MIRA INFORM REPORT
|
Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
ARABIAN FOOD & DISTRIBUTION LLC |
|
|
|
|
Registered Office : |
Commercial
Business Development Area (CBD), Opposite OIFC, P O Box 832, Ruwi 131, Muscat |
|
|
|
|
Country : |
Oman |
|
|
|
|
Date of Incorporation : |
31.03.2009 |
|
|
|
|
Com. Reg. No.: |
1/06558/4, Muscat |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale and retail of general foodstuff |
|
|
|
|
No. of Employees
: |
10 |
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 |
|
Maximum Credit Limit : |
US$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 30th, 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 |
Company Name : ARABIAN FOOD & DISTRIBUTION LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 31st March 2009
Commercial Registration Number : 1/06558/4, Muscat
Membership Number : 10302
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 10
Activities : Wholesale and retail of general foodstuff
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Kolayil Mandamath Haridaz, Managing Director
ARABIAN FOOD & DISTRIBUTION LLC
Registered &
Physical Address
Location : Commercial Business Development
Area (CBD), Opposite OIFC
PO Box : 832, Ruwi 131
Town : Muscat
Country : Oman
Telephone : (968) 24786161
Facsimile : (968) 24786262
Mobile : (968) 95523184
Email : haridas15@gmail.com / arfoods@omantel.net.om
Please note that
subject’s previous address was, Central Mawalih Market, Al Amriya, Muscat.
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Muscat.
Branch Offices
Subject has a branch showroom in Darsait.
Name Nationality Position
·
Kolayil
Mandamath Haridaz Indian Managing
Director
·
Mohamed
Kunzhu Indian Director
·
Murli
Dhar Rao Indian Director
·
Venkat
Subramanian Indian Director
·
Deepak
Sandana Indian Director
·
Khalid
Ali Khalfan Al Hadrami Omani Director
·
Vishnu
Mohan - Finance
Manager
·
Sundran
Mandabath Soma - Sales
Manager
Date of Establishment : 31st
March 2009
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/06558/4,
Muscat
Membership No. : 10302
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s) Percentage
·
Khalid
Ali Khalfan Al Hadrami 30%
·
Mohamed
Kunzhu 30%
·
Kolayil
Mandamath Haridaz 10%
·
Murli
Dhar Rao 10%
·
Venkat
Subramanian 10%
·
Deepak
Sandana 10%
·
Makkah Hypermarket
Muscat
Activities: Engaged in the wholesale and retail of
general foodstuff, including frozen meat, poultry and seafood.
Import
Countries: India, Sri
Lanka, Argentina and Brazil.
International
Suppliers:
·
Gee
Square Export India
·
ESS Foods Argentina
·
Granja
Morro Argentina
·
Penabranca Brazil
Subject has a
workforce of 10 employees.
Companies
registered in Oman are not legally required to make their accounts public and no
financial information was released by the company or submitted by outside
sources.
·
Bank
Muscat
Tharmad
Branch
PO Box: 24
Tharmad 315
Tel: (968) 26811321
Fax: (968) 26811321
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.50.31 |
|
UK Pound |
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.