MIRA INFORM REPORT

 

 

Report Date :

01.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ARAD AL GHAF TRADING & CONTRACTING LLC

 

 

Registered Office :

Ad Dakhlivah Region, 347, Izki 614

 

 

Country :

Oman

 

 

Date of Incorporation :

30.01.2011

 

 

Com. Reg. No.:

1102106

 

 

Legal Form :

Limited Liability Company – LLC

 

 

Line of Business :

Wholesale and retail of general foodstuff, dried foodstuff, vegetables and fruits.

 

 

No. of Employees :

12

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No complaints

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

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                         : ARAD AL GHAF TRADING & CONTRACTING LLC

Country of Origin                                    : Oman

Legal Form                                            : Limited Liability Company – LLC

Registration Date                                   : 30th January 2011

Commercial Registration Number            : 1102106

Chamber Membership Number                : 502

Issued Capital                                        : RO 100,000

Paid up Capital                                      : RO 100,000

Total Workforce                                     : 12

Activities                                               : Wholesale and retail of general foodstuff, dried foodstuff, vegetables and fruits.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                 : Matloob Bin Yasser Bin Sulaiman Al Tobi, Managing Director

 

 

 

 

COMPANY NAME

 

ARAD AL GHAF TRADING & CONTRACTING LLC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Ad Dakhlivah Region

 

PO Box             : 347

 

Town                 : Izki 614

Country             : Oman

 

Telephone         : (968) 99638551

 

Premises

 

Subject operates from a small suite of offices and a warehouse that are rented and located in the Industrial Area of Izki.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Matloob Bin Yasser Bin Sulaiman Al Tobi                                            Managing Director

 

·       Ahmed Mohamed Hamood Al Rawahi                                     Director

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 30th January 2011

 

Legal Form                  : Limited Liability Company – LLC

 

Commercial Reg. No.  : 1102106

 

Chamber Member No. : 502

 

Issued Capital              : RO 100,000

 

Paid up Capital            : RO 100,000

 

Name of Shareholder (s)                                    

                                                 

·       Matloob Bin Yasser Bin Sulaiman Al Tobi                                           

 

·       Ahmed Mohamed Hamood Al Rawahi

 

 

OPERATIONS

 

Activities: Engaged in the wholesale and retail of general foodstuff, dried foodstuff, vegetables and fruits.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 12 employees.

 

 

FINANCIAL DATA

 

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.

 

 

BANKERS

 

·       Bank of Muscat

     Al Burj Street

     Greater Muttrah

     PO Box: 6326, Ruwi

     Muscat

     Tel: (968) 701769

     Fax: (968) 796488

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.87.37

Euro

1

Rs.69.95

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.