MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
CH2M HILL INTERNATIONAL LTD |
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Registered Office : |
Star Holding Building, Suite Eib 04, Knowledge Village, Dubai Internet
City, PO Box 500554, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Provision of Project Management Services |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : CH2M HILL INTERNATIONAL LTD
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company
Registration Date : 2006
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 150
Activities : Provision of project management services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
CH2M HILL INTERNATIONAL LTD
ADDRESS
Registered & Physical Address
Building : Star Holding
Building, Suite Eib 04
Area : Knowledge
Village, Dubai Internet City
PO Box : 500554
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 4277600
/ 3688095
Facsimile : (971-4)
4277601 / 3688092
Email : omur.akay@ch2m.com
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Dubai Internet City.
KEY PRINCIPALS
Name Nationality Position
· Omur
Akay American Managing
Director
· John
Parry British Director
· Martin
Rothman - Finance
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 2006
Legal Form : Limited Liability
Company
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder (s)
· Ch2m Hill
9191 South Jamaica
Street
Englewood, CO
80112
United States of
America
OPERATIONS
Activities: Engaged in the provision of project management services specialising in
the following areas; water and desalination, power, waste water, master
planning, environmental management, energy, industrial processes,
transportation, communications, information solutions, and infrastructure
development.
Subject has a workforce of approximately 150 employees.
FINANCIAL DATA
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
Opinion on the credit figure of US$ 150,000:
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 and
the above credit figure is within subject’s financial means.
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. |
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)