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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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 2 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 3 of 18
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.
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 4 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 5 of 18
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]
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:
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 6 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 7 of 18
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.
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 8 of 18
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).
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 9 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 10 of 18
5172-0203;
Gasoline
5172-9905;
Petroleum brokers
4213-9908;
Liquid petroleum transport, non-local
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 11 of 18
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
TYPE OF FACILITIES Current Account
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
TYPE OF FACILITIES Current Account
TELEPHONE (971)(4)(5168842)
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 12 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 13 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 14 of 18
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%
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 15 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 16 of 18
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
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 17 of 18
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.
BUSINESS RATING REPORT AXIOM GLOBAL OIL AND GAS TRADING DMCC GROWING RELATIONSHIP THROUGH DATA
Page 18 of 18
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 –