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Report Date : |
02.06.2012 |
IDENTIFICATION DETAILS
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Name : |
TRIBURG TRADE LIMITED |
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Registered Office : |
Lob 3 AG |
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Country : |
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Date of Incorporation : |
09.11.1996 |
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Com. Reg. No.: |
OVR-1509, |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Subject operates with a general trade licence |
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No. of Employees : |
10 |
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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Status : |
Branch of a Foreign Registered Corporation |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : TRIBURG TRADE LIMITED
Country of Origin :
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 9th November 1996
Commercial Registration Number :
OVR-1509,
Trade Licence Number : 1509
Chamber Membership Number : 51314
Issued Capital : UAE Dh 4,000
Paid up Capital : UAE Dh 4,000
Total Workforce : 10
Activities : Subject operates with a general trade licence
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
TRIBURG TRADE LIMITED
Building : Lob 3 AG 29
Street :
Area : Jebel Ali
Free Zone
PO Box : 16939
Town :
Country :
Telephone : (971-4) 8839744
/ 8818956
Facsimile : (971-4)
8818126 / 8818957
Email : tritrade@emirates.net.ae
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Jebel Ali Free Zone,
Name Nationality Position
· Manjeshwar
Balakrishna Mallya Indian Managing
Director
· Ratan Mallya Indian Director
· Laxmi Narayanan - Sales
Manager
Date of
Establishment : 9th
November 1996
Legal Form : Subject is the
United Arab Emirates registered branch of TRIBURG TRADE LIMITED, a
Limited Liability Company incorporated in
TRIBURG TRADE LIMITED in the
Registered Corporation
with its registered office located at the following address :
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 TRIBURG TRADE LIMITED.
Commercial Reg.
No. : OVR-1509,
Trade Licence No. : 1509 (Expires 08/11/2012)
Chamber Member No. : 51314
Issued Capital : UAE Dh 4,000
Paid up Capital : UAE Dh 4,000
Activities: Subject operates with a general trade licence and specialises in the import
and distribution of fast moving consumer
goods such as foodstuff and beverages, cosmetics and toiletries as well as
electrical goods.
Import Countries: Europe and the
Subject has a workforce of 10 employees.
Companies registered in
·
Standard Chartered Bank
PO Box: 999
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.55.92 |
|
|
1 |
Rs.86.03 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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.