MIRA INFORM REPORT
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Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SALIM SULAIMAN AL FAIRUZ EST |
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Registered Office : |
Wadi Audi Street, Muttrah, P O Box 330,
Muscat 100 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.12.1983 |
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Com. Reg. No.: |
1/17636/6 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of vehicle spare parts, machinery and equipment |
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 : |
Usually Correct |
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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 |
SUMMARY
Company Name : SALIM SULAIMAN AL FAIRUZ EST
Country of Origin : Oman
Legal Form : Sole Proprietorship
Registration Date : 25th December 1983
Commercial Registration Number : 1/17636/6
Chamber Membership Number : 2208
Invested Capital : RO 100,000
Total Workforce : 45
Activities : Distributors of vehicle spare parts, machinery and equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
SALIM SULAIMAN AL FAIRUZ EST
company ADDRESS
Registered &
Physical Address
Street : Wadi Audi Street
Area : Muttrah
PO Box : 330
Town : Muscat 100
Country : Oman
Telephone : (968) 24561399 / 26802253
Facsimile : (968) 26802255
Mobile : (968) 99331145
Email : sales@alfairuzoman.com / sssalfairuz@gmail.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Muscat.
KEY PRINCIPALS
Name Position
·
Sheikh
Salim Sulaiman Al Fairuz Proprietor
& General Manager
·
Adil
Salim Sulaiman Al Fairuz Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 25th
December 1983
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1/17636/6
Chamber Member No. : 2208
Invested Capital
: RO 100,000
Sheikh Salim
Sulaiman Al Fairuz is the sole
proprietor of the business.
AFFILIATED COMPANIES
·
Al
Fairuz Trading & Contracting Co
PO Box: 330
Muscat 100
Tel: (968) 24561399
·
Al
Fairuz Mining LLC
Muscat
·
Al
Fairuz Resources LLC
Muscat
·
Oman
Agri Fertilizer Company LLC
Muscat
·
Boats
Manufacturing Co. Ltd
Muscat
·
Vita
Trading & Contracting Co. LLC
Muscat
·
Al
Khabura Trading Est
Muscat
·
Al Fairuz
Institute of Commerce & Administration Training
Muscat
OPERATIONS
Activities: Engaged in the import and distribution of vehicle spare parts, machinery and
equipment.
Subject also repairs and paints of vehicles.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 45 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
2,700,000 RO
3,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
HSBC
Middle East
PO Box: 234
Muscat 113
Tel: (968) 24736041 / 24736042
Fax: (968) 24736043
·
Bank of
Oman, Bahrain & Kuwait
BOBK House
Al Burj Street
PO Box: 4708, Ruwi 112
Muscat
Tel: (968) 24701528 / 24701532
/ 24701788
Fax: (968) 24705607 / 24793536
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the business is deemed a fair trade risk
and the above credit figure is considered to be within subject’s financial
means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.97 |
|
UK Pound |
1 |
Rs.74.22 |
|
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.