MIRA INFORM
REPORT
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Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ROYAL INTERNATIONAL TRADING HOUSE LLC |
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Registered Office : |
Banks District, Commercial Area, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
24.08.2005 |
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Com. Reg. No.: |
1/80071/0 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of readymade garments, textiles and general foodstuffs |
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No. of Employees
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12 |
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 : ROYAL INTERNATIONAL TRADING HOUSE LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 24th August 2005
Commercial Registration Number : 1/80071/0
Chamber Membership Number : 1772
Issued Capital : RO 250,000
Paid up Capital : RO 250,000
Total Workforce : 12
Activities : Distributors of readymade garments, textiles and general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
ROYAL INTERNATIONAL
TRADING HOUSE LLC
Registered &
Physical Address
Location : Banks District, Commercial Area
PO Box : 1668
Town : Ruwi 112
Country : Sultanate of
Oman
Telephone : (968) 24481880
/ 24793882 / 24793880
Facsimile : (968) 24793445 / 24794133
Mobile : (968)
92500811
Email : rithmuscat@yahoo.com
Please note that
subject’s previous address was Building 991, Street No. 2716, Al Khuwair, Ruwi
112.
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Ruwi.
Name Nationality Position
·
Mohamed
Abdullah Mohamed Al Busaidi Omani Managing
Director
·
Mohamed
Hanif Indian Director
·
Asia
Amer Kayoumi - General
Manager
·
Saeed
Salem Hareth Al Hamdran - Administration
Manager
·
Nitin
Shah - Finance
Manager
Date of Establishment : 24th
August 2005
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/80071/0
Chamber Member No. : 1772
Issued Capital : RO 250,000
Paid up Capital :
RO 250,000
Name of
Shareholder (s)
·
Mohamed
Abdullah Mohamed Al Busaidi
·
Mohamed
Hanif
Activities: Engaged in the import and distribution of
readymade garments, textiles and general foodstuffs.
Import
Countries: Europe and the Far
East.
Operating Trend: Steady
Subject has a
workforce of 12 employees.
Financial
highlights provided by local sources are given below:
Currency: Riyal
Omani (RO)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales RO 1,985,000 RO 2,170,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Standard
Chartered Bank
Next Sheraton Hotel
PO Box: 2353
Ruwi 112
Tel: (968) 24703999 / 24703796 / 24703574
Fax: (968) 24796864
No complaints
regarding subject’s payments have been reported.
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 and the above credit figure is within
subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.66 |
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UK Pound |
1 |
Rs.81.80 |
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Euro |
1 |
Rs.67.18 |
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.