MIRA
INFORM REPORT
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Report Date : |
04.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL ESTEWA TRADING EST |
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Registered Office : |
Industrial Area, PO Box
1879, Salalah 211 |
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Country : |
Sultanate of Oman |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
07.07.1992 |
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Com. Reg. No.: |
2069857 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Distributor of Hydraulic
Pipes and 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 ESTEWA TRADING EST
Country of Origin : Sultanate of Oman
Legal Form : Sole Proprietorship
Registration Date : 7th July 1992
Commercial Registration Number : 2069857
Membership Number : 4792
Invested Capital : RO 40,000
Total Workforce : 5
Line of Business :
Import and distribution of hydraulic pipes and
equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL ESTEWA TRADING EST
ADDRESS
Registered & Physical Address
Location : Industrial Area
PO Box : 1879
Town : Salalah 211
Country : Sultanate of
Oman
Telephone : (968) 23211875
Facsimile : (968) 23211875
Mobile : (968) 99485748
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Salalah.
KEY PRINCIPALS
· Naser
Sayed Ali Gedad Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of
Establishment : 7th
July 1992
Legal Form : Mouassasa Khassa
(Sole Proprietorship)
Commercial Reg.
No. : 2069857
Membership No. : 4792
Invested Capital : RO 40,000
Mr Naser Sayed Ali Gedad is the sole
proprietor of the business.
LINE OF BUSINESS
Operations : Engaged in the import and distribution of hydraulic pipes and equipment.
Import Countries : India, China and the United Kingdom.
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 31/12/06: Year Ending 31/12/07:
Total Revenue RO
1,180,000 RO
1,250,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Bank Dhofar Al Omani Al Fransi
Mutrah Business
District
PO Box : 1507,
Ruwi 112
Muscat
Tel: (968)
24790466
Fax: (968)
24797246
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. |
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%)