinery, equipment and supplies;
PRINCIPAL	Kolluru Srinivas					Workforce
	Managing Director					4
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	2013		9391	Free Zone Company			Active
CAPITAL	CURRENCY			AMOUNT
	AED			185,000

IDENTIFICATION

CO. NAME	Gulf Analab Technologies FZC
ALSO KNOWN NAME (S)	GULF ANALAB TECHNOLOGIES - F.Z.C. / GAT
BUILDING	SM Suite 11-139 B
AREA	Ajman Free Zone
POSTAL ADDRESS	172104 Dubai
CITY	Ajman
COUNTRY	United Arab Emirates
TELEPHONE	(+971 56) 945 6316 / (+971 56) 163 2808
FAX	(+971 6) 526 6297
VERIFIED EMAIL	info@gulfanalab.ae / kollurusrinivas@hotmail.com
WEBSITE	www.gulfanalab.ae
BUSINESS HOURS	DAYS	OFFICE HOURS	BREAK TIME
	Sun-Thu	10:00-19:00	13:30-15:00
REGISTERED ADDRESS	SM Suite 11-139 B Ajman Free Zone PO Box: 172104 Dubai Ajman

SENIOR PERSONNEL

MANAGEMENT	NAME	POSITION
	Kolluru Srinivas	Managing Director
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	4	06.2018

FINANCIAL SUMMARY

SALES	31/12/2017	31/12/2018 (Projected)
	AED 2,000,000	AED 3,000,000
NET PROFIT / (LOSS)	Not given but stated to be profitable
FISCAL YEAR-END	31 December.

LEGAL STATUS

INCORPORATION	2013
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	Trade License No.: 9391 (valid)	Ajman Free Zone Authority
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	185,000	AED
PAID-UP CAPITAL	AMOUNT	CURRENCY
	185,000	AED
BUSINESS HISTORY	The Company was incorporated in Ajman Free Zone in 2013.
LEGAL FORM	Free Zone Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Kolluru Srinivas Nationality: Indian 2. M. Lakshmana Nationality: Indian 3. B. Sridhar Nationality: Indian * According to the Amiri decree no.3 of 1996 issued by H.H. Sheikh Humaid Bin Rashid Al Nuaimi, Ruler of Ajman, granting autonomous status to Ajman Free Zone (established 1988), a company incorporated in Ajman Free Zone shall be registered as one of the following: Free Zone Entity (FZE) is a legal entity owned (100%) by either a person or a corporate body, must have a capital equivalent to US DLRS 50,000, the liability of the owner is limited to the amount of the share capital; Free Zone Company (FZC) has a separate legal identity and the liability of its owner is limited to the value of the paid up shared capital: Branch of a foreign company - licenses under this category are issued to foreign companies established outside the UAE than intend to incept a branch or a subsidiary of their foreign registered company. The activity may be commercial, industrial or professional/services; branch of a local company- licenses under this category are issued to companies holding a valid license from any UAE licensing authority except from other Free Zones.	60.00% 20.00% 20.00%

OPERATION

BANKERS	First Abu Dhabi Bank PJSC P.O. Box 52053 Dubai United Arab Emirates Telephone: (+971 2) 681 2161
ACTIVITY CODE (NACE)	4661 - Wholesale of agricultural machinery, equipment and supplies;
LINE OF BUSINESS	Trading as importers and suppliers of analytical instruments, grain testing equipment, fibre analysis system, shakers, dairy product testing, heating units, hydrolysis system, flour analysis system as well as fat analyser. Agents for C Gerhardt GmbH (Germany), Astori (Italy), Labomed (USA), Dickey-John (USA), UDY Corporation (USA), Setaram Instruments (France), GFL (Germany) and Aurora (Canada).
IMPORT FROM	Europe, Germany, Italy, France, USA and Canada.
EXPORT TO	South East Asian and African countries.
FACILITIES	Leased premises comprising administrative offices located at the heading address.

PAYMENT RECORDS

CREDIT OPINION

We consider it is acceptable to deal with subject..

SPECIAL REMARKS

INTERVIEWED

Kolluru Srinivas (Managing Director).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.16
UK Pound	1	INR 90.47
Euro	1	INR 79.74
	1	INR

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

INFORMATION DETAILS

Analysis Done by :
Report Prepared by :	SUJ

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.