MIRA INFORM
REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
AL BARAHA AL SHAMILA TRADING &
CONTRACTING LLC |
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Registered Office : |
Villa No. 457, 18th
November Street, P O Box 38, Bareek Al Shati 103, Muscat |
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Country : |
Oman |
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Date of Incorporation : |
17.08.2010 |
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Com. Reg. No.: |
1/09336/1 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of minerals, aggregates, gravel, metals and safety shoes |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
SUMMARY
Company Name : AL BARAHA AL SHAMILA TRADING & CONTRACTING LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 17th August 2010
Commercial Registration Number : 1/09336/1
Chamber Membership Number : 12771
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 6
Activities : Distributors of minerals, aggregates, gravel, metals and safety shoes.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
COMPANY NAME
AL BARAHA AL
SHAMILA TRADING & CONTRACTING LLC
company ADDRESS
Registered & Physical Address
Building : Villa No. 457
Street : 18th November
Street
PO Box : 38, Bareek Al Shati 103
Town : Muscat
Country : Oman
Telephone : (968) 24494546
Facsimile : (968) 24493129
Mobile : (968) 93240746 / 99831415 /
95207668
Email : haqidwai@albaraha.net
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Muscat.
KEY PRINCIPALS
Name Nationality Position
·
Dr
Hayat Ahmed Haiqdwai Indian Managing Director
·
Mohamed
Islam Khan Indian Director
·
Mohamed
Khalid Khan Indian Director
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Mostafa
Bin Ali Bin Mukhtar Al Lawti Omani Director
LEGAL FORM & OWNERS
Date of Establishment : 17th
August 2010
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/09336/1
Chamber Member No. : 12771
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder (s)
·
Dr
Hayat Ahmed Haiqdwai
·
Mohamed
Islam Khan
·
Mohamed
Khalid Khan
·
Mostafa
Bin Ali Bin Mukhtar Al Lawti
OPERATIONS
Activities: Engaged in the import and distribution of
minerals, aggregates, gravel, metals and safety shoes.
Import
Countries: Europe and the
Far East.
Subject has a workforce
of 6 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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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
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.05 |
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UK Pound |
1 |
Rs.72.40 |
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Euro |
1 |
Rs.63.46 |
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.