MIRA
INFORM REPORT
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Report Date : |
14.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
HUSSAIN ABDUL REDHA ALI TRADING |
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Registered Office : |
Ruwi
District, PO Box 217, Jibroo 114 |
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Country : |
Oman |
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Date of Incorporation : |
02.02. 1983 |
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Com. Reg. No.: |
1151789 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject operates
with a General Trade Licence and is engaged in the Import and Distribution of
General Merchandise. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 10,000 |
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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : HUSSAIN ABDUL REDHA ALI TRADING
Country of Origin : Oman
Legal Form : Sole Proprietorship
Registration Date : 2nd February 1983
Commercial Registration Number : 1151789
Chamber Membership Number : 13131
Invested Capital : RO 50,000
Activities : Subject operates with a general trade licence
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 10,000
COMPANY NAME
HUSSAIN
ABDUL REDHA ALI TRADING
ADDRESS
Registered & Physical Address
Location : Ruwi
District
PO Box : 217
Town : Jibroo
114
Country : Oman
Telephone : (968) 24701209
Facsimile : (968) 24790452
KEY PRINCIPALS
Name Position
·
Hussain
Abdul Redha Ali Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 2nd
February 1983
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1151789
Chamber Member No. : 13131
Invested Capital
: RO 50,000
Mr Hussain Abdul Redha Ali is the sole proprietor of
the business.
OPERATIONS
Activities: Subject operates with a general trade
licence and is engaged in the import and distribution of general
merchandise.
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.
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. However, local
sources were unable to contact the subject directly to confirm the information
that is registered with the local authorities.
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%)