MIRA INFORM REPORT

 

 

Report Date :

15.06.2012

 

IDENTIFICATION DETAILS

 

Name :

AL KHALILI UNITED ENTERPRISES LLC

 

 

Registered Office :

Al Wadi Al Kabir, Way No. 65511, Building No. 1100 PO Box1869 Muscat 112

 

 

Country :

Sultanate of Oman

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

20.01.1976

 

 

Com. Reg. No.:

1024353

 

 

Legal Form :

Limited Liability Company – LLC

 

 

Line of Business :

Import and distribution of building materials, tools and light fixtures and fittings

 

 

No. of Employees :

300

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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                                     : AL KHALILI UNITED ENTERPRISES LLC

Country of Origin                                    : Oman

Legal Form                                            : Limited Liability Company – LLC

Registration Date                                   : 20th January 1976

Commercial Registration Number            : 1024353

Chamber Membership Number                : 1524

Issued Capital                                        : RO 500,000

Paid up Capital                                      : RO   45,000

Total Workforce                                     : 300

Activities                                               : Import and distribution of building materials, tools and light fixtures and

                                                              fittings

Financial Condition                                 : Good

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

 

 

 

COMPANY NAME

 

AL KHALILI UNITED ENTERPRISES LLC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Al Wadi Al Kabir, Way No. 65511, Building No. 1100

 

PO Box            : 1869

 

Town                : Muscat 112

Country             : Sultanate of Oman

 

Telephone         : (968) 24816303 / 24493565 / 24455348 / 24616900

Facsimile          : (968) 24815384 / 24613503

Mobile                           : (968) 99353195 / 96784375

Email                : khalico@omantel.net.om

 

Premises

 

Subject operates from a large suite of offices and a warehouse that are rented and located in the Central Business Area of Muscat.

 

Branch Office (s)

 

     Location                                                                                           Description

 

·       Sohar                                                                                               Office premises

Tel: (968) 26751074

 

·       Mabela                                                                                             Office premises

Tel: (968) 24455348

      

·       Soor                                                                                     Office premises 

Tel: (968) 25546670

 

·       Ibiri                                                                                                  Office premises

Tel: (968) 25690858

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Qais Salim Hilall Al Khalili                                                                  Managing Director

 

·       Bassam Salim Hilall Al Khalili                                                                        Director

 

·       Talal Salim Hilall Al Khalili                                                                  Director

 

·       Sult Salim Hilall Al Khalili                                                                   Director

 

·       Ajit Kumar                                                                                        General Manager

 

·       Ayoub Khan                                                                                      Finance Manager

 

·       Parashant Kumar                                                                              Commercial Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 20th January 1976

 

Legal Form                  : Limited Liability Company – LLC

 

Commercial Reg. No.  : 1024353

 

Chamber Member No. : 1524

 

Issued Capital              : RO 500,000

 

Paid up Capital            : RO   45,000

 

Name of Shareholder (s)

 

·       Qais Salim Hilall Al Khalili

 

·       Bassam Salim Hilall Al Khalili

 

·       Talal Salim Hilall Al Khalili

 

·       Sult Salim Hilall Al Khalili

 

 

AFFILIATED COMPANIES

 

·       Al Kazem Contracting LLC

Muscat

 

·       Al Khalili Construction LLC

Muscat

 

·       Al Khalili Electrical LLC

Muscat

 

·       Al Khalili Technology LLC

Muscat

 

·       Al Khalili Lighting

Muscat

 

·       Al Khalili Hardware

Muscat

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of building materials, tools and light fixtures and fittings.

 

Import Countries: Europe and GCC countries

 

Operating Trend: Steady

 

Subject has a workforce of approximately 300 employees.

 

 

FINANCIAL DATA

 

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 13,650,000                          RO 14,100,000

 

Local sources consider subject’s financial condition to be Good.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Oman Arab Bank

     Muttrah Business District

     PO Box: 2010, Ruwi 112

     Muscat

     Tel: (968) 24700161 / 24706265 / 24706267

     Fax: (968) 24797736

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

Date of transaction                              August 2007

Credit amount                                        150,000

Amount overdue                                     0

Payment terms                                      60 days

Payment Method                                   Letters of Credit

Paying record                                        No Complaints

Currency                                               US Dollars

 

 

GENERAL COMMENTS

 

Established in 1976, subject is involved in the import and distribution of building materials, tools and light

fixtures and fittings.

 

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.55.79

UK Pound

1

Rs.86.37

Euro

1

Rs.70.07

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

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.