MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
DODSAL ENGINEERING AND CONSTRUCTION PTE LIMITED |
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Registered Office : |
Dubai National
Insurance Building, Sheikh Zayed Road, Al Wasl, PO Box 8034, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
17.03.1990 |
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Com. Reg. No.: |
41791, Dubai |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
General Contractors |
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$ 750,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : DODSAL ENGINEERING AND CONSTRUCTION PTE LIMITED
Country of Origin : Singapore
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 17th March 1990
Commercial Registration Number : 41791, Dubai
Trade Licence Number : 224685
Chamber Membership Number : 18675
Issued Capital : UAE Dh 5,600,000
Paid up Capital : UAE Dh 5,600,000
Total Workforce : 2,500
Activities : General contractors
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 750,000
COMPANY NAME
DODSAL ENGINEERING AND
CONSTRUCTION PTE LIMITED
ADDRESS
Registered & Physical
Address
Building : Dubai National Insurance Building
Street : Sheikh Zayed Road
Area : Al Wasl
PO Box : 8034
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3106921
/ 3431515 / 2267876 / 3106767
Facsimile : (971-4) 3434757 / 2661276 / 3106777
Email : mail@dodsaldxb.ae
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Dubai.
KEY PRINCIPALS
Name Position
·
Rajen Arvind
Kilachand Chairman
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Nikhil Rajan
Kilachand Vice
Chairman
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Asaad
Amin Administration
Manager
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Asim
Malik Commercial
Manager
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Ramesh
Butra Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 17th
March 1990
Legal Form :
Subject is the United Arab
Emirates registered branch of Dodsal Pte Ltd, a Limited Liability Company incorporated in
Singapore.
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 Singapore.
Commercial Reg. No. : 41791, Dubai
Trade Licence No. : 224685
(Expires 21/02/2009)
Chamber Member No. : 18675
Issued Capital : UAE Dh 5,600,000
Paid up Capital : UAE Dh 5,600,000
OPERATIONS
Activities: Engaged as general contractors, involved in
the building, water pipeline, oil and gas, electric power line and electrical
fitting contracting.
Import
Countries: China and Europe
Subject has a
workforce of approximately 2,500 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
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ABN Amro Bank
Deira Branch
PO Box : 2567
Dubai
Tel : (971-4) 3512200
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of
transaction July
2007
Credit amount 99,000
Amount overdue 0
Payment terms 90
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency Pounds
Sterling
GENERAL COMMENTS
Established in
1990, subject operates as general contractors, involved in the building, water
pipeline, oil and gas, electric power line and electrical fitting contracting.
Any credit amount
that is to be offered to this company should be written under the name of
“Dodsal Pte Ltd” and directed to the companies head office address in
Singapore.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)