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Report Date : |
29.06.2012 |
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Tel. No.: |
00968 99342749, 99342749, 99026709 |
IDENTIFICATION DETAILS
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Name : |
ANWAR AL SHARQIA AL HADITHA LLC |
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Registered Office : |
Al Mawalah
Vegetables Market, P O Box 284, Seeb, Muscat 111 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
24.08.2009 |
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Com. Reg. No.: |
1/07600/4 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail
of vegetables, fruit and general foodstuffs |
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No. of Employees : |
08 |
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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Oman |
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 : ANWAR AL SHARQIA AL HADITHA LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 24th August 2009
Commercial Registration Number : 1/07600/4
Chamber Membership Number : 14137
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 8
Activities : Wholesale and retail of vegetables, fruit and general foodstuffs
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ANWAR AL SHARQIA AL
HADITHA LLC
Registered &
Physical Address
Location : Al Mawalah Vegetables Market
PO Box : 284, Seeb
Town : Muscat 111
Country : Oman
Telephone : (968) 24550629
Facsimile : (968) 24550629
Mobile : (968) 99342749 / 99026709 /
99051513
Email : sivaonion@gmail.com
Premises
Subject operates
from a small suite of offices and a shop that are rented and located in the
Central Business Area of Muscat.
Name Position
·
Khalid
Saeed Al Oraimi Managing
Director
·
Juma
Saeed Al Oraimi Director
·
Fatima
Arambeel Director
·
Siva
Dasan Sales
Manager
Date of Establishment : 24th
August 2009
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/07600/4
Chamber Member No. : 14137
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s)
·
Khalid
Saeed Al Oraimi
·
Juma
Saeed Al Oraimi
·
Fatima Arambeel
Activities: Engaged in the wholesale and retail of
vegetables, fruit and general foodstuffs.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 8 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 685,000 RO 750,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Oman
Arab Bank
Muttrah Business District
PO Box: 2010, Ruwi 112
Muscat
Tel: (968) 24700161 / 24706265
/ 24706267
Fax: (968) 24797736
No complaints
regarding subject’s payments have been reported.
According to local
sources, subject’s financial condition is satisfactory whilst payments are made
in a timely manner. The company’s operating history is reportedly clear 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.56.92 |
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UK Pound |
1 |
Rs.88.91 |
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Euro |
1 |
Rs.71.25 |
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 |
|
<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.