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Report Date : |
25.02.2012 |
IDENTIFICATION DETAILS
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Name : |
AL BHAJ TRADING LLC |
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Registered Office : |
Complex No. 147, Building No. 747, Way No
4811, Dar Sit PO Box 931 Muscat 117 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.12.1999 |
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Com. Reg. No.: |
1/52121/7 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Wholesale and retail of novelty items, toys and books. |
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|
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No. of Employees : |
6 |
RATING & COMMENTS
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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 |
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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 – 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 : AL BHAJ TRADING LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 1st December 1999
Commercial Registration Number : 1/52121/7
Chamber Membership Number : 5506
Issued Capital : RO 50,000
Paid up Capital : RO 50,000
Total Workforce : 6
Activities : Wholesale and retail of novelty items, toys and books.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : M P Shoukat Ali, General Manager
AL BHAJ TRADING LLC
Location : Complex No. 147, Building No. 747, Way No 4811, Dar Sit
PO Box : 931
Town : Muscat 117
Country : Oman
Telephone : (968) 24799736
Facsimile : (968) 24799736
Mobile : (968)
99371242 / 99243762
Email : albhaj@omantel.net.om
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Muscat.
Name Position
· Habib Ibrahim Sulaiman Al Blooshi Managing
Director
· Mohsin Ibrahim Sulaiman Al Blooshi Director
· M P Shoukat Ali General
Manager
· Mohamed Riyaz Sales
Manager
· Mohamed Ishaaq Sales
Executive
Date of
Establishment : 1st
December 1999
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/52121/7
Chamber Member No. : 5506
Issued Capital : RO 50,000
Paid up Capital : RO 50,000
· Habib Ibrahim Sulaiman Al Blooshi
· Mohsin Ibrahim Sulaiman Al Blooshi
Activities: Engaged in the wholesale and retail of novelty items,
toys and books.
Import Countries: India and the United Arab
Emirates
International Suppliers:
· NCBA Sports Pvt Ltd India
· National Toys & Gifts United
Arab Emirates
· Wide Road Co United
Arab Emirates
· Al Fahidi Stationery United
Arab Emirates
Brand Names: GLOBAL and CAMEL
Operating Trend: Steady
Subject has a workforce of 6 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
1,895,000 RO
2,050,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Bank Muscat SAOG
Ruwi Main Branch
PO Box:
6326
Muscat
Tel:
(968) 24561399 / 24708543
Fax:
(968) 24561036
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.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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.