MIRA INFORM REPORT
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Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL BUNKERING MIDDLE EAST DMCC |
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Registered Office : |
Liwa Heights, 36th
Floor, Office No. 3606 & 3607, Jumeirah Lakes Towers, P O Box 283933,
Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
22.05.2006 |
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Com. Reg. No.: |
0705 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Providers of bunkering, lubricants, laboratory test, quality and quantity surveys, market updates, credit facilities, fixed price agreement and advisory services |
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No. of Employees
: |
18 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : INTERNATIONAL BUNKERING MIDDLE EAST DMCC
Country of Origin : Dubai, United Arab Emirates
Legal Form : Limited Liability Company
Registration Date : 22nd February 2006
Commercial Registration Number : 0705
Trade Licence Number : 30421
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Total Workforce : 18
Activities : Providers of bunkering, lubricants, laboratory test, quality and quantity
surveys, market updates, credit facilities, fixed price agreement and
advisory services.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
INTERNATIONAL BUNKERING MIDDLE EAST DMCC
company ADDRESS
Registered &
Physical Address
Location : Liwa Heights, 36th
Floor, Office No. 3606 & 3607, Jumeirah Lakes Towers
PO Box : 283933
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 4371700
Facsimile : (971-4) 4281560
Email : bunkers@ibmeast.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
KEY PRINCIPALS
Name Position
·
Carsten Ladekjaer Managing
Director
·
Louise
Holka Marketing
Manager
·
David
Varghese Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 22nd
February 2006
Legal Form :
Limited Liability Company
Commercial Reg. No. : 0705
Trade Licence No. : 30421
(Expires 21/02/2012)
Issued Capital : UAE Dh 100,000
Paid up Capital : UAE Dh 100,000
Name of Shareholder
(s) Percentage
·
Dan
Bunkering AS 100%
Denmark
OPERATIONS
Activities: Engaged in the provision of bunkering,
lubricants, laboratory test, quality and quantity surveys, market
updates, credit facilities,
fixed price agreement and advisory services.
Subject has a workforce
of 18 employees.
FINANCIAL DATA
Companies
registered in Dubai, United Arab Emirates are not legally required to make
their accounts public and no financial information was released by the company
or submitted by outside sources.
BANKERS
·
Commercial
Bank of Dubai
Baniyas Street
Deira
PO Box: 1709
Dubai
Tel: (971-4) 2227121 / 2253222
Fax: (971-4) 2220943 / 2254565
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.77.47 |
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Euro |
1 |
Rs.64.39 |
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.