MIRA
INFORM REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
AL MASHAHEER INTERNATIONAL LLC |
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Formerly Known As : |
PREMIUM FOOD INDUSTRIES |
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Registered Office : |
Sohar Industrial Estate PO Box 98
Sohar 327 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.05.1995 |
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Com. Reg. No.: |
3/17039/0 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Producers of chicken burgers, nuggets and sausages. |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 : AL MASHAHEER INTERNATIONAL LLC
Also Known As : PREMIUM FOOD INDUSTRIES
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 1st May 1995
Commercial Registration Number : 3/17039/0
Chamber Membership Number : 94
Issued Capital : RO 430,000
Paid up Capital : RO 430,000
Total Workforce : 35
Activities : Producers of chicken burgers, nuggets and sausages.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Hilal Al Kindi, Administration Manager
COMPANY NAME
AL MASHAHEER INTERNATIONAL LLC
ALSO KNOWN AS: PREMIUM FOOD
INDUSTRIES
ADDRESS
Registered & Physical Address
Location : Sohar
Industrial Estate
PO Box : 98
Town : Sohar 327
Country : Oman
Telephone : (968) 26750790
Facsimile : (968) 26750408
Mobile : (968)
95250999 / 99326929
Email : pfisohar@omantel.net.om
Premises
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Sohar.
KEY PRINCIPALS
Name Position
· Fateq Bin Faher Al
Saeed Managing
Director
· Layla Bin Abdullah
Sobhi Director
· Mohamed Bin Hamd
Al Majali Director
· Ajit Jacoub General
Manager
· Hilal Al Kindi Administration
Manager
· Rajesh
Balakrishnan Commercial
Manager
· Jaya Raj Lawrence Financial
Controller
LEGAL FORM & OWNERS
Date of
Establishment : 1st
May 1995
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 3/17039/0
Chamber Member No. : 94
Issued Capital : RO 430,000
Paid up Capital : RO 430,000
Name of Shareholder (s)
· Fateq Bin Faher Al
Saeed
· Layla Bin Abdullah
Sobhi
· Mohamed Bin Hamd
Al Majali
OPERATIONS
Activities: Engaged in the production of chicken burgers, nuggets and sausages.
Import Countries: Europe and the Far East.
Brand Names: TAZEJ
Operating Trend: Steady
Subject has a workforce of 35 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Riyal Omani (RO)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales RO
1,770,000 RO
1,950,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
National Bank of Oman Limited (SAOG)
PO Box: 65
Sohar 311
Tel: (968) 26843780
Fax: (968) 26842344
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
According to local sources subject is making steady progress in the
local business market and nothing detrimental has been reported regarding the
manner in which payments are fulfilled. As such the company is considered to be
a fair trade risk.
The above credit figure is higher than transactions previously seen and
a measure of caution would be prudent given the magnitude of the transaction.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.94 |
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1 |
Rs.72.12 |
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Euro |
1 |
Rs.63.66 |
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.