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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
STALLION POWER LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.06.2011 |
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Com. Reg. No.: |
1077926, |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Designers of oil and gas production and processing equipment |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Business |
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Payment Behaviour : |
No Complaints |
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Litigation : |
--- |
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) |
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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 : STALLION POWER LLC
Country of Origin :
Legal Form : Limited Liability Company - LLC
Registration Date : 15th June 2011
Commercial Registration Number : 1077926,
Trade Licence Number : 655330
Chamber Membership Number : 194146
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Total Workforce : 6
Activities : Designers of oil and gas production and processing equipment.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
STALLION POWER LLC
Registered &
Physical Address
Building :
Street :
PO Box : 125013
Town :
Country :
Telephone : (971-4) 3425782 / 3514271
Facsimile : (971-4) 3425783
Email : info@stallionpowerme.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dubai.
Name Nationality Position
·
Adnan
Hussain Ali Yousuf Pakistani Managing
Director
·
Hussein
Mansoor Ali Mona Pakistani Director
·
Abbas
Abdelhussein Muhsin Jawad Al Sawjwani Emirati Director
Date of Establishment : 15th
June 2011
Legal Form :
Limited Liability Company -
LLC
Commercial Reg. No. : 1077926,
Trade Licence No. : 655330
(Expires 14/06/2012)
Chamber Member No. : 194146
Issued Capital : UAE Dh 300,000
Paid up Capital : UAE Dh 300,000
Name of Shareholder
(s) Percentage
·
Abbas
Abdelhussein Muhsin Jawad Al Sawjwani 51%
·
Adnan
Hussain Ali Yousuf ]
]
49%
·
Hussein
Mansoor Ali Mona ]
Activities: Engaged in the design of upstream and
downstream oil and gas production and processing equipment, gas compressors and
power generation packages. Services include engineering design, procurement,
fabrication, installation, commissioning and operation and maintenance
(O&M) services to the oil, gas, petrochemical, power generation, water
treatment, and oleo chemical industries.
Import
Countries: Europe and the
Subject has a
workforce of 6 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Standard
Chartered Bank
PO Box: 999
Tel: (971-4) 2520455
No complaints
regarding subject’s payments have been reported.
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
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|
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.