MIRA
INFORM REPORT
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Report Date : |
16.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
AL
NOOR INTERNATIONAL |
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Registered Office : |
Building No. 979, Complex 230, Way No.
3014, Al Shatti Qurum, Al Khuwair, P. O. Box 470, Jibroo 114 |
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Country : |
Sultanate of Oman |
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Date of Incorporation : |
26th
March 2005 |
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Com. Reg. No.: |
1784218 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale
and retail of crystal, key chains, gifts and promotional products. |
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$
75,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : AL NOOR INTERNATIONAL
Country of Origin : Sultanate of Oman
Legal Form : Sole Proprietorship
Registration Date : 26th March 2005
Commercial Registration Number : 1784218
Membership Number : 5171
Invested Capital : RO 100,000
Total Workforce : 6
Line of Business : Wholesalers and retailers of crystal, key chains, gifts and
promotional products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
AL NOOR
INTERNATIONAL
ADDRESS
Registered & Physical
Address
Building : Building No.
979, Complex 230
Street : Way No. 3014
Area : Al Shatti
Qurum, Al Khuwair
PO Box : 470
Town : Jibroo 114
Country : Sultanate of
Oman
Telephone : (968-24) 692144
Facsimile : (968-24)
692667
Mobile : (968-99)
319492 / 333390
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Central Business Area of Jibroo.
KEY PRINCIPALS
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Rahma
Ahmed Mohamed Al Besloushi Proprietor
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Adul
Sattar Yacoub Al Hashmi General
Manager
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Amjad
Siddique Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 26th March 2005
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 1784218
Membership No. : 5171
Invested Capital : RO 100,000
Ms Rahma
Ahmed Mohamed Al Besloushi is the sole proprietor of the business.
LINE OF BUSINESS
Operations
: Engaged in the
wholesale and retail of crystal, key chains, gifts and promotional products.
Import
Countries :
Europe and GCC countries.
Subject
has a workforce of 6 employees.
FINANCIAL HIGHLIGHTS
Subject
is a newly formed business and as a result financial information is not
currently available.
BANKERS
·
Bank
of Muscat
Mina Business District
PO Box : 8881
Jibroo
Tel : (968-24) 711353
Fax : (968-24) 713239
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Investigations
undertaken in Jibroo did not reveal any sign of payment defaults or delays
during initial trading stages, and subject is believed to meet its payment
obligations in a timely manner, nevertheless, and in view of the company’s
infancy and the lack of a more consistent payment and financial record, a
measure of caution is advisable and a close monitoring of subject’s business
development is recommended.
Maximum
suggested credit figure: US$ 75,000
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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