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Report Date : |
25.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SCHNEIDER ELECTRIC FZE |
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|
|
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Registered Office : |
Plot No. KC 5
& 6, Sheikh Zayed Road, Jebel Ali Free Zone, 17192 Dubai |
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Country : |
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Date of Incorporation : |
12.06.1999 |
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Com. Reg. No.: |
428 |
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|
|
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Legal Form : |
Free Zone Limited Liability Establishment
– FZE |
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Line of Business : |
Engaged in the import
and distribution of power generation, transmission and distribution
equipment. |
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No. of Employees : |
28 |
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 |
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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 |
|
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
|
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 : 28
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) 8087100 / 8019500 / 8087300
Facsimile : (971-4) 8087101 / 8830957
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,
Branch Offices
Location Description
·
Tel: (971-4) 7099333 / 7099100
Fax: (971-4) 7099399 / 7099101
·
Sharjah Office
premises
Tel: (971-6) 5179310
Name Position
·
Biji
Thomas General
Manager
·
Dilip
Kumar Tanby Transport
Manager
·
Abhishek
Richhariya Sales
Manager
·
Ramamathan
Venkat Financial
Controller
Date of Establishment : 12th June
1999
Legal Form :
Free Zone Limited Liability
Establishment – FZE
Commercial Reg. No. : 428
Trade Licence No. : 2277
Chamber Member No. : 55008
Issued Capital : UAE Dh 3,000,000
Paid up Capital : UAE Dh 3,000,000
·
Schneider
Electric S.A 100%
·
Clipsal
Middle
Saif Zone
Sharjah
Tel: (971-6) 5179310
·
Schneider Electric
RAK Free Zone
Ras Al Khaimah
Activities: Engaged in the import and distribution of
power generation, transmission and distribution equipment.
Import
Countries: Europe and the
Subject has a
workforce of 28 employees.
Companies
registered in
·
Emirates
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.61.02 |
|
|
1 |
Rs.99.99 |
|
Euro |
1 |
Rs.78.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.