MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
MOHAMMED ABDULLAH AHMED AL BADWAWI TRADING |
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Registered Office : |
Central Market, PO Box : 987, Mawaleh 121, Sultanate of Oman. |
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Country : |
Sultanate
of Oman |
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Date of Incorporation : |
05.12.1994 |
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Com. Reg. No.: |
3/16237/0 |
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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 |
MOHAMMED ABDULLAH AHMED AL BADWAWI 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 |
5th December 1994 |
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Commercial
Registration Number |
3/16237/0 |
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Membership
Number |
17223 |
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Invested
Capital |
RO 50,000 |
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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
MOHAMMED
ABDULLAH AHMED AL BADWAWI TRADING
ADDRESS
Registered & Physical Address
Location : Central
Market
PO Box : 987
Town : Mawaleh 121
Country : Sultanate of
Oman
Telephone : (968-24) 540203
Facsimile : (968-24)
540203
Mobile : (968-99)
265664
Premises
Subject
operates from a small suite of offices and a showroom that are owned and
located in the Central Business Area of Mawaleh.
KEY PRINCIPALS
· Mohammed Abdullah Ahmed Al
Badwawi Proprietor &
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 5th December 1994
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 3/16237/0
Membership No. : 17223
Invested Capital : RO 50,000
Mr
Mohammed Abdullah Ahmed Al Badwawi 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 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 610,000 RO
655,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
· Commercial Bank of Oman SAOG
Rami
Plaza
PO Box :
4696
Muscat
Tel :
(968-24) 793220
Fax :
(968-24) 793229
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Established
in 1994, subject is owned and managed by Mr Mohammed Abdullah Ahmed Al Badwawi
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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