|
Report Date : |
27.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ONAS TRADING LLC |
|
|
|
|
Registered Office : |
OUA Complex, Al Iskan
Street, Greater Muttrah, P O Box 1266, Jibroo, 985, Ruwi, Jibroo 114 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
16.11.1982 |
|
|
|
|
Com. Reg. No.: |
1/14677/7 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of alcoholic beverages and soft drinks |
|
|
|
|
No. of Employees : |
38 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : ONAS TRADING LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 16th November 1982
Commercial Registration Number : 1/14677/7
Chamber Membership Number : 683
Issued Capital : RO 200,000
Paid up Capital : RO 200,000
Total Workforce : 38
Activities : Distributors of alcoholic beverages and soft drinks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Naresh Loya, Finance Manager
ONAS TRADING LLC
Registered &
Physical Address
Building : OUA Complex
Street : Al Iskan Street
Area : Greater Muttrah
PO Box : 1266, Jibroo
985, Ruwi
Town : Jibroo 114
Country : Oman
Telephone : (968) 24643333 / 24643334 / 24643304 / 24600386 / 24691030 / 24817669 / 24798235 /
24560148
Facsimile : (968) 24643344 / 24691030 / 24482491 / 24798239 / 24707708
Email : info@oua.com.om
/ onas@oua.co.om
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Jibroo.
Name Position
·
Mohamed
Abdullah Moosa Abdullah Al Raisi Managing
Director
·
Hussain Bin Mohamed Bin Ali Abdullah Director
·
Sulaiman Bin Hokani Director
·
Naresh
Loya Finance
Manager
·
Christopher Charter Marketing
Manager
Date of Establishment : 16th
November 1982
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/14677/7
Chamber Member No. : 683
Issued Capital : RO 200,000
Paid up Capital : RO 200,000
Name of Shareholder
(s) Percentage
·
Oman United
Agencies (OUA) 51%
·
Mohamed
Abdullah Moosa Abdullah Al Raisi 24%
·
Sulaiman Bin Hokani 20%
·
Hussain Bin Mohamed Bin Ali Abdullah 5%
Activities: Engaged in the import and distribution of
alcoholic beverages and soft drinks.
Import
Countries: Germany, France,
Australia and New Zealand.
Operating Trend: Steady
Subject has a
workforce of 38 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 2,300,000 RO 2,274,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Naresh Loya, Finance Manager
·
National
Bank of Oman SAOG
PO Box: 916
Muscat 113
Tel: (968) 24737837 / 24740595
Fax: (968) 24737836
No complaints
regarding subject’s payments have been reported.
Local sources report
that payment obligations are met in a generally timely manner and the operating
history is clear. As such the company 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.52.57 |
|
UK Pound |
1 |
Rs.85.03 |
|
Euro |
1 |
Rs.69.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.