MIRA INFORM REPORT

 

 

Report Date :

10.03.2012

 

IDENTIFICATION DETAILS

 

Name :

FUJI TECHNICAL SERVICES PVT LTD

 

 

Registered Office :

Hamriyah Free Zone, LOB 22-G-08 PO Box 42820 Sharjah

 

 

Country :

United Arab Emirates

 

 

Date of Incorporation :

28.10.2008

 

 

Legal Form :

Branch of a Foreign Registered Corporation

 

 

Line of Business :

Distributors of diesel engine supplies, auxiliary engine systems, main engine spares, purifiers and separators.

 

 

No. of Employees :

3

 

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

 

Maximum Credit Limit :

US$ 150,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

UAE

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

SUMMARY

 

Company Name                                     : FUJI TECHNICAL SERVICES PVT LTD

Country of Origin                                    : India

Legal Form                                            : Branch of a Foreign Registered Corporation

Registration Date                                   : 28th October 2008

Trade Licence Number                            : 4528, Hamriyah Free Zone

Total Workforce                                     : 3

Activities                                               : Distributors of diesel engine supplies, auxiliary engine systems, main engine  spares, purifiers and separators.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 150,000

Person Interviewed                                 : N Gopalan Nair, General Manager

 

COMPANY NAME

 

FUJI TECHNICAL SERVICES PVT LTD

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Hamriyah Free Zone, LOB 22-G-08

 

PO Box             : 42820

 

Town                 : Sharjah

Country             : United Arab Emirates

 

Telephone         : (971-6) 5262170

Facsimile          : (971-6) 5262171

Mobile               : (971-56) 6912690

Email                : fujiuae@fujitech.net / fujiuae@fujitech.net

 

Premises

 

Subject operates from a small suite of offices and a warehouse that are rented and located in the Hamriyah Free Zone Area of Sharjah.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       N Gopalan Nair                                                                                 General Manager

 

·       Bharat Boshan                                                                                  Assistant General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 28th October 2008

 

Legal Form                  : Subject is the United Arab Emirates registered branch of Fuji Technical Services Pvt  Ltd, a

  Limited Liability Company incorporated in India.

 

  Fuji Technical Services Pvt Ltd in the United Arab Emirates, operates as a Branch of a

  Foreign Registered Corporation with its registered office located at the following address:

 

  Fuji Technical Services Pvt  Ltd

  Mumbai

  India

 

  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 India.

 

Trade Licence No.       : 4528, Hamriyah Free Zone

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of diesel engine supplies, auxiliary engine systems, main engine spares, purifiers and separators.

 

Import Countries: Europe and the Far East.

 

Agencies Held:

 

·       Fuji Diesel

·       Mitsubishi Kakoki

·       Vestas Aircoil

 

Subject has a workforce of 3 employees.

 

 

FINANCIAL DATA

 

Companies registered in Sharjah, 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

 

·       National Bank of Sharjah

Al Boorj Avenue

     PO Box: 4

     Sharjah

     Tel: (971-6) 5547747

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner. The financial position is satisfactory and the business is deemed a fair trade risk.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.79.01

Euro

1

Rs.66.18

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.