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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
KURIYA MURIYA TRADING CO LLC |
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Registered Office : |
Mawalih Market Area PO Box 1761 Muscat |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1978 |
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Com. Reg. No.: |
1/25679/3 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Wholesale and retail of general foodstuffs. |
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No. of Employees : |
46 |
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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Maximum Credit Limit : |
US$ 600,000 |
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Status : |
Good |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 : KURIYA MURIYA TRADING CO LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Start Date : 1978
Registration Date : 4th December 1986
Commercial Registration Number : 1/25679/3
Chamber Membership Number : 2563
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 46
Activities : Wholesale and retail of general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 600,000
Person Interviewed : Narayan N Menon, Finance Manager
KURIYA MURIYA TRADING CO LLC
Location : Mawalih
Market Area
PO Box : 1761
Town : Muscat
Country : Oman
Telephone : (968) 24547093
/ 24814714 / 24547092
Facsimile : (968) 24545716
Mobile : (968)
99353166 / 99045493
Email : iskunju@omantel.net.om
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Muscat.
Branch Office (s)
Location Description
· Al Aman House,
Ground Floor Showroom
premises
PO Box: 544
Al Wadi Al Kabir, Ruwi 111
Muscat
Tel: (968) 24816355 / 24815466
Fax: (968) 24816496
Name Nationality Position
· Mohamed Ismail
Kunju Indian Managing
Director
· Abdullah Mohamed
Said Al Farsi Omani Director
· Mohamed Irshad Kunju Indian Commercial
Manager
· Narayan N Menon - Finance
Manager
Date of
Establishment : Subject’s
operations date back to 1978, however it was registered on 4th
December 1986
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/25679/3
Chamber Member No. : 2563
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
· Mohamed Ismail
Kunju
· Abdullah Mohamed
Said Al Farsi
Activities: Engaged in the wholesale and retail of general foodstuffs, including
fresh and frozen meat and poultry.
Import Countries: India, Thailand, Brazil and Europe
International Suppliers:
· Samrat India
·
Perdigo Brazil
Brand Names: AL EMIRATE, BORELLA, SAFA, SAFFA, AL TAMAM and
SUPREME
Operating Trend: Steady
Subject has a workforce of 46 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
6,500,000 RO
7,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Narayan N Menon, Finance Manager
·
Bank Muscat SAOG
Al Wadi Al Kabir
Muscat
Tel: (968) 24710808
Fax: (968) 24716760
·
Oman International Bank
Al Jaame Street
PO Box:
4216
Muscat
Tel:
(968) 24703614 / 24707328 / 24793450
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.50.02 |
|
|
1 |
Rs.79.01 |
|
Euro |
1 |
Rs.66.18 |
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 |
|
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 |
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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 |
-- |
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.