MIRA
INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
TECHNO INX |
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Formerly Known As : |
DESERT THUNDERS EST |
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Registered Office : |
Rusayl Industrial Estate, Road No. 23, Factory 214 PO Box 111 Rusayl
116 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.08.2009 |
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Com. Reg. No.: |
1/64099/2 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Manufacture of printing inks |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 150,000 |
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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) |
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Oman |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : TECHNO INX
Also Known As : DESERT THUNDERS EST
Country of Origin : Oman
Legal Form : Sole Proprietorship
Registration Date : 1st August 2009
Commercial Registration Number : 1/64099/2
Invested Capital : RO 100,000
Total Workforce : 7
Activities : Manufacture of printing inks
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Kartik Kayam, Factory Manager
COMPANY NAME
TECHNO INX
ALSO KNOWN AS: DESERT THUNDERS
EST
ADDRESS
Registered & Physical Address
Location : Rusayl
Industrial Estate, Road No. 23, Factory 214
PO Box : 111
Town : Rusayl 116
Country : Oman
Telephone : (968) 24449445
Facsimile : (968) 24449447
Mobile : (968)
95251195
Email : technoinx@technoinx.net
Premises
Subject operates from a small suite of offices and a factory that are
rented and located in the Industrial Area of Rusayl.
KEY PRINCIPALS
Name Position
· Rashid Bin Ahmed
Bin Rashid Proprietor
& General Manager
· Kartik Kayam Factory
Manager
· Sikkander Mutalib Accountant
· R B Ramesh Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1st
August 2009
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 1/64099/2
Invested Capital : RO 100,000
Mr Rashid Bin Ahmed Bin Rashid is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the manufacture of printing inks.
Import Countries: Europe and the Far East.
Subject has a workforce of 7 employees.
FINANCIAL DATA
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
915,000 RO 1,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Bank Muscat SAOG
Ruwi Main Branch
PO Box:
6326
Muscat
112
Tel:
(968) 24561399 / 24708543
Fax:
(968) 24561036
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.29 |
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|
1 |
Rs.77.60 |
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Euro |
1 |
Rs.64.67 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.