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Report Date : |
14.03.2012 |
IDENTIFICATION DETAILS
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Name : |
HAMAD BIN
ABDULLAH AL RUSHEIDI & PARTNERS TRADING LLC |
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Registered Office : |
18th November
Street, Al
Ghubrah Area, Muscat |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
23.01.2002 |
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Com. Reg. No.: |
1/68921/5 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Distributors of building materials, paints, sanitary ware and electrical equipment. |
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No. of Employees : |
13 |
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$ 150,000 |
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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 – 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 |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : HAMAD BIN ABDULLAH AL RUSHEIDI
& PARTNERS TRADING LLC
Country of Origin : Oman
Legal Form :
Limited Liability Company – LLC
Registration Date : 23rd
January 2002
Commercial
Registration Number : 1/68921/5
Chamber Membership
Number : 4144
Issued Capital : RO
150,000
Paid up Capital : RO
150,000
Total Workforce : 13
Activities :
Distributors of building materials, paints, sanitary ware and electrical
equipment.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
HAMAD BIN ABDULLAH
AL RUSHEIDI & PARTNERS TRADING LLC
Street : 18th November Street
Area : Al Ghubrah
Area
PO Box : 204, Al Khuwair 133
Town : Muscat
Country : Oman
Telephone : (968) 24495773
Facsimile : (968) 24498379
Mobile : (968) 99735248
Email : hussainali.1984@gmail.com / haart@gmail.com / haart2009@gmail.com
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Muscat.
Name Nationality Position
·
Hamad Bin Abdullah Al Rusheidi Omani Managing
Director
·
Mostafa Asgar Ali Indian Director
·
Hussain Asgar Ali Indian Director
·
Asgar
Ali Akbar Ali Indian Director
·
Bijosh
Kochu Muryal - Financial
Controller
Date of Establishment : 23rd
January 2002
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/68921/5
Chamber Member No. : 4144
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
·
Hamad Bin Abdullah Al Rusheidi
·
Mostafa Asgar Ali
·
Hussain Asgar Ali
·
Asgar
Ali Akbar Ali
Activities: Engaged in the import and distribution of building
materials, paints, sanitary ware and electrical
equipment.
Import
Countries: India and China
Brand Names: V BUILD
Operating Trend: Steady
Subject has a
workforce of 13 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 1,275,000 RO 1,500,000
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
Ghubra Branch
Muscat
Swift Code: OMA-BOMRUXXX
A/C No: 3128-229852-300
No complaints
regarding subject’s payments have been reported.
Opinion on the
credit figure of US$ 150,000:
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.49.84 |
|
|
1 |
Rs.77.96 |
|
Euro |
1 |
Rs.65.61 |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.