MIRA
INFORM REPORT
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Report Date : |
11.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HABIB DAWOOD HABIB |
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Registered Office : |
Al Wadi Al Kabir, |
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Country : |
Sultanate of |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1st April
1988 |
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Com. Reg. No.: |
1/02526/0 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import and distribution of auto spare parts |
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
Company Name : HABIB DAWOOD HABIB
Country of Origin : Sultanate
of
Legal Form :
Sole Proprietorship
Registration Date :
1st April 1988
Commercial
Registration Number : 1/02526/0
Membership Number : 1668
Invested Capital : RO 126,000
Total Workforce : 16
Line of Business : Import and distribution of auto spare parts
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
HABIB DAWOOD HABIB
ADDRESS
Registered & Physical Address
Location : Al Wadi Al Kabir
PO Box : 627
Town :
Country : Sultanate of
Telephone : (968) 24815343 / 24812899
Facsimile : (968) 24810425
Email : hdhspare@omantel.net.om
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
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Sajjad
Hussain Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1st
April 1988
Legal Form :
Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 1/02526/0
Membership No. : 1668
Invested Capital : RO 126,000
Mr Sajjad Hussain is the sole proprietor of the business. Mr Sajjad Hussain is an Indian businessman who operates
in
LINE OF BUSINESS
Operations : Engaged in the import and distribution of auto spare parts,
specialising in American brands.
Import Countries
:
Operating Trend
: Steady
Subject has a
workforce of 16 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Riyal
Omani (RO)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue RO 1,175,000 RO 1,310,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Bank
Melli
PO Box : 2643, Ruwi 112
Tel: (968) 24701579
Fax: (968) 24793017
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
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
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)