MIRA INFORM REPORT

 

 

Report Date :

22.12.2011

 

IDENTIFICATION DETAILS

 

Name :

AL HAJIRY INTERNATIONAL LLC

 

 

Registered Office :

Industrial Area, Al Wadi Kabir 117 PO Box 582 Muscat

 

 

Country :

Oman

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

19.06.1990

 

 

Com. Reg. No.:

1/29970/0

 

 

Legal Form :

Limited Liability Company – LLC

 

 

Line of Business :

Distributors of general foodstuff products and baby care products.

 

 

No. of Employees :

65

 

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

 

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 30, 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                                     : AL HAJIRY INTERNATIONAL LLC

Country of Origin                                    : Oman

Legal Form                                            : Limited Liability Company – LLC

Registration Date                                   : 19th June 1990

Commercial Registration Number            : 1/29970/0

Chamber Membership Number                : 1322

Issued Capital                                        : RO 250,000

Paid up Capital                                      : RO 250,000

Total Workforce                                     : 65

Activities                                               : Distributors of general foodstuff products and baby care products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 150,000

 

COMPANY NAME

 

AL HAJIRY INTERNATIONAL LLC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Industrial Area, Al Wadi Kabir 117

 

PO Box             : 582

 

Town                 : Muscat

Country             : Oman

 

Telephone         : (968) 24817573

Facsimile          : (968) 24817530

Mobile               : (968) 92840220

Email                : kurien.george@alhajiry.com / alhajiry@omantel.net.om

 

Premises

 

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

 

Branch Offices

 

Subject has branch offices located in Bidaya, Nizwa, Ibri, Al Kamil and Salalah.

 

 

KEY PRINCIPALS

 

     Name                                                                       Nationality                     Position

 

·       Sheikh Nasser Khamis Juma Al Hashar                      Omani                           Managing Director

 

·       Sheikh Ali Khamis Juma Al Hashar                             Omani                           Director

 

·       Sam Varghese                                                          Indian                            General Manager

 

·       Johnson Mathew                                                            -                              Finance Manager

 

·       Kurien George                                                                -                              Commercial Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 19th June 1990

 

Legal Form                  : Limited Liability Company – LLC

 

Commercial Reg. No.  : 1/29970/0

 

Chamber Member No. : 1322

 

Issued Capital              : RO 250,000

 

Paid up Capital            : RO 250,000

 

Name of Shareholder (s)

 

·       Sheikh Nasser Khamis Juma Al Hashar

 

·       Sheikh Ali Khamis Juma Al Hashar

 

 

AFFILIATED COMPANIES

 

·       Al Hajiry Trading Co LLC

Al Wadi Kabir 117

Muscat

Tel: (968) 24817573

Fax: (968) 24817530

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of general foodstuff products and baby care products.

 

Import Countries: Europe and the Far East.

 

Brand Names: MILMA, DOST, DREAMYS, GOLDA, ELITE, PRIYOM and SAFI

 

Operating Trend: Steady

 

Subject has a workforce of 65 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Riyal Omani (RO)

 

                                                Year Ending 31/12/09:                Year Ending 31/12/10:

 

Total Sales                                RO 2,800,000                            RO 3,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local 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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.67

UK Pound

1

Rs.82.53

Euro

1

Rs.69.13

 

 

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.