|
[The assets value of {1}. Ramla
Electro-Mechanical Establishment, {2}.
Summer Pool Trading Est., and {3}. Premier
General Contracting Est. in Abu Dhabi, UAE.,
Group of concerns, the value estimated
including work contracts, human resources
and procurement in projects of worth US Dollar $10 crore].
[A PART OF
MEMORANDUM OF WRIT PETITION FILED UNDER
ARTICLE 226 OF THE CONSTITUTION OF INDIA.
1. The petitioner is an Indian citizen went
to UAE on 1.6.1979. The petitioner has been
doing business for a period of about 18
years in Abu Dabi the capital of United Arab
Emirates. In the year 1983 the petitioner
obtained trade license in the name and style
“Ramla Electro-Mechanical Establishment” and
was engaged in the activities of electrical
contracting, installations and maintenance
of central AC, elevators, fire and safety,
demolishing etc.
A true copy of the trade license issued to
the petitioner is produced herewith and
marked as Exhibit P1. Similarly, copies of
some of the orders, contracts, etc., issued
to the petitioner including the prime
properties of the ruling families in the
country is produced herewith and marked as
Exhibit P2. A true English translation of
Exhibit P2 is produced herewith and marked
as Exhibit P2 (a).
2. In the year 1987 the petitioner started a
Building material trading and was issued
with a license in the name and style “
Summer Pool Building Materials Trading
Establishment” under the sponsorship of
Isahammad Hassan Jafar.
3. Apart from the same on 15.5.1990 the
petitioner entered into general contracting
with another license under the same
sponsorship of Ishahammad Hassan Jafar in
the name and style “Premier General
Contracting and Maintenance Establishment”.
It was registered in onshore and offshore,
oil and gas sectors, PWD, other Government
and semi Government Companies in UAE. A copy
of trade license, oil and gas registration
certificate, contracts are produced herewith
and marked as Exhibit P3. A true English
translation of Exhibit P3 is produced
herewith and marked as Exhibit P3 (a).
The petitioner was flying high in the field
of business and was having a very good
reputation across UAE.
The 1st establishment was having an office
cum warehouse block with an open yard and
compound wall and the area was 3000 sq.
meters. The same was close to a prime
property of a ruling family Shaikh Saif Bin
Mohammad Ali Nahyan.
The value of the 1st establishment of the
petitioner was worth 15 million UAE Dirham.
(15 crores INR and the earning from the same
per annum crossed more than 2.5 million UAE
Dirham (2.5 crores INR).
The 2nd establishment of the petitioner was
worth 2.5 million UAE Dirham in the year
1985 and the average earnings per year was
more than 45 lakhs INR.
The 3rd establishment of the petitioner was
worth more than 10 million UAE Dirham (10
crores INR) and average annual earning was
more than 2 Million UAE Dirham (2 crores INR).
The asset detail of the 3rd establishment
issued by the registered chartered
accountant of the 2nd establishment dated
18.8.1984 is produced herewith and marked as
Exhibit P4.
Apart from the above said assets the
petitioner is also having bank accounts with
National Bank of Abu Dhabi, the British Bank
of Middle East and an amount of 8 lakhs UAE
Dirham (80 lakhs INR approx.) was lying with
the bank along with cash and cheques in the
office shelf.
Thus, altogether as on 1995 the assets
(Other than Work Contracts, Human
Resources and Reputation) of
the petitioner was worth more than 30
million UAE Dirham (35 crores INR approx.)
with an annual earning of 4.95 million UAE
Dirham (4.95 crores approx.).
|
