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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
SPANCO GOLDEN KEY SOLUTIONS LLC |
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|
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Registered Office : |
Wadi Kabir, P O
Box 693, Jibroo 114 |
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Country : |
Oman |
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Date of Incorporation : |
05.01.2005 |
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Com. Reg. No.: |
1/77719/0 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Providers of IT services |
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No. of Employees : |
45 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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) |
|
Oman |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
Company Name : SPANCO GOLDEN KEY SOLUTIONS LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 5th January 2005
Commercial Registration Number : 1/77719/0
Chamber Membership Number : 5112
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 45
Activities : Providers of IT services.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Sujith Nayar, Sales Manager
SPANCO GOLDEN KEY
SOLUTIONS LLC
Registered &
Physical Address
Location : Wadi Kabir
PO Box : 693
Town : Jibroo 114
Country : Oman
Telephone : (968) 24811243
Facsimile : (968) 24812984
Mobile : (968) 99327077
Email : jayanthi@spancogks.com / wecare@spancogks.com / sujithn@spancogks.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Jibroo.
Name Nationality Position
·
Ajit
Ajit Kumar Karsand Omani Managing Director
·
Niti Ajit
Kumar Karsand Omani Director
·
Tjinder
Singh Bhatia - Chief
Executive Officer
·
Kuldip
Varma - Administration
Manager
·
Jayanthi
Nagrajan - Commercial
Manager
·
Sujith
Nayar - Sales
Manager
·
Raji
Mon - Chief
Financial Officer
Date of Establishment : 5th
January 2005
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/77719/0
Chamber Member No. : 5112
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s)
·
Ajit
Ajit Kumar Karsand
·
Niti
Ajit Kumar Karsand
·
Spanco
Limited
Jebel Ali Free Zone
PO Box: 16952
Dubai
United Arab Emirates
·
Spanco
Golden Key Solutions WLL
Al Emadi Building
C Ring Road
PO Box: 24857
Doha
Qatar
Tel: (974) 44069000 / 44518611
Fax: (974) 44566027
Activities: Engaged as providers of IT services,
including voice and non voice solutions, collections, customer
acquisitions and third party
transaction services like data storage and indexing. Other services include
technical support, financial
services, help line, job portal services and loyalty solutions.
Subject has a
workforce of 45 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.
·
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.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
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.