MIRA INFORM REPORT

Report Date :

11.07.2011

IDENTIFICATION DETAILS

Name :	AL INTAJ SULPHOCHEMICAL INDUSTRIES CO. LLC (CORRECT)

Registered Office :	Sadiq House, Mezzanine Floor, Road No 7, Sohar Industrial Estate, Plot No 113, near Sultan Qaboos Mosque, P.O. Box 3, Sohar 327

Country :	Oman

Date of Incorporation :	02.11.1994

Com. Reg. No.:	1/45693/8

Legal Form :	Limited Liability Company

Line of Business :	Manufacturers of sulpho chemicals and Linear Alkyl Benezene Sulphonic Acid

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	RO 150,000
Status :	Moderate
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Oman

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

Company NAME

Al Intaj Sulphochemical Industries Co. LLC (Correct)

AL INTAJ SULPHOCHEMICAL IND. CO. L.L.C. (Requested)

company ADDRESS

Building : Sadiq House, Mezzanine Floor

Street : Road No 7

Area : Sohar Industrial Estate, Plot No 113, near Sultan Qaboos Mosque

P.O. Box : 3

Town : Sohar 327

Country : Oman, Sultanate of

Telephone : (968) 2675 0943 / 2675 1488

Fax : (968) 2675 1539 / 2675 1848

E-Mail : intajsul@omantel.net.om / info@alintaj.com / ahmed@alintaj.com / rizwan@alintaj.com

Website : www.alintaj.com

Also known as : Al Intaj Sulphochemical Ind. Co. L.L.C.

SENIOR COMPANY PERSONNEL

Name Position

1. Hassan Ali Jawad Salman Al Lawati Chairman

2. Ali Abdul Hussain Juma Al Lawati Managing Director

3. Mehdi Jawad Salman Al Lawati Director

4. Hussain Ali Jawad Salman Al Lawati Director

5. Juma Al Hussain Juma Al Lawati Director

6. Rizwan Ali Shaikh General Manager

7. Ahmed Mushtaq Accountant

Total Employees : 34

PAYMENTS

No complaints have been heard regarding payments from local suppliers or banks.

We consider it is acceptable to deal with subject for MEDIUM amounts.

Opinion on maximum credit : RO 150,000

Trade risk assessment : Normal

PRINCIPAL BANKERS

NAME : OMAN ARAB BANK

Branch : Main branch, Al Markazi Street, Muttrah Business District

PO Box : 2010 Ruwi 112

Town : Muscat

Telephone: (968) 2470 6265 / 2470 1060

Fax : (968) 2479 7736 / 2470 1091

The company has also an account with :

National Bank of Oman (SAOG)

Main branch

PO Box 751 Ruwi 112

Muscat

Telephone : (968) 2470 8894

Fax : (968) 2470 3972

FINANCIAL INFORMATION

Private companies in Oman are not required to publish or disclose balance sheets. However, the subject interviewed offered

the following information :

Sales Turnover : RO 7,509,101 - 2010 – exact

Net Profit : not given

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 2 November 1994

History : The subject company was established on 2 November 1994 and started commercial production in 1996.

C.R. No. : 1/45693/8 (issued date: 20 December 1994, expiry date: 19 December 2010, to be renewed)

Chamber of Commerce Membership No.: 808 (issued on: 7 January 1995, expiry date: 6 January 2012)

Authorised Capital : RO 500,000

Paid-Up Capital : RO 500,000

Limited Liability Company with the following shareholders :

1. Hassan Ali Jawad Salman Al Lawati

2. Ali Abdul Hussain Juma Al Lawati

3. Mehdi Jawad Salman Al Lawati

4. Hussain Ali Jawad Salman Al Lawati

5. Juma Al Hussain Juma Al Lawati

All of the above are Omani nationals.

Affiliated company of Al Intaj Sulphochemical Industries Co. LLC :

Associate

Sallan Industries Investment LLC

Industrial Area Street

Sohar Industrial Area

PO Box 3

Sohar 327

Telephone: (968) 2675 0339 / 2675 1554 / Mobiles (968) 9920 7558 / (968) 9937 7946 / (968) 9933 1794

Fax : (968) 2675 0334 / 2675 1539

E-Mail : sohar.industries@hotmail.com

ACTIVITIES

The Company is involved in the following activities :

Manufacturers of sulpho chemicals and Linear Alkyl Benezene Sulphonic Acid (“LABSA”, aka Soft Slurry acid) which is a main raw material used for the formation of washing powder, detergent powder, detergent cake, liquid soap, cleaning powder, scouring bar, oil soaps etc.

NACE Code: 2059 / 2041

Total Production Capacity 20,000 Metric Tonnes

Subject is ISO 9001-2008 accredited.

Imports from India, Qatar and Egypt.

Exports to Middle East and GCC countries, mainly UAE.

FACILITIES

The Company has the following facilities :

Leased premises comprising administrative offices and medium-sized factory and integrated storage facilities located at the heading address.

SPECIAL NOTE

You enquired on: AL INTAJ SULPHOCHEMICAL IND. CO. L.L.C. Please note that subject is also known by this name. Subject correct name is as per heading.

Interviewed: Ahmed Mushtaq (Accountant)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.33
UK Pound	1	Rs.70.74
Euro	1	Rs.63.65

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%)

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