MIRA INFORM REPORT

Report No. :	509801
Report Date :	23.05.2018

IDENTIFICATION DETAILS

Name :	HEBS STAR INTERNATIONAL (L.L.C.)
Registered Office :	Zabeel Tower 2802, Sheikh Zayed Road, 48790 Dubai, Dubai
Country :	United Arab Emirates
Financials (as on) :	31.03.2018
Date of Incorporation :	28.06.2006
Com. Reg. No.:	583166
Legal Form :	Limited Liability Company
Line of Business :	Trading as importers and suppliers of offset printing presses as well as other printing and packaging machines.
No. of Employees :	4

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 :	No Complaints
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 (30.09.2017)	Current Rating (31.12.2017)
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 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	HEBS STAR INTERNATIONAL (L.L.C.)
ADDRESS	Building	Street			Area			PO Box
	Zabeel Tower 2802	Sheikh Zayed Road			N/A			48790 Dubai
TEL/FAX	Verified Phones: (+971 4) 332 4939 / Fax: (+971 4) 311 3500
EMAIL/WEBSITE	Email: jerry@hebs-star.com / info@hebs-star.com / Website: www.hebs-star.com (under construction)
ACTIVITY	NACE 4690 - Non-specialised wholesale trade; NACE 8292 - Packaging activities;
PRINCIPAL	Gerald F. Pereira					Workforce
	Managing Director					4
LEGAL INFO	Date Of Est.		Reg. No.	Legal Form			Status
	28/06/2006		583166	LLC			Active
CAPITAL	CURRENCY			AMOUNT
	AED			500,000

IDENTIFICATION
CO. NAME	HEBS STAR INTERNATIONAL (L.L.C.)
ENQUIRED NAME	HEBS STAR INTERNATIONAL
BUILDING	Zabeel Tower 2802
STREET	Sheikh Zayed Road
POSTAL ADDRESS	48790 Dubai
CITY	Dubai
COUNTRY	United Arab Emirates
TELEPHONE	(+971 4) 332 4939 / (971 50) 708 5727 (Gerald F. Pereira)
FAX	(+971 4) 311 3500
VERIFIED EMAIL	jerry@hebs-star.com / info@hebs-star.com
WEBSITE	www.hebs-star.com (under construction)
BUSINESS HOURS (DURING RAMADAN)	DAYS	OFFICE HOURS	BREAK TIME
	Sun-Thu	09:00-16:00	Without Break
FORMER ADDRESS	Subject previously was located at: Saeed Tower 1/2705 Sheikh Zayed Road, Dubai

SENIOR PERSONNEL
MANAGEMENT	NAME	POSITION
	Gerald F. Pereira	Managing Director
	Chethan M. Pereira Ms. Nambruta	Director Admin Officer
WORKFORCE	NO. OF EMPLOYEES	PERIOD
	4	05.2018

FINANCIAL SUMMARY
SALES	31/03/2018	31/03/2017
	AED 9,500,000	AED 8,000,000
NET PROFIT / (LOSS)	Not given but stated to be 10-15% of the sales
FISCAL YEAR-END	31 March

LEGAL STATUS
INCORPORATION	28/06/2006
REGISTRATION NO.	C.R. NUMBER	ISSUED BY
	Trade License No.: 583166 (expiry date: 27/06/2018)	Dubai Department of Economic Development
OTHER REGISTRATION NO.	Registration No.: 81961
AUTHORISED CAPITAL	AMOUNT	CURRENCY
	500,000	AED
PAID-UP CAPITAL	AMOUNT	CURRENCY
	500,000	AED
BUSINESS HISTORY	The Company was incorporated in Dubai on 28 June 2006.
LEGAL FORM	Limited Liability Company
STATUS	Active
SHAREHOLDERS	NAME	PERCENTAGE
	1. Lewis Rosario Nationality: Indian 2. Chethan M. Pereira Nationality: Indian 3. Gerald F. Pereira Nationality: Indian 4. Salem Mubarak Khalfan Ghaithi * Nationality: Emirati * The local sponsor, according to UAE laws must hold a minimum of 51% of the capital, however, in practice and unofficially the sponsor gets a fixed annual percentage of the profit and a sponsorship fee without any investment in the company.	17.00% 16.00% 16.00% 51.00%

OPERATION
BANKERS	Bank of Baroda Deira Dubai Branch, Al Kuwaiti Building Baniyas Road Deira PO Box: 5107 Telephone: (+971 4) 260 0900 Fax : (+971 4) 228 6020 Subject previously had an account with Habib Bank AG Zurich and Mashreq Bank.
ACTIVITY CODE (NACE)	4690 - Non-specialised wholesale trade; 8292 - Packaging activities;
LINE OF BUSINESS	Trading as importers and suppliers of offset printing presses as well as other printing and packaging machines.
IMPORT FROM	USA, Canada, Japan, Germany, the Netherlands, Spain, Poland, Denmark, Belgium, France, Italy and UK.
EXPORT TO	African countries, Sudan, Singapore, Hong Kong and India.
TRADE REFERENCES	1. Grafimat Harelbekestraat 79 8540 Deerlijk Belgium 2. Rainbow 7 Machinery Ltd Unit, 7 Lockwood Way Leeds LS11 5TQ UK 3. Heidelberger Druckmaschinen AG Germany
FACILITIES	Leased office premises located at the heading address as well as storage facilities located elsewhere in Dubai.

PAYMENT RECORDS
CREDIT OPINION	We consider it is acceptable to deal with subject for SMALL amounts.
FINANCIAL STRENGTH	Normal
EMPLOYEE RANGE	ER8

SPECIAL REMARKS
INTERVIEWED	Gerald F. Pereira (Managing Director).
COMMENTS	The name which you provided: HEBS STAR INTERNATIONAL applies to subject’s also known as name only. Please note that subject’s correct registered name is as per heading.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.02
UK Pound	1	INR 91.25
Euro	1	INR 80.07
UAE Dh	1	INR 18.56

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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.