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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
HAMAD BIN HMOOD
AL AMRI AND SONS TRADING CO LLC |
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Registered Office : |
Souq Seeb, 509,
Seeb 121 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
22.02.1976 |
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Com. Reg. No.: |
1/02702/6 |
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Legal Form : |
Limited Liability
Company – LLC |
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Line of Business : |
Distributors of general foodstuffs, consumable goods and electrical
products. |
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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 |
|
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : HAMAD BIN HMOOD AL AMRI AND SONS
TRADING CO LLC
Country of Origin : Oman
Legal Form :
Limited Liability Company – LLC
Registration Date : 22nd
February 1976
Commercial
Registration Number : 1/02702/6
Chamber Membership
Number : 1519
Issued Capital : RO
250,000
Paid up Capital : RO
250,000
Total Workforce : 45
Activities :
Distributors of general foodstuffs, consumable goods and electrical
products.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
HAMAD BIN HMOOD AL
AMRI AND SONS TRADING CO LLC
Location : Souq Seeb
PO Box : 509
Town : Seeb 121
Country : Oman
Telephone : (968) 24420612 / 24421257
Facsimile : (968) 24420391 / 24423106
Email : ahhamri@omantel.net.om
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Seeb.
Name Position
·
Sulaiman
Bin Hamad Bin Hmood Al Amri Managing
Director
·
Khalfan
Bin Hamad Bin Hmood Al Amri Director
·
Ibrahim
Bin Hamad Bin Hmood Al Amri Director
·
Hamood
Bin Hamad Bin Hmood Al Amri Director
·
Bin
Hamad Bin Hmood Al Amri Director
·
Mohamed
Saleem Financial
Controller
·
Saud Al
Harthi Commercial
Manager
Date of Establishment : 22nd
February 1976
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/02702/6
Chamber Member No. : 1519
Issued Capital : RO 250,000
Paid up Capital : RO 250,000
·
Sulaiman
Bin Hamad Bin Hmood Al Amri
·
Khalfan
Bin Hamad Bin Hmood Al Amri
·
Ibrahim
Bin Hamad Bin Hmood Al Amri
·
Hamood
Bin Hamad Bin Hmood Al Amri
·
Bin
Hamad Bin Hmood Al Amri
·
National
Distribution Co LLC (NDC)
CR No. 1/07358/2
·
Al Amir
Centre for Supplies LLC
CR No. 1/78515/0
Activities: Engaged in the import and distribution of general
foodstuffs, including rice, tuna, poultry, fruit and
vegetables, consumable goods
and electrical products.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 45 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 2,770,000 RO 2,900,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
Muscat
PO Box: 2684, Seeb Airport
Seeb
Tel: (968) 24621523
Fax: (968) 24621486
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.56.02 |
|
|
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.68.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.