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Report Date : |
31.07.2012 |
IDENTIFICATION DETAILS
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Name : |
DRESSER INTERNATIONAL INC |
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|
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Registered Office : |
View 19, 23rd
Floor, Office No. 2301/2308, Jebel Ali Free Zone, P O Box 61302, Dubai |
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Country : |
United Arab Emirates |
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Date of Incorporation : |
01.12.1995 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Distributors of pumps, engines, valves and spare parts |
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No. of Employees : |
40 |
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 |
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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) |
|
United Arab
Emirates |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : DRESSER INTERNATIONAL INC
Country of Origin : United States of America
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 1st December 1995
Trade Licence Number : 1201
Chamber Membership Number : 39290
Issued Capital : UAE Dh 37,000,000
Paid up Capital : UAE Dh 37,000,000
Total Workforce : 40
Activities : Distributors of pumps, engines, valves and spare parts
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Operating Trend : Steady
DRESSER
INTERNATIONAL INC
Registered &
Physical Address
Building : View 19, 23rd Floor,
Office No. 2301/2308
Area : Jebel Ali Free Zone
PO Box : 61302
Town : Dubai
Country : United Arab Emirates
Telephone : (971-4) 8838752
Facsimile : (971-4) 8838038
Mobile : (971-50) 4574971
Email : dvcdjafz@emirates.net.ae / vinodkumar.k@ge.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Suburban Business Area of Dubai.
Name Position
·
Dyab
Sary General
Manager
·
Ghopal
Raju Finance
Manager
·
Damodar
Jadish Commercial
Manager
·
Vinod
Kumar Technical
Manager
Date of Establishment : 1st
December 1995
Legal Form :
Subject is the United Arab
Emirates registered branch of Dresser International Inc a Limited Liability Company incorporated in the United States of
America.
Dresser International Inc in the
United Arab Emirates, operates as a Branch of a
Foreign Registered
Corporation.
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 the United States of America.
Trade Licence No. : 1201 (Expires
30/11/2012)
Chamber Member No. : 39290
Issued Capital : UAE Dh 37,000,000
Paid up Capital : UAE Dh 37,000,000
Activities: Engaged in the import and distribution of
pumps, engines, valves and spare parts.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 40 employees.
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.
·
Standard
Chartered Bank
Khalid Bin Waleed Street
PO Box: 999
Dubai
Tel: (971-4) 2520455
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.55.44 |
|
UK Pound |
1 |
Rs.87.12 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.