MIRA
INFORM REPORT
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Report Date : |
23rd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SAHIL AL GHUBRA TRADING |
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Registered Office : |
Al Harthy Complex, PO Box: 50, Muscat 118,
Sultanate of Oman |
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Country : |
Sultanate
of Oman |
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Date of Incorporation : |
02.12.1989 |
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Com. Reg. No.: |
1/28932/2 |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Engaged
in the import and distribution of building materials and construction
equipment. |
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 |
SAHIL AL GHUBRA TRADING |
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Country
of Origin |
Sultanate of Oman |
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Legal
Form |
Sole Proprietorship |
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Registration
Date |
2nd December 1989 |
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Commercial
Registration Number |
1/28932/2 |
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Invested
Capital |
RO 100,000 |
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Total
Workforce |
5 |
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Line
of Business |
Distributors of building materials and construction equipment. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
SAHIL AL
GHUBRA TRADING
ADDRESS
Registered & Physical Address
Location : Al Harthy
Complex
PO Box : 50
Town : Muscat 118
Country : Sultanate of
Oman
Telephone : (968-24) 812277
Facsimile : (968-24)
812277
Mobile : (968-99)
322012 / 348147
Premises
Subject
operates from a small suite of offices and a warehouse that are owned and located
in the Central Business Area of Muscat.
KEY PRINCIPALS
· Mansour Bin Malik Bin Salim Al
Harthy Proprietor
& General Manager
· Vijay Kumar Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 2nd December 1989
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 1/28932/2
Invested Capital : RO 100,000
Mr
Mansour Bin Malik Bin Salim Al Harthy is the sole proprietor of the business.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of building materials and construction equipment.
Import
Countries :
Europe and GCC countries.
Operating
Trend : Steady
Subject
has a workforce of 5 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 1,100,000 RO 1,380,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
National
Bank of Oman Limited (SAOG)
Muttrah Business District
PO Box : 751, Ruwi 112
Muscat
Tel :
(968-24) 708894 708630 / 708684
Fax : (968-24) 707781 / 703972
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Established
in 1989, subject is owned and managed by Mr Mansour Bin Malik Bin Salim Al
Harthy who is well respected in the local business community.
During
the course of this investigation nothing detrimental was uncovered regarding
subject’s operating history or the manner in which payments are fulfilled. As
such the business is considered to be a fair trade risk and the above credit
figure is deemed 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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