MIRA
INFORM REPORT
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Report Date : |
15th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ENRC
MARKETING AG |
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Registered Office : |
LOB
17, Office 313, Jebel Ali Free Zone, PO Box : 17674, Dubai, United Arab
Emirates |
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Country : |
United
Arab Emirates |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Providers of marketing services and suppliers of raw materials. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$
50,000 |
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Status : |
Foreign
Company Branch |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
SUMMARY
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Company Name |
ENRC MARKETING AG |
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Country of Origin |
Switzerland |
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Legal Form |
Branch of a Foreign Registered Corporation |
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Registration Date |
2000 |
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Total Workforce |
4 |
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Line of Business |
Providers of marketing services and suppliers of raw materials. |
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Financial Condition |
Undetermined |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
ENRC
MARKETING AG
ADDRESS
Registered & Physical Address
Location : LOB 17, Office 313
Area : Jebel Ali Free Zone
PO Box : 17674
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8813503
Facsimile : (971-4) 8811334
Email : ebaginskaya@enrc.com
Premises
Subject
operates from a small suite of offices that are rented and located in the Jebel
Ali Free Zone Area of Dubai.
KEY PRINCIPALS
·
Alexey
Podkolain General
Manager
·
Katrina
Ebaginskaya Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form:
Subject
is the United Arab Emirates registered branch of ENRC Marketing AG, a
Limited Liability Company incorporated in Switzerland.
ENRC
Marketing AG in the United Arab Emirates, operates as a Branch of a Foreign
Registered Corporation with its registered office located at the following
address :
ENRC
Marketing AG
Balz
Zimmermann Strasse 7
CH-8302
Kloten
Switzerland
Tel : (41-43) 4994100
Fax : (41-43) 4994199
A Branch
of a Foreign Registered Corporation is not a legal entity in its own right.
Responsibility for payments lays in the hands of the company where it is
originally registered.
Under these
circumstances, we strongly advise that any international trade credit should
only be written under the name of the main company where the subject holds its
registered office, in this case Switzerland.
LINE OF BUSINESS
Operations
: Engaged as
providers of marketing services and suppliers of raw materials.
Subject
has a workforce of 4 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in Dubai, United Arab Emirates are not legally required to make
their accounts public and no financial information was released by the company
or submitted by outside sources.
BANKERS
·
Commercial
Bank of Dubai
Mankhool Street
PO Box : 2668
Dubai
Tel : (971-4) 3523355
Fax : (971-4) 3527655 / 2524796
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 2000, subject is a branch of a foreign corporation, namely “ENRC Marketing
AG” of Switzerland.
Any
credit amount that is to be offered to this company should be written under the
name of “ENRC Marketing AG” and directed to the companies head office address
in Switzerland.
Maximum
suggested credit figure: US$ 50,000
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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