MIRA INFORM
REPORT
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Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
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Name : |
STEVENS INTERNATIONAL LLC |
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Registered Office : |
Road No. 323, Al
Quoz Industrial Area No. 1, P O Box 38500, Dubai |
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Country : |
United Arab Emirates |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.04.2002 |
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Com. Reg. No.: |
58971, Dubai |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Distributors of
technology products for the evaluation and exploitation of oil and gas |
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 |
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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Arab Emirates |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : STEVENS INTERNATIONAL
LLC
Country of Origin : Dubai,
United Arab Emirates
Legal Form :
Limited Liability Company - LLC
Registration Date : 7th
April 2002
Commercial
Registration Number : 58971,
Dubai
Trade Licence
Number : 533100
Chamber Membership
Number : 68152
Issued Capital : UAE Dh
300,000
Paid up Capital : UAE Dh
300,000
Total Workforce : 30
Activities :
Distributors of technology products for the evaluation and exploitation of
oil and gas.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
Person Interviewed : Varghese
Ettan, Office Manager
COMPANY NAME
STEVENS
INTERNATIONAL LLC
company ADDRESS
Registered & Physical Address
Street : Road No. 323
Area : Al Quoz Industrial Area No. 1
PO Box : 38500
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 3476900
Facsimile : (971-4) 3477479
Mobile : (971-50) 4552646
Email : sales@cyprus.sparteksystems.com
Premises
Subject operates from
a small suite of offices and a warehouse that are rented and located in the
Industrial Area of Dubai.
KEY PRINCIPALS
Name Nationality Position
·
Bobby
Charles Stevens American Managing
Director
·
Ahmed
Al Omairi Emirati Director
·
Craig
Fraser - General
Manager
·
Varghese
Ettan - Office
Manager
LEGAL FORM & OWNERS
Date of Establishment : 7th
April 2002
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 58971, Dubai
Trade Licence No. : 533100
Chamber Member No. : 68152
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Ahmed
Al Omairi 51%
·
Bobby
Charles Stevens 49%
OPERATIONS
Activities: Engaged in the import and distribution of
technology products for the evaluation and exploitation of oil and gas.
Subject’s activities are divided into the following:
Spartek System – Providers of geophysical supplies
Stevens System – Distributors of general supplies
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a
workforce of 30 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: United
Arab Emirates Dirham (UAE Dh)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales UAE Dh
16,375,000 UAE Dh
17,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local 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
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.82 |
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UK Pound |
1 |
Rs.72.84 |
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Euro |
1 |
Rs.64.58 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.