MIRA INFORM
REPORT
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Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ORIENTAL OIL & GAS SERVICES LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.03.2004 |
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Com. Reg. No.: |
C49761 |
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Legal Form : |
Global Business Category 1 |
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Line of Business : |
oil and gas exploration services and
solutions |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a24 |
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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 |
SUBJECT'S NAME
Registered Name: ORIENTAL OIL & GAS SERVICES LIMITED
Requested Name: ORIENTAL
OIL & GAS SERVICES LIMITED
Former Names: SV OIL &
NATURAL GAS LTD
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address:
Postal Address:
Country:
Phone: 230-2101867
Fax: 230-2105922
Email: None
Website: None
CREDIT OPINION
Financial Index as of
December 2010 shows subject firm with a High risk of credit. We recommend
secured Credit
If we do not provide an amount, then your
maximum limit will suffice.
LEGAL
Legal Form: GLOBAL BUSINESS CATEGORY 1
Date Incorporated: 5-March-2004
Reg. Number: C49761
Nominal Capital
Subscribed Capital
Subscribed Capital is Subscribed in the following form:
Position Shares
Undisclosed Directors
FIDECO OFFSHORE
SERVICES LTD Trustee
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate oil and gas exploration services and solutions
Imports: None
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and 30
days (60%), invoices.
Main
Customers: firms and
organizations
Employees: 2 employees.
Vehicles: Several motor
vehicles.
Territory
of sales:
Location: Rented premises,
5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance
Brokers: Information not available.
FINANCE
Currency Reported:
Approx. Ex. Rate: 1 US Dollar = 29
Fiscal
Year End: December 31, 2010
Inflation: According to
information given by independent sources, the inflation at December 31st,
2010 was of 13%.
Financial Information Submitted Undisclosed
BANK
Bank Name: MCB ,
Branch:
Comments: Good
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This
information was obtained from outside sources other than the subject company
itself and confirmed the above subject.
A GLOBAL BUSINESS
CATEGORY 1 is a company engaged in qualified global business and which is
carried on from within
It may be
locally incorporated or may be registered as a branch of a foreign company.
Confidentiality
is strictly observed, no person or body is authorized to disclose information
or present documentation to any court, tribunal, committee of inquiry or other
authority in Mauritius unless ordered to do so by a Court of Law on application
by the Director of Public Prosecution for inquiry into the trafficking of
narcotics and dangerous drugs, arms trafficking or money laundering as defined
under existing legislation
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.63.13 |
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 |
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.