MIRA INFORM REPORT
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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ENOC INTERNATIONAL SALES LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.03.2001 |
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Com. Reg. No.: |
56231, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of refined oil products, aviation fuel, lubricants, tar, asphalt, fertilizers, oilfield chemicals and plant feed |
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No. of Employees
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120 |
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$ 600,000 |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company Name : ENOC INTERNATIONAL SALES LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 28th March 2001
Commercial Registration Number : 56231,
Trade Licence Number : 524781
Chamber Membership Number : 62956
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 120
Activities : Distributors of refined oil products, aviation fuel, lubricants, tar, asphalt,
fertilizers, oilfield chemicals and plant feed.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 600,000
ENOC INTERNATIONAL
SALES LLC
Registered &
Physical Address
Building :
Street :
PO Box : 6442
Town :
Country :
Telephone : (971-4) 3374400 / 3134801 / 3134600 /
3134530
Facsimile : (971-4) 3134602 / 3134172
Email : eis@enoc.com
Premises
Subject operates
from a medium sized suite of offices that are owned and located in the
Industrial Area of Dubai.
Name Nationality Position
·
Hussain
Mahyoob Sultan Al Junaidi Emirati Managing
Director
·
Sheikh
Hamdan Bin Rashid Al Maktoum Emirati Director
·
Saeed
Khoury - Chief
Executive Officer
·
Kamal
Said - General
Manager
·
Zaid Al
Qufaidi - Marketing
Manager
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Salah
Galadari - Planning Manager
·
P
Murali Krishna - Operations
Manager
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Girsh
Chand - Finance
Manager
Date of Establishment : 28th
March 2001
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 56231,
Trade Licence No. : 524781
(Expires 20/03/2013)
Chamber Member No. : 62956
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Emirates
National Oil Co Ltd (ENOC) LLC 99%
Oud Metha
PO Box: 6442
Tel: (971-4) 3374400
Fax: (971-4) 3134503
·
Sheikh
Hamdan Bin Rashid Al Maktoum
1%
Subject belongs to
the Enoc Group of companies that consists of the following concerns:
·
ENOC UK
·
UGAFCO
·
ENOC Bunkering (Fujairah) LLC
·
Fujairah Energy Projects Company LLC
· Horizon Jebel Ali Terminal Ltd
· Vopak Horizon Fujairah Limited
· GULF Energy Maritime (GEM) PJSC
·
Emirates Petroleum Products Co LLC
·
Tasjeel
·
Global Technology Services LLC
·
Leading Edge Technology Services LLC (LETS)
·
Dubai Natural Gas Company Ltd (Dugas)
Activities: Engaged in the import and distribution of
refined oil products, aviation fuel, lubricants, tar, asphalt,
fertilizers, oilfield
chemicals and plant feed.
Import
Countries: Europe and the
Subject has a
workforce of 120 employees.
Companies
registered in
·
Commercial
Bank of
PO Box: 2668
Tel: (971-4) 3523355
Fax: (971-4) 3527655 / 2524796
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.91 |
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1 |
Rs.81.27 |
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Euro |
1 |
Rs.67.99 |
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.