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Report Date : |
31.07.2012 |
IDENTIFICATION DETAILS
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Name : |
AL NABTAH TRADING & CONTRACTING CO LLC |
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Registered Office : |
Basar Street, New
Salalah Area, P O Box 2062, Salalah 211 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.07.1998 |
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Com. Reg. No.: |
2/14113/2 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of marble, granite and building materials |
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No. of Employees : |
40 |
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 |
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Risk Category |
ECGC
Classification |
|
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 : AL NABTAH TRADING & CONTRACTING CO LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 21st July 1998
Commercial Registration Number : 2/14113/2
Chamber Membership Number : 888
Issued Capital : RO 50,000
Paid up Capital : RO 50,000
Total Workforce : 40
Activities : Distributors of marble, granite and building materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL NABTAH TRADING
& CONTRACTING CO LLC
Registered &
Physical Address
Street : Basar Street
Area :
New Salalah Area
PO Box :
2062
Town :
Salalah 211
Country :
Sultanate of Oman
Telephone :
(968) 23202048 / 23235558
Facsimile :
(968) 23298516
Mobile : (968) 99490342 / 99291516
Email : stephangalasni@hotmail.com
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Salalah.
Branch Offices
Location Description
· Nizwa Showroom
premises
Tel: (968)
25432235
· Izki Showroom
premises
Tel: (968)
25340456
Name Nationality Position
· Stephan Galasani Indian Managing
Director
· Salem Ali Abdul Nabi
Omani Director
· Saud
Salem Ali Abdul Nabi Omani Director
Date of
Establishment : 21st
July 1998
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 2/14113/2
Chamber Member No. : 888
Issued Capital : RO 50,000
Paid up Capital : RO 50,000
Name of
Shareholder (s)
· Stephan Galasani
· Salem Ali Abdul Nabi
· Saud
Salem Ali Abdul Nabi
Activities: Engaged in the import and distribution of marble, granite and building
materials.
Import Countries: Europe and GCC countries.
International
Suppliers:
· Rina Granite India
· Jebren Malaysia
Operating Trend: Steady
Subject has a workforce of 40 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
1,750,000 RO
2,000,000
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)
Hafa Branch
PO Box: 824
Salalah 211
Tel: (968) 23291952
Fax: (968) 23290066
No complaints regarding subject’s payments have been reported.
Established in 1998, subject is involved in the import and distribution
of marble, granite and building materials.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
|
UK Pound |
1 |
Rs.87.12 |
|
Euro |
1 |
Rs.68.15 |
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 |
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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 |
|
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 |
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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.