|
Report Date : |
30.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
KPL INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
Office No. 128, Building 6WA, Dubai Airport Free Zone, PO Box :
371409, Dubai |
|
|
|
|
Country : |
United Arab Emirates |
|
|
|
|
Date of Incorporation : |
25.09.2012 |
|
|
|
|
Legal Form : |
Branch of a Foreign Registered Corporation |
|
|
|
|
Line of Business : |
Subject is engaged in the import and distribution of
chemicals, polymers, paint, metals and gases. |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
UNITED ARAB
EMIRATES - 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 country 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 Washington and in November 2004 agreed to undertake negotiations toward a Free Trade Agreement with the US; however, those talks have not moved forward. The country's Free Trade Zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors. The global financial crisis, tight international credit, and deflated asset prices constricted the economy in 2009. UAE authorities tried to blunt the crisis by increasing spending and boosting liquidity in the banking sector. The crisis hit Dubai hardest, as it was heavily exposed to depressed real estate prices. Dubai lacked sufficient cash to meet its debt obligations, prompting global concern about its solvency. The UAE Central Bank and Abu Dhabi-based banks bought the largest shares. In December 2009 Dubai received an additional $10 billion loan from the emirate of Abu Dhabi. Dependence on oil, a large expatriate workforce, and growing inflation pressures are significant long-term challenges. The UAE's strategic plan for the next few years focuses on diversification and creating more opportunities for nationals through improved education and increased private sector employment.
|
Source
: CIA |
Company Name : KPL INTERNATIONAL LIMITED
Country of Origin :
India
Legal Form :
Branch of a Foreign Registered Corporation
Registration Date :
25th September 2012
Trade Licence Number :
23525
Total Workforce :
3
Activities :
Distributors of chemicals, polymers, paint, metals and gases
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
KPL INTERNATIONAL
LIMITED
Registered &
Physical Address
Building : Office No.
128, Building 6WA
Area : Dubai
Airport Free Zone
PO Box : 371409
Town : Dubai
Country : United Arab
Emirates
Telephone : (971-4) 2146890
/ 2146891
Facsimile : (971-4)
2146892
Email : kpldubai@kplintl.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Dubai Airport Free Zone Area of Dubai.
Name Nationality Position
Roghit Chopra Indian General
Manager
Mohamed Akbar Riaz - Operations
Manager
Date of Establishment : 25th September 2012
Legal Form : Subject is the
United Arab Emirates registered branch of KPL International Limited, a Limited Liability Company
incorporated in India.
KPL International Limited in the United Arab
Emirates, operates as a Branch of a Foreign Registered Corporation with
its registered office located at the following address:
KPL
International Limited
Statesman
House, 10th Floor
148
Barakhamba Road
New
Delhi 110001
India
Tel:
(91-11) 43606200
Fax:
(91-11) 23355824
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. : 23525 (Expires 24/09/2014)
Kanoria Chemicals Ltd
India
Activities: Engaged in the
import and distribution of chemicals, polymers, paint, metals and gases.
Import Countries: Europe
and the Far East.
Subject has a workforce of 3 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
Habib Bank Ltd
Murshid Bazaar
PO Box: 888
Dubai
Tel: (971-4) 2221281
Fax: (971-4) 2284631
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.62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.