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Report Date : |
27.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
BAKER PETROLITE
ANGOLA LTD. |
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Registered Office : |
Rua Nima Nienda Base Sonils Estrada Da Boavista Luanda |
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Country : |
Angola |
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Date of Incorporation : |
2002 |
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Legal Form : |
Limited Corporation |
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line of business
: |
Operate in the petroleum, oil and gas industry |
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No. of Employees : |
250 |
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 |
|
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) |
|
Angola |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Registered Name: BAKER PETROLITE ANGOLA LTD.
Requested Name: BAKER
PETROLITE ANGOLA LTD.
Other Names: None
Physical Address: Rua Nima Nienda Base Sonils
Estrada Da Boavista Luanda
Postal Address: Rua Nima Nienda Base Sonils Estrada
Da Boavista
Luanda
Country: Angola
Phone: 244-222-332263/754
Fax: 244-222-311482/8/90
Email: None
Website: None
Legal Form: Limited Corporation
Date Incorporated: 2002
Reg. Number: Angola
Nominal Capital AOA. 1,000,000
Subscribed Capital AOA. 1,000,000
Subscribed Capital is Subscribed
in the following form:
Position Shares
Mr. Martin S.
Craighead Group President
Mr. Fernando
Osvaldo dos Santos Director
Mr. Manuel António da
Silva Neto Director
Grupo Vernon Shareholder 40%
Baker Hughes Holding Co. 60%
Baker Hughes Parent company.
None Subsidiary company.
Various worldwide Affiliated company.
Grupo Vernon Shareholder of subject firm.
None Branches of the firm
Registered to operate in the petroleum, oil and gas industry
Imports: Asia,
Europe
Exports: Worldwide
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 250
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Angola
Location: Leased
premises, 10,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Angolan Kwanza (AOA.)
Approx. Ex. Rate: 1 US Dollar = 95.06 Angolan Kwanza
Fiscal
Year End: December 31, 2011
Inflation: According to
information given by independent sources, the inflation at December 31st,
2011 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in AOA.)
2010 2011
Sales 250,150,000 380,000,000
Bank Name: BCA BANK
Branch: Angola
Comments: None
Experiences: Good
NOTARIAL BONDS None
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
|
UK Pound |
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.