Executive Summary ry MID IDGARD Oil il Hub LLC FZC Trading Pla latform (UAE) Sep September 20 2019 19, Rev. 1.3 1.3
Executive Summary „Trading Platform “ Table of Content 1 | Starting Position & Objective 2 | Brief Synopsis on History and Vision of MIDGARD Oil Hub LLC FZC 3 | Key Parameters on Project 4 | Next Steps MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 2
In Search of Funding for Trading Platform Project Starting Position & Objective Starting Point Objective • • As UAE is geopolitically the perfect location to build MIDGARD Holdings Ltd ., a company incorporated under the laws of Mauritius (Reg.No.: 115750, FSC License No.: and operate a trading platform. C213020001) holds a 90% participating interest in • Upon request MIDGARD Oil Hub LLC FZC has been MIDGARD Oil Hub LLC FZC , a company incorporated found as a new established company; despite the under the laws of Fujairah – UAE (Reg. No. 19-FZC-1912), close links to the tank staorage and waste oil refinery through Mr. Thierry Catherine. project, it was found as a separate entity with own • MIDGARD Oil Hub LLC FZC (MOH) owns a petroleum license. products (Oil & Gas) trading license (license No. 4133), • MIDGARD Oil Hub LLC FZC intends to become a which entitles the company to act as an international principal & global player in the very near future. trader. • The principals have the according experience and • Our suppliers will be coming mainly from the Gulf Region network in the indusry to set-up and run such a and Russia, whilst their supplies will be exited to our project professionally. clients in Asia and Africa. • A brief synopsis on the key parameters of project is • MIDGARD Holdings Ltd. as well as MIDGARD Oil Hub LLC shown on the following pages FZC are free of any loans and up to now have ( Executive Summary ). been fully funded by its shareholders. MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 3
Fujairah is the perfect Location Fujairah is the basis for MOH LLC FZC Why Fujairah? Fujairah is the best location for MIDGARD Oil Hub LLC FZC as it serves the elements for successful trading operations: • geopolitical location with short distances to the oil producers • Fujairah is the world´s #2 bunkering hub • Fujairah is a tax free zone MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 4
Start-up Trading Company shall become a reputable Player Brief Synopsis on History and Vision In April 2019, MIDGARD Oil Hub LLC FZC has been formed as a private company based on shares incorporated in the Fujairah Free Zone (Registration No. 19-FZC-1912; License No. 4133), with its principal office registered in Fujairah (UAE). The main activity of MIDGARD Oil Hub LLC FZC is the trading of crude oil and petroleum products . While MIDGARD Oil Hub LLC FZC may (at the present time) be a junior company in the context of its physical presence , under the guidance of its first class trading personnel (who have a vast knowledge of the industry and who are extremely respected by their peers), MIDGARD Oil Hub LLC FZC is challenging its operations to become a reputable trading company and considerable player in the market within the next years . Through its extensive network of contacts that spans the globe, MIDGARD Oil Hub LLC FZC has been able to align itself with the right corporate entities (who not only share in its vision) but to the overall objective of developing a First Class Trading Company . In addition, MIDGARD Oil Hub LLC FZC has a vast network of connections in the industry on which it can immediately draw resources either to recruit the right expert to be posted on a long-term assignment or to be assigned duties on a consultancy basis. Through its connections and vast knowledge of the oil & gas industry, MIDGARD Oil Hub LLC FZC can access to the most adequate and proper services in due time necessary to ongoing operations . MIDGARD Oil Hub LLC FZC will succeed, because it has a strong knowledge base that is characterized by professionals who bring with them a wealth of experience from their chosen and specialized fields. Couple the latter with a balanced and open minded approach to innovative ideas and new technologies and an indefatigable drive for success , and one has the makings of an Trading Company that will (in no time) place its own stamp in the industry . MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 5
Commercial License and Certificate of Incorporation MIDGARD Oil Hub LLC FZC Mr. Thierry M.F.G. Catherine holds presently 90% of the shares for and on behalf of MIDGARD Holdings Ltd. (Mauritius), 10% are held by a local sponsor (Mr. Obaid R.H.K. Alyammahi) MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 6
Share Certificate MIDGARD Oil Hub LLC FZC MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 7
Bank Account with Abu Dhabi Islamic Bank MIDGARD Oil Hub LLC FZC MIDGARD OIL HUB LLC FZC has opened an account with Abu Dhabi Islamic Bank (ADIB) branch in Fujairah (UAE). Beneficiary Name: MIDGARD OIL HUB LLC FZC AED current account : 18927469 IBAN : AE980500000000018927469 USD current account : 18927470 IBAN : AE710500000000018927470 Mr. Thierry M.F.G. Catherine, CEO of MIDGARD OIL HUB LLC FZC, is signatory to the account. MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 8
UAE is the perfect location for such project Background Information • UAE is the best location for MIDAGRD Oil Hub LLC FZC as it serves the elements for successful trading operations (bunkering and waste oil refining supports the trading operations in best way): geopolitical location with short distances to the oil producers Fujairah is the world´s #2 largest bunkering hub (#1 Singapore, #3 Rotterdam) with more than 12 million m³ of bunkering capacities (+ petrochemcial storage) Fujairah is a tax free zone excellent market opportunities (domestic markets in UAE / Middle East + huge demand from African and Asian countries) International Banking Structures • Aside from crude oil the petroleum products traded are Gasoline, Gasoil, Fuel Oil, Bitumen • Potential partners/stakeholders for trades are as follows: Suppliers / Sellers (National Oil Corporations, Refineries, etc.), such as ADNOC, SOMO, Saudi Aramco Exit buyers (Governments, Traders, Refineries, Endusers, etc.), target market Asia - including China and Japan - and Africa (governmental oil corporations) Africa, local supply to companies like GPS Chemoil, Mabanaft, Aegean, ILFS Network partners (other traders like Trafigura, AOT Energy. bankers, etc.) • the he BC model is based on assumptions for quantities, margins and growth . MIDGARD Holdings Ltd. / MIDGARD Oil Hub LLC FZC June 2019 9
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