MIRA INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HESSE INTERNATIONAL GMBH & CO KG |
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Registered Office : |
Jebel Ali Free
Zone, Jebel Ali South, P O Box 262455, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
11.02.2007 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Mixing and distribution of interior lacquers and stains |
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No. of Employees
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16 |
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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Hong Kong |
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 : HESSE INTERNATIONAL GMBH & CO KG
Also Known As : HESSE LIGNAL MIDDLE EAST
Country of Origin : Germany
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 11th February 2007
Trade Licence Number : 100821
Total Workforce : 16
Activities : Mixing and distribution of interior lacquers and stains.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Karin Regner, Administration Manager
COMPANY NAME
HESSE INTERNATIONAL GMBH & CO KG
ALSO KNOWN
HESSE LIGNAL MIDDLE EAST
company ADDRESS
Registered &
Physical Address
Location : Jebel Ali Free Zone, Jebel Ali
South
PO Box : 262455
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8809950
Facsimile : (971-4) 8809952
Email : info@hesse.ae
/ k.regner@hesse-lignal.de
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Jebel Ali Free Zone Area of Dubai.
KEY PRINCIPALS
Name Position
·
Beate
Hesse Managing
Director
·
Karin
Regner Administration
Manager
·
Munir
Idriss Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 11th
February 2007
Legal Form :
Subject is the United Arab
Emirates registered branch of Hesse GmbH & Co KG, a Limited Liability
Company incorporated in Germany.
Hesse International GmbH &
Co KG in the United Arab Emirates, operates as a Branch of a Foreign
Registered Corporation with its registered office located at the following
address:
Hesse GmbH & Co KG
59075 Hamm
Germany
A Branch of a Foreign
Registered Corporation is not a legal entity in its own
right. Responsibility for payments
lays in the hands of the company where it is
originally registered.
Under these circumstances, we
strongly advise that any international trade
credit should only be written
under the name of the main company where the
subject holds its registered
office, in this case Germany.
Trade Licence No. : 100821
OPERATIONS
Activities: Engaged in the import, mixing and
distribution of interior lacquers and stains.
Import
Countries: Europe and the
Far East.
Subject has a workforce
of 16 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
·
Middle
East Bank Ltd
Arbift Tower
Baniyas Street
PO Box: 5547
Dubai
Tel: (971-4) 2220121
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.09 |
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.