|
Report Date : |
21.09.2012 |
7
IDENTIFICATION DETAILS
|
Name : |
SCHNEIDER
ELECTRIC FZE |
|
|
|
|
Registered Office : |
Plot No. KC 5
& 6, Sheikh Zayed Road, Jebel Ali Free Zone, 17192 Dubai |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.06.1999 |
|
|
|
|
Com. Reg. No.: |
428 |
|
|
|
|
Legal Form : |
Free Zone Limited
Liability Establishment – FZE |
|
|
|
|
Line of Business : |
Distribution of power
generation, transmission and distribution equipment |
|
|
|
|
No. of Employees : |
25 |
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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UAE - ECONOMIC OVERVIEW
The UAE has an open economy
with a high per capita income and a sizable annual trade surplus. Successful
efforts at economic diversification have reduced the portion of GDP based on
oil and gas output to 25%. Since the discovery of oil in the UAE more than 30
years ago, the UAE has undergone a profound transformation from an impoverished
region of small desert principalities to a modern state with a high standard of
living. The government has increased spending on job creation and
infrastructure expansion and is opening up utilities to greater private sector
involvement. In April 2004, the UAE signed a Trade and Investment Framework
Agreement with
Source
: CIA
Company Name : SCHNEIDER ELECTRIC
FZE
Country of Origin :
Legal Form : Free
Zone Limited Liability Establishment – FZE
Registration Date : 12th June
1999
Commercial
Registration Number : 428
Trade Licence
Number : 2277
Chamber Membership
Number : 55008
Issued Capital : UAE Dh
3,000,000
Paid up Capital : UAE Dh
3,000,000
Total Workforce : 25
Activities :
Distribution of power generation, transmission and distribution equipment
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
SCHNEIDER ELECTRIC
FZE
Building : Plot No. KC 5 & 6
Street :
Area : Jebel Ali Free Zone
PO Box : 17192
Town :
Country :
Telephone : (971-4) 8086133 / 8836581 / 7099333
Facsimile : (971-4) 8086134 / 8836371 / 7099399
Email : ae-ccc-gulf@ae.schneider-electric.com
/ schndfze@emirates.net.ae
Subject operates from
a medium sized suite of offices that are rented and located in the Jebel Ali
Free Zone,
Name Position
·
Abhishek
Richhariya Sales
Manager
Date of Establishment : 12th June
1999
Legal Form :
Free Zone Limited Liability
Establishment – FZE
Commercial Reg. No. : 428
Trade Licence No. : 2277
(Expires 11/06/2012)
Chamber Member No. : 55008
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
·
Schneider
Electric S.A 100%
Activities: Engaged in the import and distribution of
power generation, transmission and distribution equipment.
Import
Countries: Europe and the
Subject has a
workforce of 25 employees.
Companies
registered in
·
National
Bank of
PO Box: 777
Tel: (971-4) 2222241
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.54.34 |
|
|
1 |
Rs.87.91 |
|
Euro |
1 |
Rs.70.57 |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.