MIRA
INFORM REPORT
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Report Date : |
1st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ABDULLAH KHALFAN BIN SALEM AL MUSELHI TRADING |
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Registered Office : |
Al Bahlaa Area, PO Box : 702, Muscat 112, Sultanate of Oman |
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Country : |
Sultanate
of Oman |
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Date of Incorporation : |
13.01.2001 |
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Com. Reg. No.: |
5115850 |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Importer
and Distributor of glass and aluminium shutters and
rollers. |
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 |
ABDULLAH KHALFAN BIN SALEM AL MUSELHI 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 |
13th January 2001 |
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Commercial
Registration Number |
5115850 |
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Membership
Number |
6215 |
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Invested
Capital |
RO 5,000 |
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Total
Workforce |
10 |
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Line
of Business |
Distributors of glass and aluminium shutters and rollers. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
ABDULLAH
KHALFAN BIN SALEM AL MUSELHI TRADING
ADDRESS
Registered & Physical Address
Location : Al Bahlaa
Area
PO Box : 702
Town : Muscat 112
Country : Sultanate of
Oman
Telephone : (968-25) 431034
Facsimile : (968-25)
431034
Mobile : (968-99)
320513
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Central Business Area of Muscat.
KEY PRINCIPALS
· Abdullah Khalfan Bin Salem Al
Muselhi Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 13th January 2001
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 5115850
Membership No. : 6515
Invested Capital : RO 5,000
Mr
Abdullah Khalfan Bin Salem Al Muselhi is the sole proprietor of the business.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of glass and aluminium shutters and
rollers.
Import
Countries :
Europe and GCC countries.
Operating
Trend : Steady
Subject
has a workforce of 10 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 550,000 RO
610,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Bank
Dhofar Al Omani Al Fransi
Muttrah Business District
PO Box : 1507
Ruwi
Muscat 112
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 2001, subject is owned and managed by Mr Abdullah Khalfan Bin Salem Al
Muselhi 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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