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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AL MAHA MARBLE LLC |
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Registered Office : |
Al Khuwair Area,
Al Khuwair Roundabout, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
13.04.2010 |
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Com. Reg. No.: |
1/08653/4 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of marble and granite |
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No. of Employees : |
20 |
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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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 : AL MAHA MARBLE LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 13th April 2010
Commercial Registration Number : 1/08653/4
Chamber Membership Number : 12183/1
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 20
Activities : Distributors of marble and granite
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL MAHA MARBLE LLC
Registered &
Physical Address
Location : Al Khuwair Area, Al Khuwair
Roundabout
PO Box : 2455
Town : Muscat 111
Country :
Telephone : (968) 24607785 / 24699979
Facsimile : (968) 24695357
Mobile : (968) 99108814 / 96025652
Email : alajmi@omantel.net.om / ajmiacct@omantel.net.om / ajmarble@omantel.net.om
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Muscat.
Name Position
·
Sadiq
Bin Mohamed Baqir Al Ajmi Managing
Director
·
Yasser
Bin Mohamed Baqir Al Ajmi Director
·
Jassim
Bin Mohamed Baqir Al Ajmi Director
·
Aziz
Bin Mohamed Baqir Al Ajmi Director
·
Ahmed
Bin Mohamed Baqir Al Ajmi Director
·
Fatima
Bin Mohamed Baqir Al Ajmi Director
·
Chingu
M Nair Financial
Controller
Date of Establishment: 13th April 2010
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/08653/4
Chamber Member No.: 12183/1
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s)
·
Sadiq Bin
Mohamed Baqir Al Ajmi
·
Yasser
Bin Mohamed Baqir Al Ajmi
·
Jassim
Bin Mohamed Baqir Al Ajmi
·
Aziz
Bin Mohamed Baqir Al Ajmi
·
Ahmed
Bin Mohamed Baqir Al Ajmi
·
Fatima
Bin Mohamed Baqir Al Ajmi
·
Al Ajmi
Marble LLC
Al Khuwair Area
Muscat
·
Majan
Marble Trade
Muscat
Activities: Engaged in the import and distribution of
marble and granite.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 20 employees.
Financial highlights
provided by local sources are given below:
Currency: Riyal
Omani (RO)
Year
Ending 31/12/11:
Total Sales RO
900,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Commercial Bank of Oman SAOG
Muttrah Business District
PO Box: 1696, Ruwi 112
Muscat
Tel: (968) 24793225 / 24793226 /
24793228
Fax: (968) 24793229
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
|
UK Pound |
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<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.