MIRA INFORM REPORT

 

 

Report Date :

03.03.2011

 

IDENTIFICATION DETAILS

 

Name :

OMAN NATIONAL FACTORY FOR PRINTING & PACKAGING LLC

 

 

Registered Office :

Salalah Area P.O. Box : 365 Salalah 211

 

 

Country :

Oman

 

 

Date of Incorporation :

16.11.1992 

 

 

Com. Reg. No.:

2073412

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacturers of printing and packaging materials.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

--

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Oman

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COmpany NAME

 

Oman National Factory For Printing & Packaging LLC

 

 

ADDRESS

 

Area     : Salalah Area

 

P.O. Box : 365

Town     : Salalah 211

Country  : Oman, Sultanate of

 

Telephone: (968) 9901 3860 (Mobile)

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                                                                     Position

 

1. Abdul Khaliq Bin Amer Bin Mansour Al Rawas                          Chairman

 

2. Maamar Abdul Khaliq Bin Amer Bin Mansour Al Rawas             Director

 

3. Mohammed Abdul Khaliq Bin Amer Bin Mansour Al Rawas        Director

 

4. Ahmed Abdul Khaliq Bin Amer Bin Mansour Al Rawas              Director

 

 

Total Employees : 4 (admin)

 

PAYMENTS

 

No trade experience of payments is available.

 

Our sources could not contact the company and obtain a direct

interview. The telephone number which you provided : (968) 9901 3860 is a mobile number which applies to an Indian national. This individual was contacted and he advised that subject is unfamiliar to him. No other numbers are listed for the subject at the local telephone directory.

 

According to officials at the local Chamber of Commerce subject's

commercial registration hasn’t been renewed since 15 November 2003.

 

Information in this report was obtained from third party sources.

 

Opinion on maximum credit : In the circumstances we recommend

                            international suppliers deal on a

                            strictly cash or prepaid basis.

 

Trade risk assessment: No classification

 

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

 

See above comments.

 

 

PRINCIPAL BANKERS

 

Details of subject's bankers could not be learnt.

 

 

FINANCIAL INFORMATION

 

Balance sheets are not available and no financial information could

be obtained from third party sources.

 

 

LEGAL STATUS AND HISTORY

 

Date Started :16 November 1992 

 

C.R. No. : 2073412 (expired on : 15 November 2003)

 

Chamber of Commerce Membership No. : 165 (issued on 1 April 1992, expiry date : 17 November 2011)

 

Capital : not given

 

Limited Liability Company with the following shareholders :

 

1. Abdul Khaliq Bin Amer Bin Mansour Al Rawas

  (Omani national)        

 

2. Maamar Abdul Khaliq Bin Amer Bin Mansour Al Rawas

  (son of the above)   

 

3. Mohammed Abdul Khaliq Bin Amer Bin Mansour Al Rawas

  (son of the above) 

 

4. Ahmed Abdul Khaliq Bin Amer Bin Mansour Al Rawa

  (son of the above) 

 

The exact shareholding percentage was not disclosed.

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Registered activity: Manufacturers of printing and packaging materials.

 

 

FACILITIES

 

The Company has the following facilities :

 

Registered office located at the heading address.

 

 

SPECIAL NOTE

 

Interviewed: Third party sources.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.73.43

Euro

1

Rs.62.32

 

 

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.