MIRA INFORM REPORT

 

 

Report Date :           

13.07.2011

 

IDENTIFICATION DETAILS

 

Name :

GREENFLOW INTERNATIONAL LLC

 

 

Registered Office :

Al Tamir Street, Mawalah Area, P.O.Box No. 762, Seeb 132, Muscat

 

 

Country :

Oman

 

 

Date of Incorporation :

06.02.2010

 

 

Com. Reg. No.:

1/08360/5

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers, Wholesalers and Distributors of food commodities mainly as rice and food grains

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

US DLRS 150,000

Status :

Small Company 

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 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Oman

a2

a2

 

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 

 

Greenflow International LLC (Correct)

Green Flow International LLC (Requested)

 

 

Company ADDRESS

 

Street                           : Al Tamir Street

Area                             : Mawalah Area

P.O.Box No.                  : 762, Seeb 132

Town                             : Muscat

Country                         : Oman

Telephone                     : Mobiles (968) 9737 7586 (Tarik Ahmed) / (968) 9220 9827 (Mushtaque Hussain Khan)

E-Mail                           : gflow.intl@yahoo.com

 

Also known as :             Green Flow International LLC

 

Arabic Translation :        Al Tadafoq Al Akhdhar Al Dowalia

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                                        Position

 

1. Ali Bin Shaikh Al Harthy                                 Managing Director

 

2. Manther Bin Khalid Al Ghafri                           Director

 

3. Salem Bin Abdullah Bin Salem Al Ruwais   Director

 

4. Tarik Ahmed                                                  Business Development

                                                                        Manager

 

5. Mushtaque Hussain Khan                                           Marketing Manager

 

Total Employees : 12

 

 

PAYMENTS

 

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

 

Subject is a relatively newly established company incorporated on 6 February 2010.

 

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

 

Opinion on maximum credit : RO 5,000

 

Trade risk assessment: Above Average

 

Opinion on the credit figure of US DLRS 150,000 / 90 days :

 

We consider the above figure to be beyond the Company's financial

capabilities and recommend dealing on fully secured terms.

 

 

PRINCIPAL BANKERS

 

NAME               : OMAN ARAB BANK

Branch              : Main branch

Street                           : 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

 

 

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 60,000 – 2010 - approx

 

Net Profit                       : not given

 

* First year of operations. Period from February till December.

 

Financial year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started : 6 February 2010

 

C.R. No. : 1/08360/5 (expiry date: 5 February 2015)

 

Authorised Capital : RO 30,000

 

Paid-Up Capital : RO 30,000

 

Limited Liability Company with the following shareholders :

 

1. Ali Bin Shaikh Al Harthy

  (Omani national)

 

2. Manther Bin Khalid Al Ghafri

  (Omani national)

 

3. Salem Bin Abdullah Bin Salem Al Ruwais

  (Omani national)

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers, wholesalers and distributors of food commodities mainly as rice and food grains.

 

NACE Code: 4621 / 4619

 

Products include:

 

- Basmati Rice

- Sella Rice

- Steam Rice

- Golden Rice

- Pusa Parboiled Rice

- Pusa Raw Rice

 

Imports from India.

 

Subject does not export, all sales are domestic.

 

 

FACILITIES

 

The Company has the following facilities :

 

Rented premises comprising administrative offices located at the heading address as well as 2 distribution offices with warehousing facilities located in Barka and Mawalah Area.

 

 

SPECIAL NOTE

 

You enquired on: Green Flow International LLC. Please note that subject is also by this name. Subject’s correct name is as per heading.

 

The telephone and fax numbers which you provided: 968 24550622 and 968 24550623 respectively applies to Uranus Arabia LLC. This company was contacted and its officials stated that subject is unfamiliar to them. We consider the numbers are incorrect. Please note that subject’s correct telephone number are as per heading. Subject does not have a fax line at the moment.

 

Interviewed: Tarik Ahmed (Business Development Manager)

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.69

UK Pound

1

Rs.70.87

Euro

1

Rs.62.26

 

 

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.