MIRA INFORM
REPORT
|
Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROLLS ROYCE SINGAPORE PTE LTD |
|
|
|
|
Registered Office : |
Oil Fields Supply
Centre, Office No. B-47, Roundabout No. 8, Jebel Ali Free Zone, P O Box
261103, Dubai |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Date of Incorporation : |
01.02.2003 |
|
|
|
|
Legal Form : |
Branch of a Foreign Registered Corporation |
|
|
|
|
Line of Business : |
Providers of marine services |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
United Arab Emirates |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bottom of Form
SUMMARY
Company Name : ROLLS ROYCE SINGAPORE PTE LTD
Country of Origin : Singapore
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 1st February 2003
Trade Licence Number : 626330
Total Workforce : 30
Activities : Providers of marine services.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ROLLS ROYCE SINGAPORE PTE LTD
company ADDRESS
Registered & Physical Address
Location : Oil Fields Supply Centre, Office
No. B-47, Roundabout No. 8
Area : Jebel Ali Free Zone
PO Box : 261103
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8833881
Facsimile : (971-4) 8833882
Email : jacob.oommen@rolls-royce.com
/ ravi.k@rolls-royce.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Jebel Ali Free Zone Area of Dubai.
KEY PRINCIPALS
Name Position
·
Ravi Kochukunju General
Manager
·
Jacob Oommen Sales
Manager
·
Shanker Velendey Technical
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
February 2003
Legal Form :
Subject is the United Arab
Emirates registered branch of Rolls Royce Singapore Pte Ltd, a Limited
Liability Company incorporated in Singapore.
Rolls Royce Singapore Pte Ltd in
the United Arab Emirates, operates as a Branch of a
Foreign Registered Corporation.
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.
Trade Licence No. : 626330
(Expires 20/06/2012)
OPERATIONS
Activities: Engaged in the provision of marine
services, including distribution of heavy machinery and maintenance of equipment.
Import
Countries: Singapore
Subject has a
workforce of 30 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
·
Emirates
Bank International Ltd
Deira
PO Box: 2923
Dubai
Tel: (971-4) 3160316
Fax: (971-4) 2264302
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Any credit amount
that is to be offered to this company should be written under the name of “Rolls
Royce Singapore Pte Ltd” and directed to the companies head office address in
Singapore.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
|
UK Pound |
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.64.48 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.