3decades

MIRA INFORM REPORT

Report No. :	488050
Report Date :	29.01.2018

IDENTIFICATION DETAILS

Name :	JOHNSON CONTROLS INTERNATIONAL LLC

Registered Office :	API World Tower, Suite No. 1102 & 1103, Sheikh Zayed Road, P O Box: 32459, Dubai

Country :	United Arab Emirates

Date of Incorporation :	27.12.1998

Com. Reg. No.:	52203, Dubai

Legal Form :	Limited Liability Company - LLC

Line of Business :	Import, distribution, installation and maintenance of air conditioning equipment, electrical appliances, fire-fighting equipment, control systems, security and surveillance equipment and refrigeration and cold storage equipment.

No. of Employees :	40

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

United Arab Emirates

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 from the oil and gas sector to 30%.

Since the discovery of oil in the UAE nearly 60 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. The country's free trade zones - offering 100% foreign ownership and zero taxes - are helping to attract foreign investors.

The global financial crisis of 2008-09, 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 and ultimately a $20 billion bailout from the UAE Central Bank and Abu Dhabi Government that was refinanced in March 2014.

The UAE’s dependence on oil is a significant long-term challenge. Low oil prices have prompted the UAE to cut expenditures, including on some social programs, but the UAE has sufficient assets in its sovereign investment funds to cover its deficits. The government reduced fuel subsidies in August 2015, and has announced plans to introduce excise and value-added taxes by January 1, 2018. The UAE's strategic plan for the next few years focuses on economic diversification, promoting the UAE as a global trade and tourism hub, developing industry, and creating more job opportunities for nationals through improved education and increased private sector employment.

Source : CIA

SUMMARY

Company Name : JOHNSON CONTROLS INTERNATIONAL LLC

Country of Origin : Dubai, United Arab Emirates

Legal Form : Limited Liability Company - LLC

Registration Date : 27^th December 1998

Commercial Registration Number : 52203, Dubai

Trade Licence Number : 509216

Chamber Membership Number : 52653

Issued Capital : UAE Dh 3,680,000

Paid up Capital : UAE Dh 3,680,000

Total Workforce : 40

Activities : Distributors, installers and maintainers of air conditioning equipment,

electrical appliances, fire fighting equipment, control systems, security

and surveillance equipment and refrigeration and cold storage

equipment

Financial Condition : Undetermined

Payments : No Complaints

COMPANY NAME

JOHNSON CONTROLS INTERNATIONAL LLC

ADDRESS

Registered & Physical Address

Building : API World Tower, Suite No. 1102 & 1103

Street : Sheikh Zayed Road

PO Box : 32459

Town : Dubai

Country : United Arab Emirates

Telephone : (971-4) 3317770 / 3099999 / 3326064 / 3099741

Facsimile : (971-4) 3312806 / 8816072

Mobile : (971-56) 3550101

Email : jcied@emirates.net.ae

Premises

Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Dubai.

Branch Offices

Location Description

· Office Annex, Level 3 Office premises

Burj Khalifa

Dubai

Tel: (971-4) 3217253

· API World Tower, Suite No. 1904 Office premises

Sheikh Zayed Road

Dubai

· API World Tower, 13^th Floor Office premises

Dubai

· Building No. 1, Mazyad Mall Office premises

79^th Street

Abu Dhabi

Tel: (971-2) 6197000

Fax: (971-2) 6197001

· Industrial Area No. 1 Warehouse premises

Plot No. B354

Al Quoz

Dubai

Tel: (971-4) 3817000

Fax: (971-4) 3477204

KEY PRINCIPALS

Name Nationality Position

· Khalfan Saeed Juma Al Kaabi Emirati Managing Director

· Lenin Desa - Operations Manager

LEGAL FORM & OWNERS

Date of Establishment : 27^th December 1998

Legal Form : Limited Liability Company - LLC

Commercial Reg. No. : 52203, Dubai

Trade Licence No. : 509216 (Expires 07/12/2018)

Chamber Member No. : 52653

Issued Capital : UAE Dh 3,680,000

Paid up Capital : UAE Dh 3,680,000

Name of Shareholder (s) Percentage

· Khalfan Saeed Juma Al Kaabi 51%

· Johnson Controls International Inc 49%

United States of America

OPERATIONS

Activities: Engaged in the import, distribution, installation and maintenance of air conditioning equipment, electrical appliances, fire fighting equipment, control systems, security and surveillance equipment and refrigeration and cold storage equipment.

Import Countries: Europe and GCC countries

Brand Names: AMERICAN DYNAMICS, ANSUL, CHEMGUARD, GRINNEL, ADT, EXACQ, DSC, KANTECH,

SENSORMATIC, SIMPLEX, TRUEVUE, TYCO, YORK, TEMPMASTER, SMARTFLEX, LUXAIRE,

HITACHI, COLEMAN, GUARDIAN, CHAMPION, METASYS, FRICK, PENN, RUSKIN, TITUS,

KRUEGER, LAU, SELKIRK, HART COOLEY, ENVIRO-TEC, TRION and ENVIRCO

Subject has a workforce of 40 employees.

FINANCIAL DATA

Companies registered in Dubai, United Arab Emirates are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Commercial Bank of Dubai

Baniyas Street

Deira

PO Box: 1709

Dubai

Tel: (971-4) 2227121 / 2253222

Fax: (971-4) 2220943 / 2254565

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

The subject and its shareholders/owners have been searched in the following databases; Office of Foreign Assets Control (OFAC), United Nations Security Council Sanctions, Australian Sanctions List, US Consolidated Sanctions List, EU Financial Sanctions List and UK Financial Sanctions List and nothing adverse could be found on the exact names listed within the report.

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	INR 63.50
UK Pound	1	INR 90.92
Euro	1	INR 79.07
UAE DH	1	INR 17.31

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.