MIRA
INFORM REPORT
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Report Date : |
8th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KHIMJI
KISHANDAS VISOOMAL |
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Registered Office : |
Muttrah Area, PO Box: 32, Muscat 113,
Sultanate of Oman |
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Country : |
Oman |
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Date of Incorporation : |
15.05.2000 |
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Com. Reg. No.: |
1/61697/8, Muscat |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Importer and Distributors of general foodstuff products, textiles and medicines. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$
150,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
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Company Name |
KHIMJI KISHANDAS VISOOMAL |
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Country of Origin |
Sultanate of Oman |
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Legal Form |
Sole Proprietorship |
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Registration Date |
15th May 2000 |
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Commercial Registration Number |
1/61697/8, Muscat |
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Membership Number |
4316 |
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Invested Capital |
RO 5,000 |
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Total Workforce |
16 |
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Line of Business |
Distributors of general foodstuff products, textiles and medicines. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
KHIMJI
KISHANDAS VISOOMAL
ADDRESS
Registered & Physical Address
Location : Muttrah Area
PO Box : 32
Town : Muscat 113
Country : Sultanate of
Oman
Telephone : (968-24) 712185
Facsimile : (968-24)
712185
Mobile : (968-99)
600448
Email : amul74@hotmail.com
Premises
Subject
operates from a small suite of offices and a warehouse that are owned and
located in the Central Business Area of Muscat.
Branch Office (s)
Subject has branch offices located in Qurum, Sohar and Musnad.
KEY PRINCIPALS
·
Khimji
Kishandas Visoomal Proprietor
·
Amit
Khimji Kishandas Visoomal General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 15th May 2000
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 1/61697/8, Muscat
Membership No. : 4316
Invested Capital : RO 5,000
Mr
Khimji Kishandas Visoomal is the sole proprietor of the business.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of general foodstuff products, textiles
and medicines.
Import
Countries :
France, Switzerland and Germany.
Operating
Trend : Steady
Subject
has a workforce of 16 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Riyal Omani (RO)
Year
Ending 31/12/04 : Year
Ending 31/12/05 :
Total Revenue RO 840,000 RO
965,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Bank
Dhofar Al Omani Al Fransi
Muttrah Business District
PO Box : 1507, Ruwi 112
Muscat
Tel : (968-24) 790466
Fax : (968-24) 797246
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Established
in 2000, subject is owned and managed by Mr Khimji Kishandas Visoomal who is
well respected in the local business community.
Local
sources report that payment obligations are met in a generally timely manner
and the operating history is clear. As such the company is deemed a fair trade
risk and the above credit figure is considered to be within subject’s financial
means.
Maximum
suggested credit figure: US$ 150,000
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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