MIRA INFORM REPORT

 

 

Report Date :

07.01.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

HASHIM AL HASSAN AL JAMALI

 

 

Registered Office :

Al Imran Street, Street No. 77, Ghala Industrial Area, P O Box 57, Madinat Qaboos 115, 1538, Ruwi 112, Muscat

 

 

Country :

Oman

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

14.06.1976

 

 

Com. Reg. No.:

1/03197/6

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Providers of transportation solutions

 

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$ 75,000

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

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                                     : HASHIM AL HASSAN AL JAMALI TRANSPORT EST

Country of Origin                                    : Oman

Legal Form                                            : Sole Proprietorship

Registration Date                                   : 14th June 1976

Commercial Registration Number            : 1/03197/6

Invested Capital                                     : RO 150,000

Total Workforce                                     : 50

Activities                                               : Providers of transportation solutions

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 75,000

Person Interviewed                                 : Ahmed Shalaby, Finance Manager

 

COMPANY NAME

 

HASHIM AL HASSAN AL JAMALI TRANSPORT EST

 

 

company ADDRESS

 

Registered & Physical Address

Street               : Al Imran Street, Street No. 77

Area                 : Ghala Industrial Area

PO Box             : 57, Madinat Qaboos 115

                          1538, Ruwi 112

Town                 : Muscat

Country             : Oman

Telephone         : (968) 24503702 / 24503703

Facsimile          : (968) 24503704

Email                : hhjco@hhjco.com

 

Premises

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

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Hashim Al Hassan Al Jamali                                                              Proprietor & General Manager

 

·       Abdulrazzaq Hashim Juma                                                                 Assistant General Manager

 

·       Ahmed Shalaby                                                                                Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 14th June 1976

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.  : 1/03197/6

 

Invested Capital           : RO 150,000

 

Mr. Hashim Al Hassan Al Jamali is the sole proprietor of the business.

 

 

AFFILIATED COMPANIES

 

·       Hisham Al Jamali Co LLC

Muscat

 

·       Al Jamali Crusher LLC

Muscat

 

·       Hisham Hassan Al Jamali Contracting

Muscat

 

 

OPERATIONS

 

Activities:  Engaged in the provision of transportation solutions, including general haulage, Portacabins, container hauling, pipe haulage, crane hire, heavy equipments hire, cement bulker / clinker, project cargo and heavy lift cargo.

 

Subject is ISO 9001 – 2000 accredited.

 

Operating Trend: Steady

 

Subject has a workforce of 50 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Riyal Omani (RO)

 

                                                Year Ending 31/12/08:                Year Ending 31/12/09:

 

Total Sales                                RO 725,000                               RO 800,000

 

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

 

The above figures were provided by Mr Ahmed Shalaby, Finance Manager

 

 

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

 

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the company is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.31

UK Pound

1

Rs.70.26

Euro

1

Rs.59.56

 

 

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.