axiom global oil and gas trading dmcc d-u-n-s: 85-112 …

BUSINESS RATING REPORT

AXIOM GLOBAL OIL AND GAS TRADING DMCC D-U-N-S: 85-112-6954

Report Validity February 01, 2021

Pages 18

Date February 02, 2020

CRIF Gulf DWC LLC (Dun & Bradstreet)

15th floor, '48 Burj Gate', Downtown Burj Khalifa

P.O. Box 72478, Dubai,

United Arab Emirates

Tel: +971-4-4069900

Fax: +971-4-4069901

www.crif.com

https://mail.dnbsame.com/owa/redir.aspx?C=r53jGtcLFE-0Rj2Wz1xuxnObo63CONJI4_nb_xPggZV3BCogGVu6tHiMsIj2fVBdWqyoaeOR7Yc.&URL=http%3a%2f%2fwww.crif.com

BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA

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DISCLAIMER:

This material is confidential and proprietary to CRIF Gulf DWC LLC (Dun & Bradstreet) and

Axiom Global Oil And Gas Trading DMCC, hereinafter referred to as ‘Company’ or ‘Subject’, and

may not be copied or otherwise reproduced, repackaged, further transmitted, transferred,

disseminated, redistributed or resold, or stored for subsequent use for any such purpose, in

whole or in part, in any form or any manner or by any means whatsoever, by any person

without express authorization of CRIF Gulf DWC LLC (Dun & Bradstreet) (hereinafter referred to as

‘CRIF D&B’) or the General Counsel of CRIF D&B.

All information contained herein is obtained by CRIF D&B from sources believed by it to be accurate

and reliable. Although reasonable care has been taken to ensure that the information herein

is true, such information is provided ‘as is’ without any warranty of any kind and CRIF D&B, in

particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness

or completeness of any such information. All information contained herein must be construed solely

as statements of opinion and CRIF D&B shall not be liable for any loss incurred by users from any use

of this report or its contents.

CRIF D&B's information and opinion should not be the only criterion when making business

decisions on subject of report. Data in this report should be considered as an additional factor

together with others in order to reach a decision.

In the course of its work/survey, CRIF D&B may have received information from the “Subject

Company’’ being rated or graded, besides the fact that the report may also contain

data/information available in the public domain or that made available through secondary sources.

This report has been issued on the below date and supersedes any previous issued final or

draft version of this Business Rating Report.

Date: February 02, 2020


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Scope of the Report

History and legal background of the “Subject”

Understanding current operations

Management background

Industry Overview

Bankers information

Financial statement & analysis

D&B Rating

Information Sources

Information given in this report is compiled using the following sources:

Annual reports

Corporate communications

Information from website

Management discussion

Media articles

Methodology

Financial Information from the audited annual reports of the Company was studied and analyzed.

Required clarifications were sought from the concerned Company officials, wherever necessary.

Other value added information was obtained from the relevant publicly available sources.

Inputs about the “Company” were provided by Mr. Praveen Jaiswal, Managing Director of the

Company.


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TABLE OF CONTENTS

Company Details .......................................................................................................................... 5

D&B Risk Assessment ................................................................................................................... 5

Operations Synopsis..................................................................................................................... 9

Bankers ..................................................................................................................................... 11

Director and Executive Details .................................................................................................... 12

Purchase and Sales Details ......................................................................................................... 13

Major Customers and Suppliers .................................................................................................. 14

Other Operational Details .......................................................................................................... 15

EMPLOYEE STRENGTH ....................................................................................................................... 15

LOCATION.......................................................................................................................................... 15

INSURANCE ....................................................................................................................................... 15

AMENITIES/ FACILITIES ..................................................................................................................... 15

MEMBERSHIPS .................................................................................................................................. 15

The D&B Rating.......................................................................................................................... 16

Financial Ratios Glossary ............................................................................................................ 17

Confidentiality ........................................................................................................................... 18


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AXIOM GLOBAL OIL AND GAS TRADING DMCC D&B D-U-N-S: 85-112-6954

Company Details

TRADE STYLE : AXIOM GLOBAL

ADDRESS : Office No. 2108, HDS Tower,

Cluster F,

Jumeriah Lakes Towers, P.O. Box 117010

Dubai, United Arab Emirates

CHIEF EXECUTIVE : Mr. Praveen Jaiswal

TELEPHONE : (971) (4) (5148790)

: (971) (55) (7255150)

WEBPAGE : www.axiomglobaltrading.com

EMAIL : [email protected]

: [email protected]

EMPLOYEES (Total) : 06

D&B Risk Assessment

D&B's Rating consists of 2 parts, the financial strength and the composite appraisal/condition. Financial

Strength is an indication of the tangible net worth (that is, the shareholder's funds less any intangible assets).

The composite appraisal/condition is linked to the level of risk and is an overall evaluation of credit worthiness.

It takes into account the financial condition and several factors such as trade reference history, legal structure,

management experience and any adverse listings.

NB New Business

- Undetermined

1 2 3 4 -

This is a New Business which is less than 2 years old, hence the risk indicator is not provided.

NB-

Financial Strength

Risk Indicator

Risk Indicator

The Dun & Bradstreet rating of NB- indicates:

mailto:[email protected]

mailto:[email protected]


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REGISTRATION DETAILS

TRADE LICENSE NO : DMCC-673948

REGISTRATION NO : DMCC-164822

LICENSE EXPIRY DATE : April 15, 2021

LEGAL STRUCTURE : Free Zone Establishment with Limited Liability

REGISTERED : April 16, 2019

START DATE : April 16, 2019

CONTROL DATE : April 16, 2019

REGISTRATION BODY : Dubai Multi Commodities Centre, Dubai

CHAMBER OF COMMERCE NO : 100504246800003

REGISTERED OFFICE : Office No. 2108, HDS Tower,

Cluster F,

Jumeriah Lakes Towers,

Dubai, United Arab Emirates

SIC : 5171-0000; 5172-9900; 5172-9901; 5172-9902;

5172-0203; 5172-9905; 4213-9908.

LOB trading of oil and bunkering and service provider of

logistic and consultancy.

TAX REGISTRATION NO : 100504246800003

LEI NUMBER : 984500WC1BEC063A1460

CAPITAL DETAILS

AUTHORIZED CAPITAL : AED 50,000 as on April 16, 2019

ISSUED CAPITAL : AED 50,000 as on April 16, 2019

PAID-UP CAPITAL : AED 50,000 as on April 16, 2019

ORDINARY SHARES : 50 shares at par value AED 1,000


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SHAREHOLDING PATTERN

SR. No Name of the Shareholder Shareholding Pattern (in %)

1. Mr. Praveen Jaiswal, 100%

Total 100%

Current Investigation

On January 08, 2020, Mr. Praveen Jaiswal, Managing Director provided the relevant information.


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EXECUTIVE SUMMARY

Axiom Global Oil and Gas Trading DMCC was established on April 16, 2019 as Free Zone

Establishment with Limited Liability registered with Dubai Multi Commodities Centre

Authority, Dubai, United Arab Emirates (UAE).

The Company is engaged in trading of oil and bunkering and provides related logistics and

consultancy services.

The Company procures its entire requirements from India (100% of the purchase for FY

2019) and generates revenue from Singapore (40% of the revenue for FY 2019), Sri Lanka

(30%), and United Kingdom (30%).

Mr. Rohit Singh and Mr. Rupesh Mishra each have over 10 years of industry experience in

various designations both in UAE and India.

The management and control of the Company is vested with Mr. Praveen Jaiswal, Managing

Director. He has over 25 years of experience in the oil trading and bunkering in UAE and

India. Over his tenure, he won multiple awards from employers and published multiple

articles.

MISSION

The Company mission is to make long-term difference in our industry and earn the trust of our

partners and shareholders with our Motto as “our word is our bond”.

VISION

The Company’s vision is to be recognized as a Company & partner of choice in meeting the

requirements of refined petroleum products in Indian Sub-continent, Middle East and Far East

Markets by delivering on our promises, pioneering new opportunities and bringing value to the

industry, shareholders / stakeholders and community at large.

FUTURE PLANS

The Company’s future plans are as below:

To be market leader in Indian Bunkering sphere over a period of 5 years

Commence supplies of duty paid bunkers in Indian ports for coastal ships. For this purpose

an Indian entity has been registered in India and is in the process of getting necessary

approvals.

Registration with Director General of Shipping, India and commence supplies with Axiom

Global Bunker Delivery Note (BDN).


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On cargo trading front Axiom Global is in the process of registration with Oil Majors like

Aramco Trading, Shell, BAPCO, KPC, etc.

On Risk Management Vertical Axiom Global is in the process of registering as a Broker with

Nymex, ICE & SGX Exchanges for Hedging of Commodities

Operations Synopsis

The Company is engaged in trading of oil and bunkering and provides related logistics and consultancy services.

PRODUCTS

The Company is dealing in the following product categories:

Crude Oil

Refined Petroleum Products

Marine Fuel Oil

Gasoil

Naphtha

Bunker Trading & Broking

Ship Chartering

Base Oil & Chemicals

Consulting on Fuel Oil Blending

The table below exhibits the product wise breakdown of revenue for FY 2019:

Product/ Division Sector Related Industry of the

product

Percentage of total

revenue

Bunkering & Oil Gas Trading Oil & Gas Industries 81%

Logistics & Consultancy Trading Oil & Gas Industries 19%

SIC CODES

5171-0000;

Petroleum bulk stations and terminals

5172-9900;

Petroleum products, nec

5172-9901;

Crude oil

5172-9902;

Fuel oil


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5172-0203;

Gasoline

5172-9905;

Petroleum brokers

4213-9908;

Liquid petroleum transport, non-local


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Bankers

Banking relations are maintained principally with:-

NAME BANK OF BARODA

BRANCH Bur Dubai Branch

ADDRESS P.O. Box 3162, Bur Dubai, Dubai, UAE

IBAN AE760110090010200029487

TYPE OF FACILITIES Current Account

TELEPHONE (971)(4)(3136666)

NAME ABU DHABI COMMERCIAL BANK

BRANCH Jumeriah Lakes Towers Branch

ADDRESS Jumeriah Lakes Towers , Dubai, UAE

IBAN AE620030011399507820001


TELEPHONE (971)(4)(6024214)

NAME MASHREQ BANK

BRANCH Burjman Branch

ADDRESS Mashreq Bank, Burjman Business Banking, P.O.Box. 500287Burjuman,

Dubai, UAE

IBAN AE960330000019100419165 (AED)

AE690330000019100419166 (USD)

ACCOUNT NUMBER 019100419165 (AED)

019100419166 (USD)

SWIFT CODE BOMLAEAD


TELEPHONE (971)(4)(5168842)


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Director and Executive Details

Name Mr. Praveen Jaiswal

Passport No Z3167876

Nationality Indian

Year of Birth 1968

Current Title Managing Director

Qualification Master of Business Administration and Diploma in Shipping

Active in Daily Operation Yes

Email [email protected]

Employment History

Name of The Company Al Iraqia Shipping Services & Oil Trading

Position Held Director – Bunkering (AISSOT)

Period July 2017 to May 2019

Name of The Company Gulf Petrol Supplies (GPS, Bunker)

Position Held General Manager – Trading & Operations

Period April 2015 to July 2017

Name of the Company Chemoil Adani Private Limited (a JV of Glencore Plc & Adani Group)

Position Held General Manager – Head Trading Operations

Period March 2012 – March 2015

Name of the Company IndianOil Skytanking Limited (JV of IOCL & Marquard & Bahls Group, Germany)

Position Held Operations Head

Period January 2011 – March 2012

Name of the Company Lanka IOC PLC, Sri Lanka (100% Subsidiary of IOCL)

Position Held Vice President – Operations & HR

Period July 2006 – January 2010

Name of the Company Indian Oil Corporation Limited

Position Held Various Positions

Period October 1993 – June 2006


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KEY EMPLOYEES

Name Designation Educational

Qualification

Joined the

Company

Rohit Kumar Singh Sr. Trading Manager Bachelor of Chemical Engineering

2019

Rupesh Kumar Mishra Risk Manager and Credit

Control Manager Master of Business Administration

2019

Sanjeev Kumar Operation Manager B.Sc. Botany 2019

Purchase and Sales Details

PURCHASES INTERNATIONAL : 100%

PURCHASE FROM

India : 100%

IMPORT TERMS

Cash : 75%

Open Account : 25% 30 Days

SALES

INTERNATIONAL : 100%

SALES TO

Singapore : 40%

Sri Lanka : 30%

United Kingdom : 30%

EXPORT TERMS

Open Account : 100% 30 Days


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Major Customers and Suppliers

CUSTOMERS DETAILS The Company has a portfolio of 6 customers. Few of the customer details are provided below:

Sr. No.

Customers Country % Share in Total Sales

1. Wold Fuel Services (Singapore) Pte Ltd USA/Singapore 34.5%

2. Sima Marine India Pvt Ltd India 34.2%

3. Integr8 Fuels Inc UK/Singapore 9.3%

4. BMS United Bunkers Ltd Greece 3%

5. Glander International Bunkering DMCC Denmark 1.1%

6. WSC Shipping Pte Ltd Singapore 1%

SUPPLIER DETAILS

The Company has a portfolio of 3 Suppliers. Few of the Suppliers details are provided below:

Sr.

No. Suppliers Country

% Share in Total

Purchases

1. Indian Oil Corporation Limited India 70%

2. Bharat Petroleum Corporation Limited

India 15%

3. Hindustan Petroleum Corporation Limited

India 10%

4. Others 5%


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Other Operational Details

EMPLOYEE STRENGTH

EMPLOYEE(s) - CURRENT EMPLOYEE(s) - PREVIOUS

Total Employees : 06 as at 2020 Total Employees : 06 as at 2019

LOCATION

Particulars Location Operated As Rented/Owned/

Leased

Area (in

sq. m.)

Registered and

Head Office

Office No. 2108, HDS Tower,

Cluster F, JLT,

Dubai, UAE

Head Office Rented 71

MAILING ADDRESS Office No. 2108, HDS Tower, Cluster F, Jumeirah Lakes Towers, P. O. Box 117010,

Dubai, UAE

INSURANCE

UNION INSURANCE

AMENITIES/ FACILITIES

Cars : 1

Computers : 7

Offices : 1

Rooms : 1

Machines : 1

Long term Time Charter Bunker Barges : 2 (MT Ocean Breeze and MT. Mars stationed and operated

at Kochi Port, India)

MEMBERSHIPS

Particulars Location

International Bunker Industry

Association Membership No. 2374

BIMCO Associate Member


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The D&B Rating

D&B Rating - The D&B rating consists of two parts, the Financial Strength Indicator and the Risk Indicator. For example: in the case of a 2A4 rating, 2A means the financial strength of the business and the 4 is the risk indicator. The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. Created from expert rules systems, the Risk Indicator is refreshed whenever data is loaded onto our databases. The Financial Strength Indicator is based on either the Net Worth or Issued Capital. The table below contains the possible values.

Net worth / Issued Capital (in USD)

Rating based on Net worth (in USD)

Rating based on Issued capital (in USD)

0 – 15,000 H HH

15,000 – 35,000 G GG

35,000 – 60,000 F FF

60,000 – 120,000 E EE

120,000 - 175,000 D DD

175,000 – 345,000 C CC

345,000 – 600,000 B BB

600,000 – 1.2 million A AA

1.2 million – 2.5 million 1A 1AA

2.5 million – 12 million 2A 2AA

12 million – 25 million 3A 3AA

25 million – 60 million 4A 4AA

60 million and above 5A 5AA

Risk Indicator Condition Guide to Interpretation

1 Excellent Proceed with transaction – offer extended terms

2 Good Proceed with transaction

3 Fair Proceed with transaction but monitor

4 Poor Take suitable assurances before extending credit

-

Insufficient information to assign a risk indicator

No public information or D&B proprietary information available to indicate trading activity


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Financial Ratios Glossary

Key Business Ratios are used to identify irregularities in the status and future potential of a company.

Name Formula Explanation

Gross profit margin (%) Gross profit/revenue Gross profit margin measures how much of every dollar of revenue is left over after paying cost of goods sold (COGS).

Operating profit margin (%)

EBITDA/revenue The ratio measures the overall operating efficiency. It incorporates all the operating expenses incurred due to the business activity.

Net profit Margin (%) Net profit before extraordinary items/Revenue

The ratio states the amount of net income after all expenses are settled generated by the company in relative to a dollar of sale.

Return on Equity (%) Net profit before extraordinary items/Total equity

The ratio measures the return generated on per dollar invested by the equity holders

Return on Capital Employed (%)

EBIT/capital employed The ratio indicates the profitability and efficiency of a company's capital investments.

Return on fixed assets (%)

Net profit before extraordinary items/Fixed Assets

The ratio indicates the return generated per dollar of fixed assets

Return on Total Assets (%)

Net profit before extraordinary items/Total Assets

The ratio indicates the return generated per dollar of total assets

Current ratio (times) Current assets/current liabilities The ratio measures the ability to settle short-term obligations if they fall due.

Quick ratio (times) (Current assets-inventory-prepayments)/current liabilities

The ratio measures the ability to settle short term obligations if they fall due with their most liquid assets

Long term debt equity ratio (times)

Total long-term liabilities/equity The ratio measures the extent the net worth of the entity can offset the long term interest bearing obligations

Total Debt to Equity Ratio (Times)

Total debt/equity The ratio measures the extent the net worth of the entity can offset the long and short term interest bearing obligations

Net Debt to Equity (Times) or Net Gearing

(Total liabilities- cash & cash equivalents)/equity

The ratio measures the financial leverage of the entity and indicates the proportion of equity and debt used to finance its assets

Interest coverage ratio (times)

EBIT/interest The ratio measures the entity's ability to cover its interest obligations

Collection period (days) (Average Receivables/revenue)*365 The ratio measures the number of days it takes to recover sales proceeds

Payment period (days) (Average Payables/Cost of Sales)*365 The ratio measures the number of days it takes to make payments for the purchases

Inventory days (Average Inventory/Cost of Sales)*365 The ratio measures the number of days the inventory is stored before it is sold

Operating Cash flow margin

Net Cash from operations/Sales The ratio indicates how efficiently the company converts its sales to cash.


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Confidentiality

CURRENCY: All amounts in this report are in local currency unless otherwise stated.

This report is forwarded to AXIOM GLOBAL OIL AND GAS TRADING DMCC in strict confidence for the use by AXIOM GLOBAL OIL AND GAS TRADING DMCC as one factor to consider in connection with credit and other business decisions. This report contains information compiled from information which CRIF D&B does not control and which has not been verified unless otherwise indicated in this report. CRIF D&B therefore cannot accept responsibility for the accuracy, completeness or timeliness of the report. CRIF D&B disclaims all liability for any loss or damage arising out of or in any way related to the contents of this report. This material is confidential and proprietary to CRIF D&B and/or third parties and may not be reproduced, published or disclosed to others without the express authorization of CRIF D&B or the General Counsel of CRIF D&B.

-- End of Report –

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