|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AL HAJIRY INTERNATIONAL LLC |
|
|
|
|
Registered Office : |
Industrial Area,
Al Wadi Kabir 117, P O Box 582, Muscat |
|
|
|
|
Country : |
Oman |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
19.06.1990 |
|
|
|
|
Com. Reg. No.: |
1/29970/0 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of general foodstuff products and baby care products |
|
|
|
|
No. of Employees : |
65 |
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 : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : AL HAJIRY INTERNATIONAL LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 19th June 1990
Commercial Registration Number : 1/29970/0
Chamber Membership Number : 1322
Issued Capital : RO 250,000
Paid up Capital : RO 250,000
Total Workforce : 65
Activities : Distributors of general foodstuff products and baby care products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL HAJIRY
INTERNATIONAL LLC
Registered &
Physical Address
Location : Industrial Area, Al Wadi Kabir 117
PO Box : 582
Town : Muscat
Country : Oman
Telephone : (968) 24817573 / 26827301
Facsimile : (968) 24817530 / 26701577
Mobile : (968) 92840220
Email : kurien.george@alhajiry.com / alhajiry@omantel.net.om
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Muscat.
Branch Offices
Subject has branch
offices located in Bidaya, Nizwa, Ibri, Al Kamil and Salalah.
Name Nationality Position
·
Sheikh
Nasser Khamis Juma Al Hashar Omani Managing Director
·
Sheikh Ali
Khamis Juma Al Hashar Omani Director
·
Sam
Varghese Indian General Manager
·
Johnson
Mathew - Finance
Manager
·
Kurien
George - Commercial
Manager
Date of Establishment : 19th
June 1990
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/29970/0
Chamber Member No. : 1322
Issued Capital : RO 250,000
Paid up Capital : RO 250,000
Name of Shareholder
(s)
·
Sheikh
Nasser Khamis Juma Al Hashar
·
Sheikh
Ali Khamis Juma Al Hashar
·
Al
Hajiry Trading Co LLC
Al Wadi Kabir 117
Muscat
Tel: (968) 24817573
Fax: (968) 24817530
Activities: Engaged in the import and distribution of general foodstuff products and baby care
products.
Import
Countries: Europe and the
Far East.
Brand Names: MILMA, DOST, DREAMYS, GOLDA, ELITE, PRIYOM
and SAFI
Operating Trend: Steady
Subject has a
workforce of 65 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 3,000,000 RO 3,325,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Commercial Bank of Oman SAOG
Muttrah Business District
PO Box: 1696, Ruwi 112
Muscat
Tel: (968) 24793225 / 24793226 /
24793228
Fax: (968) 24793229
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
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.