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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HENKEL INTERNATIONAL LUBRICANT INDUSTRY LLC |
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Registered Office : |
New Sanaya Area, Plot |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
03.04. 2005 |
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Com. Reg. No.: |
3809, |
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Legal Form : |
Limited Liability Company - LLC |
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Line of Business : |
Manufacture of lubricants and greases. |
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No. of Employees : |
48 |
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$ 1,000,000 |
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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) |
|
UAE |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 : HENKEL INTERNATIONAL LUBRICANT INDUSTRY LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 3rd April 2005
Commercial Registration Number :
3809,
Trade Licence Number : 550291
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 48
Activities : Manufacture of lubricants and greases.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 1,000,000
Person Interviewed : Jasvinder Singh, Financial Manager
HENKEL INTERNATIONAL LUBRICANT INDUSTRY LLC
Location : New Sanaya Area,
Plot No. 22285
PO Box : 5082
Town :
Country :
Telephone : (971-6) 7433894
Facsimile : (971-6)
7433895
Email : henkel@emirates.net.ae
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Ajman.
Branch Office (s)
Location Description
· Abdullah Al Moosa
Building Office
premises
Deira
Tel: (971-4)
2272426
Fax: (971-4)
2226220
Name Nationality Position
· Pramjeet Singh
Kohli Indian Managing
Director
· Abdulrahman Al
Marzouqi Emirati Director
· Alaa Al Haj Siddiq - Commercial
Manager
· Jasvinder Singh - Financial
Manager
· Munir Basha - Production
Manager
Date of
Establishment : 3rd
April 2005
Legal Form : Limited Liability
Company - LLC
Commercial Reg.
No. : 3809,
Trade Licence No. : 550291
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
· Abdulrahman Al
Marzouqi 51%
· Pramjeet Singh
Kohli 49%
·
PO Box: 21516
Tel: (971-4)
2272425
Fax: (971-4)
2226220
Activities: Engaged in the manufacture of lubricants and greases.
Import Countries:
Brand Names: STANLEY, JAMBO and HARIS PLUS
Operating Trend: Steady
Subject has a workforce of 48 employees.
Financial highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales UAE
Dh 91,000,000 UAE Dh
93,250,000
Local sources consider subject’s financial condition to be Good.
The above financial figures were provided by Mr Jasvinder Singh,
Financial Manager
·
PO Box: 915
Tel:
(971-6) 7466555
Fax: (971-6)
7466626
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.00 |
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|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.68.40 |
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 |
|
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.