MIRA
INFORM REPORT
|
Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HUSSAIN FADHIL & PARTNERS |
|
|
|
|
Registered Office : |
Ruwi Street, PO
Box 792 & 980, Al Khuwair 113 |
|
|
|
|
Country : |
Oman |
|
|
|
|
Date of Incorporation : |
08.06.2004 |
|
|
|
|
Com. Reg. No.: |
1758497 |
|
|
|
|
Legal Form : |
Limited Liability Company – LLC |
|
|
|
|
Line of Business : |
Subject operates
with a General Trade Licence and is engaged in the Import and Distribution of
General Merchandise. |
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$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : HUSSAIN FADHIL & PARTNERS
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 8th June 2004
Commercial Registration Number : 1758497
Chamber Membership Number : 6737
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 3
Activities : Subject operates with a general trade licence
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
HUSSAIN FADHIL
& PARTNERS
ADDRESS
Registered & Physical Address
Location : Ruwi Street
PO Box : 792 & 980
Town : Al Khuwair 113
Country : Oman
Telephone : (968) 24486051
Facsimile : (968) 24486448
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Al Khuwair.
KEY PRINCIPALS
Name Position
·
Hussain
Mohamed Hassan Fadhil Managing
Director
·
Ms
Majda Hassan Abdul Redi Director
LEGAL FORM & OWNERS
Date of Establishment : 8th
June 2004
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1758497
Chamber Member No. : 6737
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Name of Shareholder (s)
·
Hussain
Mohamed Hassan Fadhil
·
Ms
Majda Hassan Abdul Redi
OPERATIONS
Activities: Subject operates with a general trade
licence and is engaged in the import and distribution of general
merchandise.
Subject has a
workforce of 3 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
·
Bank Muscat
SAOG
Al Khuwair Street
PO Box 6326
Muscat
Tel: (968) 24602274
Fax: (968) 24698300
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.43 |
|
UK Pound |
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.65.91 |
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. |
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%)