MIRA
INFORM REPORT
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Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
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Name : |
RAWABI BOSHER TRADING & CONSTRUCTION ESTABLISHMENT LLC |
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Registered Office : |
Rawabi Bosher Building Main Street Al Ghubra Area, Azaiba PO Box 236 PC
130 Azaiba |
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Country : |
Oman |
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Date of Incorporation : |
17.06.2001 |
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Com. Reg. No.: |
1022369 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Building and construction contractors. |
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 : |
RO 70,000 |
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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 – 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 |
Company name
Rawabi Bosher
Trading & Construction Establishment LLC (Correct)
RAWABI BOSHAR TRAD
AND CONTRS LLC (Requested)
ADDRESS
Building : Rawabi Bosher Building
Street : Main Street
Area : Al Ghubra Area, Azaiba
PO Box : 236 PC 130
Town : Azaiba
Country : Oman
Telephone: (968) 2449 2861 / Mobile (968) 9936 6208
Fax : (968) 2449 2730
Email : rawabi-bosher@yahoo.com
SENIOR COMPANY PERSONNEL
Name Position
1. Mohammed Hilal Al Khalili
Managing Director
2. Kotian Ratnakar General Manager
Total Employees : 150
PAYMENTS
No complaints have been heard regarding payments from local suppliers or
banks.
We consider it is acceptable to deal with subject for MEDIUM amounts
Opinion on maximum credit : RO 70,000
Trade risk assessment: Normal
PRINCIPAL BANKERS
NAME : BANK MUSCAT (SOAG)
Branch : Main Branch
P.O. Box : 134, Ruwi 112
Town : Muscat
Telephone: (968) 2476 8888
Fax : (968) 2478 5572
FINANCIAL INFORMATION
Private companies in Oman are not required to publish or disclose
balance sheets. However, the subject interviewed offered the following
information :
Sales Turnover : RO
3,000,000 - 2009 – approx
: RO
3,500,000 – 2010 - approx
Net Profit : not
given
Financial year ends 31 December.
LEGAL STATUS AND HISTORY
Date Started : 17 June 2001
C.R. No. : 1022369 (expired on 16 June 2011, to be renewed)
Chamber of Commerce Membership No.: 7098 (issued on 13 May 2007,
expiry date : 12 May 2012).
Authorised Capital : RO 100,000
Paid-Up Capital : RO 100,000
Limited Liability Company with the following shareholders :
1. Mohammed Hilal Al Khalili
(Omani national)
2. Other members of Mohammed Hilal Al Khalili family.
The exact shareholding percentage was not disclosed
ACTIVITIES
The Company is involved in the following activities :
Building and construction contractors.
Importers, retailers and distributors of building and construction
materials.
NACE Code : 4120 / 4110 / 4613
Imports from Europe, Dubai (UAE) and Asia.
The company does not export, all sales are domestic.
FACILITIES
The Company has the following facilities :
Rented premises comprising administrative offices and a showroom with
storage facilities located at the heading address as well as a showroom in
Sinaw.
SPECIAL NOTE
You enquired on: RAWABI BOSHAR TRAD AND CONTRS LLC. Please note that
subject's correct registered name is as per heading.
Interviewed: Kotian Ratnakar (General Manager).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.87 |
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1 |
Rs.75.14 |
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Euro |
1 |
Rs.66.68 |
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.