MIRA INFORM REPORT

 

 

Report Date :

17.02.2012

 

IDENTIFICATION DETAILS

 

Name :

A ONE ENGINEERING LLC

 

 

Registered Office :

Sohar Industrial Estate, Phase 4, Plot No. 283 PO Box 71 Sohar 327

 

 

Country :

Oman

 

 

Date of Incorporation :

15.11.2009

 

 

Com. Reg. No.:

1/07959/7

 

 

Legal Form :

Limited Liability Company – LLC

 

 

Line of Business :

Operators of a foundry and machine fabricators.

 

 

No. of Employees :

9

 

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

 

Maximum Credit Limit :

US$ 100,000

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Oman

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : A ONE ENGINEERING LLC

Country of Origin                                    : Oman

Legal Form                                            : Limited Liability Company – LLC

Registration Date                                   : 15th November 2009

Commercial Registration Number                        : 1/07959/7

Chamber Membership Number                : 11380

Issued Capital                                        : RO 150,000

Paid up Capital                                      : RO 150,000

Total Workforce                                     : 9

Activities                                               : Operators of a foundry and machine fabricators.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 100,000

 

COMPANY NAME

 

A ONE ENGINEERING LLC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Sohar Industrial Estate, Phase 4, Plot No. 283

 

PO Box             : 71

 

Town                 : Sohar 327

Country             : Oman

 

Telephone         : (968) 26752211

Facsimile          : (968) 26752255

Email                : info@aone-engineering.com / aone-engineering@hotmail.com

 

Premises

 

Subject operates from a small suite of offices and a factory that are rented and located in the Industrial Area of Sohar.

 

 

KEY PRINCIPALS

 

     Name                                                           Nationality                                 Position

 

·       Mohamed Aslam                                           Pakistani                                   Managing Director

 

·       Mohamed  Akram                                          Pakistani                                   Director

 

·       Shafiqat Nisa                                                            Pakistani                                   Director

 

·       Sulaiman Abdullah Sulaiman Al Gaffary                       Omani                                       Director

 

·       Ali Murtada                                                        -                                          General Manager

 

·       M A Omaish                                                      -                                          Technical Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 15th November 2009 (Operations were commenced in January 2012)

 

Legal Form                  : Limited Liability Company – LLC

 

Commercial Reg. No.  : 1/07959/7

 

Chamber Member No. : 11380

 

Issued Capital              : RO 150,000

 

Paid up Capital            : RO 150,000

 

Name of Shareholder (s)                                    

 

·       Mohamed Aslam                                          

 

·       Mohamed  Akram                                         

 

·       Shafiqat Nisa                                               

 

·       Sulaiman Abdullah Sulaiman Al Gaffary

 

 

AFFILIATED COMPANIES

 

·       A One Engineering LLC

Dubai

 

·       Mohamed Aslam Engineering LLC

Dubai

 

 

OPERATIONS

 

Activities: Engaged as operators of a foundry and machine fabricators.

 

Subject has a workforce of 9 employees.

 

 

FINANCIAL DATA

 

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.

 

 

BANKERS

 

·       Central Bank of Oman

Central Business District

     PO Box: 4161

     Muscat

     Tel: (968) 24702222

     Fax: (968) 24702253 / 24788513

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.49.25

UK Pound

1

Rs.77.45

Euro

1

Rs.64.89

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.