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Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
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Name : |
THUMRAIT INTERNATIONAL CO LLC |
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|
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Registered Office : |
Juma Bin Dawood Juma
Building, Way No. 4717, Al Saad Area, Ruwi, P O Box 456 & 206, North
Awqad, Muscat 112 |
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Country : |
Oman |
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Date of Incorporation : |
28.07.2009 |
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Com. Reg. No.: |
1/07456/7 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuffs |
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No. of Employees : |
07 employees |
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 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Oman |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
oman - ECONOMIC OVERVIEW
Oman is a middle-income economy that is heavily dependent on dwindling
oil resources. Because of declining reserves and a rapidly growing labor force,
Muscat has actively pursued a development plan that focuses on diversification,
industrialization, and privatization, with the objective of reducing the oil
sector's contribution to GDP to 9% by 2020 and creating more jobs to employ the
rising numbers of Omanis entering the workforce. Tourism and gas-based
industries are key components of the government's diversification strategy. By
using enhanced oil recovery techniques, Oman succeeded in increasing oil
production, giving the country more time to diversify, and the increase in
global oil prices through 2011 provided the government greater financial
resources to invest in non-oil sectors.
|
Source : CIA |
Company Name : THUMRAIT INTERNATIONAL CO LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 28th July 2009
Commercial Registration Number : 1/07456/7
Chamber Membership Number : 10873/1
Issued Capital : RO 20,000
Paid up Capital : RO 20,000
Total Workforce : 7
Activities : Distributors of general foodstuffs
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
THUMRAIT
INTERNATIONAL CO LLC
Registered &
Physical Address
Building : Juma Bin Dawood Juma Building
Street : Way No. 4717
Area : Al Saad Area, Ruwi
PO Box : 456 & 206, North Awqad
Town : Muscat 112
Country : Oman
Telephone : (968) 24837774
Facsimile : (968) 24837773 / 24830024
Mobile : (968) 99440209
Email : thurmaitintl@gmail.com
Please note that
subject’s previous address was, Ruwi Main Street, Muttrah 114.
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Muscat.
Name Position
·
Faisal Mohamed Saleem Khawar Managing
Director
·
Saad Mohamed Saleem Khawar Director
·
Wagar
Jamil General
Manager
Date of Establishment : 28th
July 2009
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/07456/7
Chamber Member No. : 10873/1
Issued Capital : RO 20,000
Paid up Capital : RO 20,000
Name of
Shareholder (s)
·
Faisal Mohamed Saleem Khawar
·
Saad Mohamed Saleem Khawar
Activities: Engaged in the import and distribution of
general foodstuffs, including rice and other dried foods.
Import
Countries: India and the United
Kingdom
Brand Names: TEEBA, ALKHAIR, ABU JAMAL, NEMA, AL FARIS,
KARM and RABIE
Subject has a
workforce of 7 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.
·
Bank
Muscat SAOG
Main Branch
Al Burj Street
Greater Muttrah
PO Box: 6326, Ruwi
Muscat
Tel: (968) 24701769
Fax: (968) 24796488
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.54.74 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
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.