MIRA
INFORM REPORT
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Report Date : |
07.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIMRAN MUSCAT LLC |
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Registered Office : |
Al
Qurum Area, PO Box 955, Ruwi 112 |
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Country : |
Oman |
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Date of Incorporation : |
07.10. 2006 |
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Com. Reg. No.: |
1006432, Muscat |
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Legal Form : |
Limited Liability
Company – LLC |
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Line of Business : |
Import and
Distribution Perfumes and Fragrances, Building Construction, Event Management
and Tourism Services. |
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 : SIMRAN MUSCAT LLC
Also Known As : SIMRAN INTERNATIONAL LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 7th October 2006
Commercial Registration Number : 1006432, Muscat
Chamber Membership Number : 6251
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 120
Activities : Import and distribution perfumes & fragrances, building construction, event management and tourism services.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
SIMRAN
MUSCAT LLC
ALSO KNOWN AS
SIMRAN
INTERNATIONAL LLC
ADDRESS
Registered & Physical Address
Location : Al Qurum
Area
PO Box : 955
Town : Ruwi 112
Country : Oman
Telephone : (968) 24817747 / 24485702
Facsimile : (968) 24482333 / 24817377
Mobile : (968) 95221786
Email : info@simranintl.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Suburban Business Area of Ruwi.
KEY PRINCIPALS
Name Position
·
Ishak
Jilani Managing
Director
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Simran
Ishak Jilani Director
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Asaad
Bin Tariq Bin Taymour Director
LEGAL FORM & OWNERS
Date of Establishment : 7th
October 2006
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1006432,
Muscat
Chamber Member No. : 6251
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder (s)
·
Ishak
Jilani
·
Simran
Ishak Jilani
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Asaad
Bin Tariq Bin Taymour
OPERATIONS
Activities: Subject is engaged in the import and
distribution perfumes & fragrances, building construction, event
management and tourism
services.
Subject has a
workforce of approximately 120 employees.
FINANCIAL DATA
Companies registered
in Oman are not legally required to make their accounts public and no financial
information was released by the company or submitted by outside sources.
BANKERS
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Bank Muscat
SAOG
Ruwi Main Branch
PO Box: 6326
Muscat
Tel: (968) 24561399 / 24708543
Fax: (968) 24561036
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.
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%)