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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MUGATLAL P PANDYA & CO LLC |
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Registered Office : |
Building No. 2459,
Way No. 4731, Al Mawalih Area, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.11.1970 |
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Com. Reg. No.: |
1/01993/7 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuff products |
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No. of Employees : |
55 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : MUGATLAL P PANDYA & CO LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 15th November 1970
Commercial Registration Number : 1/01993/7
Chamber Membership Number : 2411
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 55
Activities : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Gitandara Mugatlal P Pandya, Director
MUGATLAL P PANDYA
& CO LLC
Registered &
Physical Address
Location : Building No. 2459, Way No. 4731,
Al Mawalih Area
PO Box : 1051, Ruwi 112
Town : Muscat
Country : Oman
Telephone : (968) 24543931 / 24836233 / 24542293
/ 24543853 / 24491622
Facsimile : (968) 24834512 / 24540863
Email : mppandya@omantel.net.om
Premises
Subject operates from
a small suite of offices and a warehouse that are rented and located in the
Central Business Area of Muscat.
Name Nationality Position
·
Mugatlal P Pandya Indian Managing
Director
·
Anil Mugatlal P Pandya Indian Director
·
Gitandara
Mugatlal
P Pandya
Indian Director
·
Bipin Mugatlal P Pandya Indian Director
·
Jay Mugatlal P Pandya
Indian Director
·
Atuwal Mugatlal P Pandya
Indian Director
·
Ashwin Mugatlal P Pandya
Indian Director
·
Murtada Mohamed Ali Kawkar Omani Director
Date of Establishment : 15th November
1970
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/01993/7
Chamber Member No. : 2411
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of
Shareholder (s)
·
Mugatlal P Pandya
·
Anil Mugatlal P Pandya
·
Gitandara
Mugatlal
P Pandya
·
Bipin Mugatlal P Pandya
·
Jay Mugatlal P Pandya
·
Atuwal Mugatlal P Pandya
·
Ashwin Mugatlal P Pandya
·
Murtada Mohamed Ali Kawkar
·
Mugatlal
P Pandya & Co LLC
PO Box: 1528
Dubai
United Arab Emirates
Tel: (971-4) 2267928 / 2668282
Fax: (971-4) 2250647 / 2260647
Activities: Engaged in the import and distribution of
general foodstuff products.
Import Countries: Europe and GCC countries.
Operating Trend: Steady
Subject has a
workforce of 55 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 4,100,000 RO 4,550,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
National
Bank of Oman Limited (SAOG)
Muttrah Business District
PO Box: 751, Ruwi 112
Muscat
Tel: (968) 24708894 / 24708630 / 24708684
Fax: (968) 24707781 / 24703972
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.56.38 |
|
UK Pound |
1 |
Rs.87.44 |
|
Euro |
1 |
Rs.68.05 |
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.