MIRA INFORM REPORT
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Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
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Name : |
BRUNEI INVESTMENT
AGENCY |
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Registered Office : |
12Fl Ministry of Finance Bldg (Bangunan
Kementerian Kewangan) Commonwealth Drive, Bandar Seri Begawan BB3910 |
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Country : |
Brunei Darussalam |
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Date of Incorporation : |
July 1983 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Government Owned Organization |
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Line of Business : |
Provider of Fund Management,
Holding Investments, Money Management
& Taxation Services |
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No of Employees : |
100 |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
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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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Brunei Darussalam |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Brunei Darussalam ECONOMIC
OVERVIEW
Brunei has a small well-to-do
economy that depends on revenue from natural resource extraction but
encompasses a mixture of foreign and domestic entrepreneurship, government regulation,
welfare measures, and village tradition. Crude oil and natural gas production
account for 60% of GDP and more than 90% of exports. Per capita GDP is among
the highest in Asia, and substantial income from overseas investment
supplements income from domestic production. For Bruneian citizens the
government provides for all medical services and free education through the
university level. The government of Brunei has been emphasizing through policy
and resource investments it strong desire to diversity its economy both within
the oil and gas sector and to new sectors.
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Source : CIA |
REGISTERED NAME &
COMPANY SUMMARY
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Company Details |
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Organization Name |
: |
BRUNEI INVESTMENT AGENCY |
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Address |
: |
12Fl Ministry of Finance Bldg
(Bangunan Kementerian Kewangan) Commonwealth Drive, Bandar Seri Begawan
BB3910 |
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Country |
: |
Brunei |
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Phone (S) |
: |
[+673]-2383535 |
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Facsimile |
: |
[+673]-2383539 |
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Email |
: |
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Website |
: |
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Primary Business Activity |
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Service |
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Key Industry |
: |
Financial Services -
General |
DIRECTORS/MANAGEMENT
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Key Person
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COMPANY MANAGEMENT |
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Management Listings |
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COMPANY DIRECTORS |
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Not applicable -
According to the corporate statutory laws for this type of Legal Form -
Category (Government-owned Organization) in Brunei, there is no requirement
for Directors. |
NEGATIVE INFORMATION
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REPUTATION |
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Reference checking
for the purpose of establishing the BRUNEI INVESTMENT AGENCY's reputation
within the respective industry failed to reveal any adverse information. |
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NEGA-SCAN -
ADVERSE DATA MONITORING |
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SHARE & SHARE
CAPITAL INFORMATION
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Capital |
: |
n/a(2) |
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SHAREHOLDERS |
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GROUP STRUCTURE & AFFILIATED
COMPANIES
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DIRECT / INDIRECT CORPORATE PARENT DETAILS |
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RELATED PARTIES
(Subsidiaries, Joint-ventures & Affiliates) |
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The following provides
a summary of the number of businesses that are related to BRUNEI INVESTMENT
AGENCY: |
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Domestic |
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International |
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FINANCIAL INFORMATION
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FINANCIAL STATEMENT
- DETAILED |
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Based on the
corporate laws of Brunei, legal entities which are Government-owned
Organization are not required to make public disclosure of their annual
financials. Therefore no financials are available for this entity. |
FOREIGN EXCHANGE RATES
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Today's Exchange
rate |
: |
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ADDITIONAL INFORMATION
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Key Facts |
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Operational Address |
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12Fl Ministry of Finance Bldg
(Bangunan Kementerian Kewangan) Commonwealth Drive, Bandar Seri Begawan
BB3910 |
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License Number |
: |
Not Applicable(1) |
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License Status |
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No license is applicable. |
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Legal Form - Category |
: |
Government-owned
Organization |
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Legal Form |
: |
Not Applicable |
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Legal Form - Abbreviation |
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Not Applicable |
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Operational Status of
Business |
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Normal |
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Employees |
: |
100 |
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Report Details |
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Country |
: |
Brunei |
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Business Entity
Name |
: |
BRUNEI INVESTMENT
AGENCY |
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Acronym |
: |
BIA |
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Primary Business
Activity |
: |
Service |
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Primary Industry |
: |
Financial Services
- General |
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Office Contact
Details |
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Operating Address |
: |
12Fl Ministry of
Finance Bldg (Bangunan Kementerian Kewangan) Commonwealth Drive, Bandar Seri Begawan
BB3910 |
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Tel |
: |
[+673]-2383535 |
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Fax |
: |
[+673]-2383539 |
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Email |
: |
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Website Details |
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Website |
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Status |
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Normal -
operational |
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Country of
Registration |
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Brunei |
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Ownership Type |
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Registered
ownership by a related third party |
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Owner Country |
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Brunei |
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Owner Name |
: |
MINISTRY OF FINANCE
BRUNEI |
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Primary
Products
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SIC PRODUCT
CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY |
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CORE BUSINESS
DESCRIPTION |
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Core Business |
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The primary
business focus of BRUNEI INVESTMENT AGENCY is Specialized professional services,
including: ·
Fund management ·
Holding investments
·
Fund Management ·
Holding Investments
·
Money Management ·
Taxation |
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COMPANY HISTORY |
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REAL ESTATE OWNERSHIP |
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The following
property / ies are owned by BRUNEI INVESTMENT AGENCY: |
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NOTES & COMMENTS
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Note |
: |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.38 |
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UK Pound |
1 |
Rs.101.63 |
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Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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.