MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MEHMOOD
SABEEL ALI AL RAISI TRADING |
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Registered Office : |
Souq Al Mawaleh, PO Box: 552, Muscat 113,
Sultanate of Oman. |
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Country : |
Sultanate
of Oman |
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Date of Incorporation : |
20.05.2001 |
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Com. Reg. No.: |
1/20173/5 |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Engaged
in the wholesale and retail of fruit and vegetables. |
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 |
MEHMOOD SABEEL ALI AL RAISI 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 |
20th May 2001 |
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Commercial
Registration Number |
1/20173/5 |
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Membership
Number |
45011 |
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Invested
Capital |
RO 75,000 |
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Total
Workforce |
5 |
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Line
of Business |
Wholesalers and retailers of fruit and vegetables. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
MEHMOOD
SABEEL ALI AL RAISI TRADING
ADDRESS
Registered & Physical Address
Location : Souq Al
Mawaleh
PO Box : 552
Town : Muscat 113
Country : Sultanate of
Oman
Telephone : (968-24) 739959
Facsimile : (968-24)
817443
Premises
Subject
operates from a small suite of offices and a showroom that are rented and
located in the Central Business Area of Muscat.
KEY PRINCIPALS
· Mehmood Sabeel Ali Al Raisi Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 20th May 2001
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 1/20173/5
Membership No. : 45011
Invested Capital : RO 75,000
Mr
Mehmood Sabeel Ali Al Raisi is the sole proprietor of the business.
LINE OF BUSINESS
Operations
: Engaged in the
wholesale and retail of fruit and vegetables.
Import
Countries :
Europe and the Far East.
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 520,000 RO
570,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
National
Bank of Oman Limited
Ruwi Branch
PO Box : 3752
Muscat
Tel : (968-24) 708898
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 involved in the wholesale and retail of fruit and
vegetables.
According
to local sources, subject’s financial condition is satisfactory whilst payments
are made in a timely manner. The company’s operating history is reportedly
clear 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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