MIRA
INFORM REPORT
|
Report Date : |
13.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
BAHWAN TRADING
COMPANY LLC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Sultanate of |
|
|
|
|
Date of Incorporation : |
15th July 1995 |
|
|
|
|
Com. Reg. No.: |
1/91857 |
|
|
|
|
Legal Form : |
Limited Liability Company – LLC |
|
|
|
|
Line of Business : |
Provides technology and engineering
services for the development of core sectors such as Telecoms and
Broadcasting, Oil & Gas, Petrochemicals, Power, Water, and Defense. Distributor and retailer of
branded air conditioning systems. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 2,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : BAHWAN TRADING COMPANY LLC
Country of Origin :
Sultanate of
Legal Form : Limited Liability Company - LLC
Registration Date : 15th July 1995
Commercial Registration Number : 1/91857
Membership Number : 839
Issued Capital : RO 1,000,000
Paid up Capital : RO 1,000,000
Total Workforce : 2,000
Line of Business : Operations are performed through subject’s
divisions (see below for details).
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
BAHWAN TRADING
COMPANY LLC
ADDRESS
Registered & Physical Address
Building :
Area : Ruwi
PO Box : 169 & 2
Town :
Country : Sultanate of
Telephone : (968-24) 793750
/ 24793741
Facsimile : (968-24) 796158
Email : info@suhailbahwangroup.com
Premises
Subject operates from
a large suite of offices that are owned and located in the Central Business
Area of Muscat.
KEY PRINCIPALS
·
Sheikh Suhail Salem Abdullah Bahwan Managing
Director
·
Sheikh Ahmed Suhail Salem Abdullah
Bahwan Director
·
Amal Suhail Salem Abdullah Bahwan Director
·
Thoraya
Suhail
·
Huda Suhail
Salem Abdullah Bahwan Director
·
Noura Suhail
·
Gayda Suhail
·
Zubaida
Suhail
·
Fatima Suhail
Salem Abdullah Bahwan Director
·
Avid Alex Dsouza General
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 15th
July 1995
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (Limited Liability Company – LLC)
Commercial Reg. No. : 1/91857
Membership No. : 839
Issued Capital : RO 1,000,000
Paid up Capital : RO 1,000,000
Name of Shareholder
(s)
·
Sheikh Suhail Salem Abdullah Bahwan
·
Sheikh Ahmed Suhail Salem Abdullah
Bahwan
·
Amal Suhail
·
Thoraya
Suhail
·
Huda Suhail
Salem Abdullah Bahwan
·
Noura Suhail
·
Gayda Suhail
·
Zubaida
Suhail
·
Fatima Suhail
Salem Abdullah Bahwan
Non Omani Participation
The participation of non-Omani nationals in a trade or business
in
Note to the Legal Form The Limited Liability Company (LLC), or private company, is the form of business entity usually chosen by foreign investors. It may be formed by a minimum of 2 and a maximum of 30 natural or legal persons, whose liability is limited to their shares in the company’s capital. The minimum capital of a Limited Liability Company with foreign ownership should be RO 150,000, although this may be reduced to a minimum of RO 30,000 with the approval of the Minister of Commerce and Industry. For a company wholly owned by Omani nationals, the minimum capital is RO 10,000.
Contributions to capital may be made in cash of kind. Capital may not be increased by public subscription. The full amount of the share value must be paid in on subscription. Shares may not be assigned to a non-member, unless the other existing members are granted a pre-emptive right to purchase the shares.
AFFILIATED COMPANIES
Subject is a member of the well known Suhail & Saud Bahwan group of
companies that comprises the following concerns:
·
Al
Gaddag Engineering LLC
PO Box : 168
Tel : (968-24) 712470
·
PO Box : 169
Tel : (968-24) 797581
Fax : (968-24) 797169
·
Al Qurum District
PO Box: 3168 / 703, Ruwi 112
Tel: (968-24) 700983 / 793741 / 561377
Fax: (968-24) 793755
·
Amiantit
PO Box : 1417
Seeb
Tel : (968-25 626600
·
Arab
Merchants Co LLC
PO Box : 6228
Tel : (968-24) 701221
·
Arabian
Car Marketing Co LLC
PO Box : 169
Tel : (968-24) 793741
Fax : (968-24) 796158
·
Arabian
Caravans Furnishing & Trading Co LLC
PO Box : 169
Tel : (968-24) 797596
Fax : (968-24) 562089
·
Auto
Parts Centre LLC
PO Box : 2619
Tel : (968-24) 564308
Fax: (968-24) 564309
·
Automobile
Automotive Centre
PO Box : 6168
Tel : (968-24) 561377
Fax : (968-24) 561631
·
Bahwan
Contracting Company LLC
PO Box : 4098
Tel : (968-24) 591092
Fax : (968-24) 591098
·
Bahwan
Foods (Khalijana) Co LLC
PO Box : 3711
Tel : (968-24) 592492
·
Bahwan
Travel Agencies LLC
PO Box : 282
Tel : (968-24) 740455
Fax : (968-24) 700483
·
Bahwan
Engineering Co LLC (BEC)
Bahwan Centre
Sultan
Al Ghoubra , Ruwi
PO Box : 703
Tel : (968) 24597510
Fax : (968) 24597511
·
Delta
Ltd
PO Box : 4537
Tel : (968-24) 708483
·
Ebin
Rushed Pharmacy Co LLC
PO Box : 169
Tel : (968-24) 701557
Fax : (968-24) 701547
·
International
Equipment & Contracting Co LLC
PO Box : 169
Tel : (968-24) 714482
Fax : (968-24) 793755
·
National
Crushers
PO Box : 961
Tel : (968-24) 591461
·
Rent-A-Car
LLC
PO Box : 282
Tel : (968-24) 561427
Fax : (968-24) 700483
·
Utmost
Building Materials Co LLC
Al
Deira
PO Box : 55014
Tel : (971-4) 3553883
Fax : (971-4) 3553776
·
Gulf
Mercantile Trading
Al
Deira
PO Box : 55014
Tel : (971-4) 3553883
Fax : (971-4) 3553776
·
Mercantile
Information & Telecommunication Technology Est (MITTE)
PO Box : 41175
Tel : (971-2) 6458909
Fax : (971-2) 6458907
·
Al
Mutawah Trading Co LLC
Al
Sultan
Al Ghobra
PO Box : 17, Muttrah 114
Tel : (968-24) 591871 / 591872 / 591521
Fax : (968-24) 592370
·
Al
Omaniya Automobile Marketing LLC
PO Box : 2619
Seeb
Tel : (968-25) 560925
Fax : (968-25) 564309
·
Arabian
Engineering Services LLC
PO Box : 6000
Tel : (968-24) 561377
Fax : (968-24) 561631
·
Bilad (
PO Box : 42006
Rusayl
Tel : (968-24) 626001
Fax : (968-24) 591098
·
Electronics
Company LLC
PO Box : 8111
Muttrah
Tel : (968-24) 793741
Fax : (968-24) 796158
·
Inma
Company
PO Box : 3760
Tel : (968-24) 562100
Fax : (968-24) 562039
·
Port
Services Corp SAOG
PO Box : 133
Tel : (968-24) 714001
Fax : (968-24) 714007
·
Qurum
Contractors LLC
PO Box : 7003
Tel : (968-24) 562720
·
Sogex
PO Box : 4739
Tel : (968-24) 563055
Fax : (968-24) 564608
LINE OF BUSINESS
Operations : Subject’s activities are performed through
the following divisions:
· Bahwan
Projects & Telecoms
Bahwan
Projects & Telecoms provides technology and engineering services for the development
of core sectors such as Telecoms and Broadcasting, Oil & Gas,
Petrochemicals, Power, Water, and Defence.
The
division’s primary function is the promotion of infrastructure and industrial
projects in
· Bahwan Electronics
Bahwan
Electronics is a major distributor and retailer of branded air conditioning
systems (splits, window and central air conditioning) for light commercial and
domestic application, as well as a wide range of electronic products and
household appliances, including Laptop computers, Mobile telephones,
Calculators, Cash registers, Homeware, Cameras, Watches and clocks, Electronic
music instruments, Luggage, and Attendance recording systems.
Import Countries
:
Brand Names : TOSHIBA, IGNIS, TEMPSTAR,
COOLINE, DOLPHIN, TITAN, DOMETIC, SEIKO, SONY ERICSSON, NAPRO,
Subject has a
workforce of approximately 2,000 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in
BANKERS
·
Oman
Arab Bank
Head Office
Muttrah Business District
PO Box : 2010, Ruwi 112
Tel: (968) 24700161 / 24706265
/ 24706267
Fax: (968) 24797736
·
Oman
International Bank
PO Box : 4216
Tel : (968) 703614 / 707328 /
793450
·
HSBC
Bank
Muttrah Business District
PO Box : 240, Ruwi 112
Tel : (968) 24700810 / 24799920 / 24799927
Fax : (968) 24704241
·
Bank
Dhofar Al Omani Al Fransi
PO Box : 4507, Ruwi
Tel : (968) 24798012 / 798013
Fax : (968) 24798015
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000
Bahwan Trading
Company LLC is a leading concern in
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
company 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$ 2,000,000
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)