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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MOHAMED ASSULAIMY AUTO PARTS CENTRE EST |
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Registered Office : |
Building No. 215, Way No. 4611, Al Wadi Al Kabir
Industrial Area, Ruwi 112, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1982 |
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Com. Reg. No.: |
1/13192/2 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail of auto spare parts, tyres, filters, batteries and lubricants |
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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
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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 : MOHAMED ASSULAIMY AUTO PARTS CENTRE EST
Country of Origin : Oman
Legal Form : Sole Proprietorship
Registration Date : 1st January 1982
Commercial Registration Number : 1/13192/2
Invested Capital : RO 40,000
Total Workforce : 45
Activities : Wholesale and retail of auto spare parts, tyres, filters, batteries and
lubricants.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
MOHAMED ASSULAIMY
AUTO PARTS CENTRE EST
Registered &
Physical Address
Building : Building No. 215
Street : Way No. 4611
Area : Al Wadi Al Kabir Industrial
Area, Ruwi 112
PO Box : 3957
Town : Muscat
Country : Oman
Telephone : (968) 24816774 / 24817791
Facsimile : (968) 24811562
Mobile : (968) 99020458
Email : mohdautocentre@gmail.com / mohdauto@omantel.net.om
Premises
Subject operates
from a medium sized suite of offices, a warehouse and a showroom that are
rented and located in the Industrial Area of Muscat.
Name Position
·
Mohamed
Bin Saud Bin Mansour Assulaimy Proprietor
·
Khalid Mohamed
Bin Saud Bin Mansour Assulaimy General
Manager
Date of Establishment : 1st
January 1982
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1/13192/2
Invested Capital
: RO 40,000
Mr Mohamed Bin Saud
Bin Mansour Assulaimy is the sole proprietor of the business.
Activities: Engaged in the wholesale and retail of
automotive spare parts, tyres, filter, batteries and lubricants.
Import
Countries: India
International
Suppliers:
·
Exide Industries India
·
Orien
Industries India
·
Apollo
Tyre India
Brand Names: ASPIRE, ACELERE, AMAZER and HAWKZ
Operating Trend: Steady
Subject has a
workforce of 45 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 2,110,000 RO 2,450,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank of
Muscat
Al Burj Street
Greater Muttrah
PO Box: 6326, Ruwi
Muscat
Tel: (968) 24701769
Fax: (968) 24796488
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.56.05 |
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UK Pound |
1 |
Rs.86.69 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.