MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL NEBRAS INTERNATIONAL SERVICES & CATERING CO LLC |
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Registered Office : |
Qara
Street, PO Box 509 & 107, Seeb 121 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
28.04.2001 |
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Com. Reg. No.: |
1673084 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Provision of Catering Services as well as the Supply of
Catering Equipment |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL NEBRAS INTERNATIONAL SERVICES & CATERING CO LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 28th April 2001
Commercial Registration Number : 1673084
Chamber Membership Number : 3875
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 20
Activities : Provision of catering services as well as the supply of catering equipment
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
AL NEBRAS
INTERNATIONAL SERVICES & CATERING CO LLC
ADDRESS
Registered & Physical Address
Location : Qara
Street
PO Box : 509 & 107
Town : Seeb 121
Country : Oman
Telephone : (968) 24590405
/ 24590186
Facsimile : (968) 24590688
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Seeb.
KEY PRINCIPALS
Name Position
·
Abdullah
Khamas Masoud Al Sulaimani Managing
Director
·
Shuaib
Khamas Masoud Al Sulaimani Director
LEGAL FORM & OWNERS
Date of Establishment : 28th
April 2001
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1673084
Chamber Member No. : 3875
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Name of Shareholder (s)
·
Abdullah
Khamas Masoud Al Sulaimani
·
Shuaib
Khamas Masoud Al Sulaimani
OPERATIONS
Activities: Engaged in the provision of catering services
as well as the supply of catering equipment.
Import
Countries: United Kingdom,
Italy and India.
Operating Trend: Steady
Subject has a
workforce of 20 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Riyal
Omani (RO)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales RO 2,300,000 RO 2,750,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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The Commercial Bank of Oman SAOG
Muttrah Business District
PO Box 1696, Ruwi 112
Muscat
Tel: (968) 24793225 / 24793226 /
24793228
Fax: (968) 24793229
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
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
within subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.54 |
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UK Pound |
1 |
Rs.84.86 |
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Euro |
1 |
Rs.66.95 |
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. |
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%)