MIRA INFORM
REPORT
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Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
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Name : |
RAWAFEED MUSCAT NATIONAL LLC |
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Registered Office : |
Industrial Area No. 4, Mabela Area, P O Box 765, Seeb 121 |
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Country : |
Oman |
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Date of Incorporation : |
28.07.2008 |
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Com. Reg. No.: |
1/05170/0 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of building materials and electrical products |
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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Oman |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : RAWAFEED MUSCAT NATIONAL LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 28th July 2008
Commercial Registration Number : 1/05170/0
Chamber Membership Number : 8980/2
Issued Capital : RO 51,000
Paid up Capital : RO 51,000
Total Workforce : 6
Activities : Distributors of building materials and electrical products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Babu Kalora, Commercial Manager
COMPANY NAME
RAWAFEED MUSCAT NATIONAL LLC
company ADDRESS
Registered & Physical Address
Location : Industrial Area No. 4, Mabela Area
PO Box : 765
Town : Seeb 121
Country : Oman
Telephone : (968) 24421010 / 24450004
Facsimile : (968) 24425757
Mobile : (968) 99439991
Email : babuklora@gmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central Business
Area of Seeb.
KEY PRINCIPALS
Name Position
·
Yousef Sulaiman Saif Al Amari Managing
Director
·
Mahfouz Yousef Abdullah Al Qasabi Director
·
Babu Kalora Commercial
Manager
·
Mohamed
Hassan Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 28th
July 2008
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/05170/0
Chamber Member No. : 8980/2
Issued Capital : RO 51,000
Paid up Capital : RO 51,000
Name of Shareholder
(s)
·
Yousef Sulaiman Saif Al Amari
·
Mahfouz Yousef Abdullah Al Qasabi
AFFILIATED COMPANIES
·
Coimdatare Ayurdeic Centre
PO Box: 765
Seeb 121
Tel: (968)
24421010
OPERATIONS
Activities: Engaged in the import and
distribution of building materials and electrical products.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 6 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
·
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
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
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|
1 |
Rs.73.44 |
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Euro |
1 |
Rs.64.81 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.