MIRA
INFORM REPORT
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Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ABU RAZIN AL FALAHI TRADING EST. |
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Registered Office : |
Building No. 7005, Flat 32 Main Street Al Ghubra Area P.O. Box 167 PC 122 Muscat |
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Country : |
Oman |
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Date of Incorporation : |
18.08.2001 |
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Com. Reg. No.: |
1679473 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Building
and construction contractors. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
RO 5,000 |
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Status : |
Small Company |
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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 |
Company NAME
Abu Razin Al
Falahi Trading Est. (Correct)
ABU
RAZIN AL FALAHI (Requested)
ADDRESS
Building
: Building No. 7005, Flat 32
Street : Main Street
Area : Al Ghubra Area
P.O.
Box : 167 PC 122
Town : Muscat
Country : Oman, Sultanate of
Mobiles : (968) 9551 5038 / 9969 3260
Email : said_alfalahi2002@yahoo.com
SENIOR COMPANY PERSONNEL
Name Position
1.
Said
Sultan Al Falahi General Manager / Owner
2.
M. Ashook Deputy General Manager
Total
Employees : 5 (admin)
PAYMENTS
No
complaints have been heard regarding payments from local suppliers
or
banks.
We
consider it is acceptable to deal with subject for SMALL amounts,
however
in view of the lack of financial information we recommend
international
suppliers exercise a degree of caution.
Opinion
on maximum credit :RO 5,000 (higher amounts may be considered with full fiscal
disclosure)
Trade
risk assessment : Normal
Opinion
on the credit figure of US DLRS 150,000 :
We
consider the above figure to be beyond the Company's financial
capabilities
and recommend dealing on fully secured terms.
PRINCIPAL BANKERS
NAME : BANK MUSCAT (SOAG)
Branch : Main Branch
Street : Al Burj Street, Muttrah Commercial
District 1073
PO
Box : 134
Town : Muscat, Ruwi 112
Telephone:
(968) 2476 8888 / 2470 3044
Fax : (968) 2470 7806 / 2470 5506
FINANCIAL INFORMATION
Private
companies in Oman, Sultanate of are not required to publish or disclose balance
sheets. Balance sheets are not available from other sources, and the subject
interviewed declined to give any financial information, which the company
regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date
Started : 18 August 2001
C.R.
No.: 1679473 (expiry date: 17 August 2011)
Chamber
of Commerce Membership No.: 10286 (issued on 2 May 2010, expiry date: 1 May
2012)
Capital
: not applicable
Proprietorship
owned by Said Sultan Al Falahi (Omani national).
ACTIVITIES
The
Subject is involved in the following activities :
Building
and construction contractors.
Subject
also provides sponsorship services.
NACE
Code : 4120
Imports
from Asia.
Subject
does not export.
FACILITIES
The
Subject has the following facilities :
Rented
office premises located at the heading address.
SPECIAL NOTE
You
enquired on: ABU RAZIN AL FALAHI. Please note that subject's correct registered
name is as per heading.
Interviewed:
M. Ashook (Deputy General Manager).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.74 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.65.48 |
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.