MIRA INFORM REPORT
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Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
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Name : |
MUSCAT PROJECTS & ENVIRONMENTAL SERVICES
LLC |
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Registered Office : |
Al Fahal Street, P
O Box 162, Qurum 102 |
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Country : |
Oman |
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Date of Incorporation : |
16.02.2010 |
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Com. Reg. No.: |
1/08350/2 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of water treatment products and sewage equipment. |
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No. of Employees
: |
45 persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 40,000 |
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Status : |
Small Company |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 : MUSCAT PROJECTS & ENVIRONMENTAL SERVICES LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 16th February 2010
Commercial Registration Number : 1/08350/2
Chamber Membership Number : 11858
Issued Capital : RO 180,000
Paid up Capital : RO 180,000
Total Workforce : 45
Activities : Distributors of water treatment products and sewage equipment.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 40,000
COMPANY NAME
MUSCAT PROJECTS & ENVIRONMENTAL SERVICES
LLC
company ADDRESS
Registered &
Physical Address
Location : Al Fahal Street
PO Box : 162
Town : Qurum 102
Country : Oman
Telephone : (968) 24591884
Facsimile : (968) 24591885
Email : mesllc@mpesllc.com / mesllc@omantel.net.om
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Qurum.
KEY PRINCIPALS
Name Nationality Position
·
Badr Al
Waheibi Omani Managing
Director
·
Badr
Eddine Mohieddine Indian Director
·
Marouf
Radi - Project
Manager
·
Sanal
Parasad - Finance
Manager
·
Mona Al
Tarashi - Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 16th
February 2010
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/08350/2
Chamber Member No. : 11858
Issued Capital : RO 180,000
Paid up Capital : RO 180,000
Name of
Shareholder (s)
·
Badr Al
Waheibi
·
Badr
Eddine Mohieddine
AFFILIATED COMPANIES
·
Buildex
International LLC
Muscat
OPERATIONS
Activities: Engaged in the import and distribution of
water treatment products and sewage equipment. Subject is also engaged as
construction and maintenance contractors for water treatment plants.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 45 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
·
Bank of
Muscat
Al Burj Street
Greater Muttrah
PO Box: 6326, Ruwi
Muscat
Tel: (968) 24701769
Fax: (968) 24796488
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.
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
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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 |
|
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 |
|
<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.