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Report Date : |
04.09.2014 |
IDENTIFICATION DETAILS
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Name : |
BRUNTON WOLF WIRE
ROPES FZCO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23.05.1999 |
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Legal Form : |
Free Zone Company
– FZCO |
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Line of Business : |
Manufacturers of
metal rope |
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No. of Employees |
80 |
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 : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 |
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
|
Source
: CIA |
Company Name : BRUNTON WOLF WIRE ROPES FZCO
Country of Origin :
Legal Form :
Free Zone Company - FZCO
Registration Date : 23rd
May 1999
Trade Licence
Number : 2025
Membership Number : 57308
Issued Capital : UAE Dh
500,000
Paid up Capital : UAE Dh
500,000
Total Workforce : 80
Activities :
Manufacturers of metal rope
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
BRUNTON WOLF WIRE
ROPES FZCO
Registered & Physical Address
Street :
Area : Jebel Ali Free Zone
PO Box : 17491
Town :
Country :
Telephone : (971-4) 8838151
Facsimile : (971-4) 8838152
Email : you@bsme-uae.com / wireropes@bsme-uae.com / sm@bsme-uae.com /
Premises
Subject operates from
a medium sized suite of offices and a factory that are rented and located in
the Jebel Ali Free Zone Area of Dubai.
Name Position
Sabyasachi Majumder General
Manager
Balwant Mall Commercial
Manager
Date of
Establishment : 23rd May 1999
Legal Form : Free Zone Company - FZCO
Trade Licence
No. : 2025 (Expires 19/01/2015)
Membership No. : 57308
Issued Capital : UAE Dh 500,000
Paid up Capital : UAE Dh 500,000
Name of Shareholder (s) Percentage
Usha Martin
International Ltd 80%
Gustav Wolf Seil
Und Drahtwerke 20%
Activities: Engaged in the manufacture of metal ropes,
including general engineering rope, elevator rope, crane rope, off-shore
application rope.
Import
Countries: Europe and the
Subject has a
workforce of 80 employees.
Companies
registered in
Emirates National
Bank of
PO Box: 777
Tel: (971-4) 2222555
Fax: (971-4) 2221110
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.60.54 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.79.54 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared by
: |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
|
|
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.