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Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Nizwa Industrial
Estate, |
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Country : |
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Year of Establishment : |
1997 |
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Com. Reg. No.: |
1/13682/4 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of gaskets for industrial use |
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No. of Employees : |
10 |
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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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Oman |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 : OMAN GASKET FACTORY
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Start Date : 1997
Registration Date : 19th February 2012
Commercial Registration Number : 1/13682/4
Chamber Membership Number : 161
Issued Capital : RO 500,000
Paid up Capital : RO 500,000
Total Workforce : 10
Activities : Manufacture of gaskets for industrial use
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : T K Selvan, Factory Manager
OMAN GASKET FACTORY
Registered &
Physical Address
Location : Nizwa Industrial Estate
PO Box : 194
Town : Nizwa 619
Country : Oman
Telephone : (968) 25449270
Facsimile : (968) 25449273
Email : info@omangasket.com
Premises
Subject operates
from a suite of offices and a factory, covering 30,730 square feet that are
rented and located in the Industrial Area of Nizwa.
Name Position
·
Abdullah
Salim Al Juneibi Managing
Director
·
Khamis
Salim Al Juneibi Director
·
Hamoud
Salim Al Juneibi Director
·
Bhudev
Singh General
Manager
·
T K
Selvan Factory
Manager
·
D Brain Financial
Manager
Date of Establishment : 1997, however
subject was registered on 19th February 2012
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/13682/4
Chamber Member No. : 161
Issued Capital : RO 500,000
Paid up Capital : RO 500,000
Name of Shareholder
(s)
·
Abdullah
Salim Al Juneibi
·
Khamis
Salim Al Juneibi
·
Hamoud
Salim Al Juneibi
·
Dohat
Al Khaleej LLC
DAK Buildings, 4th Floor
Galah Service Road
Athiba
Muscat
Tel: (968) 24502867
Fax: (968) 24504165
Email: info@dakoman.com
Activities: Engaged in the manufacture of industrial gaskets.
Subject is ISO 9001:2008 accredited.
Production
Capacity: 2 tons per day.
Import
Countries: Italy, India and
the United Arab Emirates.
International
Suppliers:
·
Dan
Lakshmi Industries (DLI) India
·
Super
Light India
·
Al
Dobowi Co UAE
·
FMI Italy
Brand Names: OMAN GASKET
Subject has a
workforce of 10 employees.
Companies
registered in Oman are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
·
National
Bank of Oman Limited (SAOG)
PO Box: 100
Nizwa 611
Tel: (968) 24410072 / 24410043
Fax: (968) 24410048
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.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.