MIRA INFORM
REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SPANCO GOLDEN KEY SOLUTIONS LLC |
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Registered Office : |
Wadi Kabir, P O
Box 693, Jibroo 114 |
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Country : |
Oman |
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Date of Incorporation : |
05.01.2005 |
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Com. Reg. No.: |
1/77719/0 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Providers of IT services |
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$ 200,000 |
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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
|
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 |
Bottom of Form
SUMMARY
Company Name : SPANCO GOLDEN KEY SOLUTIONS LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 5th January 2005
Commercial Registration Number : 1/77719/0
Chamber Membership Number : 5112
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 45
Activities : Providers of IT services.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 200,000
Person Interviewed : Jayanthi Nagrajan, Commercial Manager
COMPANY NAME
SPANCO GOLDEN KEY
SOLUTIONS LLC
company ADDRESS
Registered & Physical Address
Location : Wadi Kabir
PO Box : 693
Town : Jibroo 114
Country : Oman
Telephone : (968) 24811243
Facsimile : (968) 24812984
Mobile : (968) 99327077
Email : jayanthi@spancogks.com / wecare@spancogks.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Jibroo.
KEY PRINCIPALS
Name Nationality Position
·
Ajit
Ajit Kumar Karsand Omani Managing Director
·
Niti
Ajit Kumar Karsand Omani Director
·
Tjinder
Singh Bhatia - Chief
Executive Officer
·
Kuldip
Varma - Administration
Manager
·
Jayanthi
Nagrajan - Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 5th
January 2005
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/77719/0
Chamber Member No. : 5112
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder (s)
·
Ajit
Ajit Kumar Karsand
·
Niti
Ajit Kumar Karsand
·
Spanco
Limited
PO Box: 16952
Jebel Ali Free Zone
Dubai
United Arab Emirates
AFFILIATED COMPANIES
·
Spanco
Golden Key Solutions WLL
PO Box: 24857
Al Emadi Building
C Ring Road
Doha
Qatar
Tel: (974) 44069000 / 44518611
Fax: (974) 44566027
OPERATIONS
Activities: Engaged as providers of IT services,
including voice and non voice solutions, collections, customer
acquisitions and third party transaction services like data storage and
indexing. Other services include
technical support, financial
services, help line, job portal services and loyalty solutions.
Subject has a
workforce of 45 employees.
FINANCIAL DATA
Companies
registered in Oman are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Commercial Bank of Oman SAOG
Muttrah Business District
PO Box: 1696, Ruwi 112
Muscat
Tel: (968) 24793225 / 24793226 /
24793228
Fax: (968) 24793229
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 |
|
US Dollar |
1 |
Rs.44.13 |
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UK Pound |
1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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.