MIRA INFORM REPORT

 

 

Report Date :

19.05.2012

 

IDENTIFICATION DETAILS

 

Name :

STALLION POWER LLC

 

 

Registered Office :

Blue Tower, Suite No. 409, Sheikh Zayed Road, P O Box 125013, Dubai

 

 

Country :

United Arab Emirates 

 

 

Date of Incorporation :

15.06.2011

 

 

Com. Reg. No.:

1077926, Dubai

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Designers of oil and gas production and processing equipment

 

 

No. of Employees :

06

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Business

 

 

Payment Behaviour :

No Complaints

 

 

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)

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

 

 

SUMMARY

 

Company Name                                     : STALLION POWER LLC

Country of Origin                                    : Dubai, United Arab Emirates

Legal Form                                            : Limited Liability Company - LLC

Registration Date                                   : 15th June 2011

Commercial Registration Number            : 1077926, Dubai

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

 

 

COMPANY NAME

 

STALLION POWER LLC

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Blue Tower, Suite No. 409

Street               : Sheikh Zayed Road

PO Box             : 125013

Town                 : Dubai

Country             : United Arab Emirates

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.

 

 

KEY PRINCIPALS

 

     Name                                                                      Nationality                               Position

·       Adnan Hussain Ali Yousuf                                          Pakistani                                   Managing Director

·       Hussein Mansoor Ali Mona                                        Pakistani                                   Director

·       Abbas Abdelhussein Muhsin Jawad Al Sawjwani          Emirati                                      Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 15th June 2011

 

Legal Form                  : Limited Liability Company - LLC

 

Commercial Reg. No.  : 1077926, Dubai

 

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                                        ]

 

 

OPERATIONS

 

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 Far East.

 

Subject has a workforce of 6 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Standard Chartered Bank

Khalid Bin Waleed Street

PO Box: 999

Dubai

Tel: (971-4) 2520455

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.54.87

UK Pound

1

Rs.86.46

Euro

1

Rs.69.48

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

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.