MIRA INFORM REPORT

 

 

Report Date :           

14.12.2011

 

IDENTIFICATION DETAILS

 

Name :

DORCE PREFABRICATED BUILDING & CONSTRUCTION INDUSTRY

 

 

Registered Office :

 Azaiba Area, P O Box 2123, Muscat 112

 

 

Country :

Oman

 

 

Date of Incorporation :

21.06.2011

 

 

Com. Reg. No.:

1/11337/6

 

 

Legal Form :

Branch of a Foreign Registered Corporation

 

 

Line of Business :

Distributors of prefabricated buildings

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Maximum Credit Limit :

US$ 20,000

 

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Oman

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : DORCE PREFABRICATED BUILDING & CONSTRUCTION

INDUSTRY

Country of Origin                                    : Turkey

Legal Form                                            : Branch of a Foreign Registered Corporation

Registration Date                                   : 21st June 2011

Commercial Registration Number            : 1/11337/6

Chamber Membership Number                : 633

Total Workforce                                     : Distributors of prefabricated buildings.

Activities                                               : 5

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 20,000

 

 

 

COMPANY NAME

 

DORCE PREFABRICATED BUILDING & CONSTRUCTION INDUSTRY

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Azaiba Area

PO Box             : 2123

Town                 : Muscat 112

Country             : Oman

Mobile               : (968) 92756628

 

Premises

Subject operates from a small suite of offices that are rented and located in the Industrial Area of Muscat.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       L Paravish                                                                                        General Manager

 

·       Dolou Nair                                                                                        Assistant General Manager

 

·       Rashad Dorok                                                                                   Administration Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 21st June 2011

 

Legal Form                  : Subject is the Oman registered branch of Dorce Prefabricated Building & Construction

  Industry (Turkey), a company incorporated in Turkey.

 

  Dorce Prefabricated Building & Construction Industry in Oman, operates as a Branch of a Foreign Registered Corporation with its registered office located at the following address:

 

  Dorce Prefabricated Building & Construction Industry (Turkey)

  Ankara

  Turkey

  Tel: (90-312) 4728210

  Fax: (90-312) 4728018

 

  A Branch of a Foreign Registered Corporation is not a legal entity in its own

  right. Responsibility for payments lays in the hands of the company where it is

  originally registered.

 

  Under these circumstances, we strongly advise that any international trade

  credit should only be written under the name of the main company where the

  subject holds its registered office, in this case Turkey.

 

Commercial Reg. No.  : 1/11337/6

 

Chamber Member No. : 633

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of prefabricated buildings.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 5 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

 

·       National Bank of Oman Limited (SAOG)

Muttrah Business District

PO Box: 751, Ruwi 112

Muscat

Tel: (968) 24708894 / 24708630 / 24708684

Fax: (968) 24707781 / 24703972

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

 

GENERAL COMMENTS

 

Any credit amount that is to be offered to this company should be written under the name of “Dorce Prefabricated Building & Construction Industry (Turkey)” and directed to the companies head office address in Turkey.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.40

UK Pound

1

Rs.83.32

Euro

1

Rs.70.44

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.