MIRA INFORM
REPORT
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Report Date : |
07.01.2011 |
IDENTIFICATION DETAILS
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Name : |
NOUS TRADING & CONTRACTING LLC |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.02.1980 |
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Com. Reg. No.: |
48278 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Construction and Maintenance 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 : |
US$ 150,000 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 : NOUS TRADING & CONTRACTING LLC
Country of Origin :
Legal Form : Limited Liability Company – LLC
Registration Date : 10th February 1980
Commercial Registration Number : 48278
Issued Capital : RO 250,000
Paid up Capital : RO 250,000
Total Workforce : 150
Activities : Construction and maintenance contractors
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Tariq Al Bakri, Operations Manager
COMPANY NAME
NOUS TRADING & CONTRACTING LLC
company ADDRESS
Registered & Physical Address
Location :
PO Box : 270
Town : Sur 411
Country :
Telephone : (968) 25540355 / 25544388
Facsimile : (968) 25544355
Email : noustrad@omantel.net.om
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Sur.
KEY PRINCIPALS
Name Position
·
Hamad
Khamis Al Ghilani Managing
Director
·
Fahd
Hamad Khamis Al Ghilani Director
·
Mohamed
Hamad Khamis Al Ghilani Director
·
Tariq
Al Bakri Operations
Manager
LEGAL FORM & OWNERS
Date of Establishment : 10th
February 1980
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 48278
Issued Capital : RO 250,000
Paid up Capital : RO 250,000
Name of Shareholder
(s)
·
Hamad
Khamis Al Ghilani
·
Fahd
Hamad Khamis Al Ghilani
·
Mohamed
Hamad Khamis Al Ghilani
OPERATIONS
Activities: Engaged as construction and maintenance contactors.
Subject also acts as distributors of safety
equipment and clothing.
Operating Trend: Steady
Subject has a
workforce of 150 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 1,120,000 RO 1,500,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Tariq Al Bakri, Operations Manager
BANKERS
·
Alliance
Housing Bank
PO Box: 806
Sur
Tel: (968) 25542244
Fax: (968) 25542277
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.31 |
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1 |
Rs.70.26 |
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Euro |
1 |
Rs.59.56 |
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.