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Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ENOC INTERNATIONAL SALES LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.03.2001 |
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Com. Reg. No.: |
56231, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Distributors of refined oil products, aviation fuel, lubricants, tar, asphalt, fertilizers, oilfield chemicals and plant feed. |
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No. of Employees : |
120 |
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$ 600,000 |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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UAE |
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 |
Company Name : ENOC INTERNATIONAL SALES LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 28th March 2001
Commercial Registration Number :
56231,
Trade Licence Number : 524781
Chamber Membership Number : 62956
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 120
Activities : Distributors of refined oil products, aviation fuel, lubricants, tar, asphalt,
fertilizers, oilfield chemicals and plant feed.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 600,000
ENOC INTERNATIONAL SALES LLC
Building : Enoc Building
Street :
PO Box : 6442
Town :
Country : United Arab Emirates
Telephone : (971-4) 3374400
/ 3134801 / 3134600 / 3134530
Facsimile : (971-4)
3134602 / 3134172
Email : eis@enoc.com
Subject operates from a medium sized suite of offices that are owned and
located in the Industrial Area of Dubai.
Name Nationality Position
· Hussain Mahyoob
Sultan Al Junaidi Emirati Managing
Director
· Sheikh Hamdan Bin
Rashid Al Maktoum Emirati Director
· Saeed Khoury - Chief
Executive Officer
· Kamal Said - General
Manager
· Zaid Al Qufaidi - Marketing
Manager
· Salah Galadari - Planning
Manager
· P Murali Krishna - Operations
Manager
· Girsh Chand - Finance
Manager
Date of
Establishment : 28th March
2001
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 56231,
Trade Licence No. : 524781 (Expires 20/03/2013)
Chamber Member No. : 62956
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Emirates National
Oil Co Ltd (ENOC) LLC 99%
Oud Metha
PO Box: 6442
Tel:
(971-4) 3374400
Fax:
(971-4) 3134503
· Sheikh Hamdan Bin
Rashid Al Maktoum 1%
Subject belongs to the Enoc Group of companies that consists of the
following concerns:
·
ENOC
UK
·
UGAFCO
·
ENOC Bunkering (Fujairah) LLC
·
Fujairah Energy Projects Company LLC
·
Horizon
Jebel Ali Terminal Ltd
·
Vopak Horizon Fujairah Limited
·
GULF Energy Maritime (GEM) PJSC
·
Emirates Petroleum Products Co LLC
·
Tasjeel
·
Global Technology Services LLC
·
Leading Edge Technology Services LLC (LETS)
·
Dubai Natural Gas Company Ltd (Dugas)
Activities: Engaged in the import and distribution of refined oil products,
aviation fuel, lubricants, tar, asphalt,
fertilizers, oilfield chemicals and plant feed.
Import Countries: Europe and the
Subject has a workforce of 120 employees.
Companies registered in
·
Commercial Bank of
PO Box: 2668
Tel: (971-4)
3523355
Fax: (971-4)
3527655 / 2524796
No complaints regarding subject’s payments have been reported.
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.51.62 |
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|
1 |
Rs.81.94 |
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Euro |
1 |
Rs.67.65 |
RATING EXPLANATIONS
|
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 |
-- |
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.