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Report Date : |
26.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SALLAN INDUSTRIAL INVESTMENT LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.01.2010 |
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Com. Reg. No.: |
1/08205/6 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Manufacturers of personal care, detergents and cleaning 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) |
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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 |
Company Name : SALLAN INDUSTRIAL INVESTMENT LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 31st January 2010
Commercial Registration Number : 1/08205/6
Chamber Membership Number : 1355
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 45
Activities : Manufacturers of personal care, detergents and cleaning products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
SALLAN INDUSTRIAL INVESTMENT LLC
Building : Sallan Building
Street : Industrial
Area Street
Area : Sohar Industrial Area
PO Box : 3 & 600
Town : Sohar 327
Country : Oman
Telephone : (968) 26751554
/ 26750331 / 26750339 / 26750390
Facsimile : (968) 26751539
/ 26750334
Mobile : (968)
99207558 / 99377946
Email : sohar.industries@hotmail.com / info@sallanchem.com
Subject operates from a medium sized suite of offices and a factory that
are owned and located in the Industrial Area of Sohar.
Name Position
· Ali Abdul Hussain Joma Al Lawatia Managing
Director
· Tawfiq Abdul Hussain Joma Al Lawatia Director
· Hassan Ali Jawad Joma Al Lawatia Director
· Hussain Ali Joma Al Lawatia Director
· Reda Mahdi Jawad Al Lawatia Director
Date of
Establishment : 31st
January 2010
Legal Form : Limited Liability Company
– LLC
Commercial Reg.
No. : 1/08205/6
Chamber Member No. : 1355
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
s
· Ali Abdul Hussain Joma Al Lawatia
· Tawfiq Abdul Hussain Joma Al Lawatia
· Hassan Ali Jawad Joma Al Lawatia
· Hussain Ali Joma Al Lawatia
· Reda Mahdi Jawad Al Lawatia
Activities: Engaged in the manufacture of personal care, detergents and cleaning
products.
Production
Capacity: 27,000 metric tonnes per year.
Import Countries: Europe and the Far East.
Brand Names: SANA, WADI and IDEAL
Subject has a workforce of 45 employees.
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.
·
National Bank of Oman Limited (SAOG)
Muttrah Business District
PO Box: 751, Ruwi
112
Muscat
Tel: (968) 24708894 / 24708630 / 24708684
Fax: (968) 24707781 / 24703972
·
Bank of Beirut
PO Box: 221
Muscat
Tel: (968)
24697269
Fax: (968)
24698769
No complaints regarding subject’s payments have been reported.
Local sources report that payment obligations are met in a generally
timely manner and the operating history is clear. As such the company is deemed
a fair trade risk and the above credit figure is considered to be within
subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.37 |
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1 |
Rs.87.44 |
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Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.