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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL INDUSTRIAL SERVICES LLC |
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Registered Office : |
Dar Sait Area, Al Wadi Al Kabir 117 PO Box 387 Muscat |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.12.2007 |
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Com. Reg. No.: |
1/03312/6 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Providers of calibration and testing services for electronic and mechanical equipment. |
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No. of Employees : |
110 |
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) |
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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 : GLOBAL INDUSTRIAL SERVICES LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 16th December 2007
Commercial Registration Number : 1/03312/6
Chamber Membership Number : 7990
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 110
Activities : Providers of calibration and testing services for electronic and mechanical equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
GLOBAL INDUSTRIAL SERVICES LLC
Location : Dar Sait
Area, Al Wadi Al Kabir 117
PO Box : 387
Town : Muscat
Country : Oman
Telephone : (968) 22005425
Facsimile : (968) 22005426
Mobile : (968)
99359495
Email : calibration@gstoman.com
/ gisllc@omantel.net.om
/ salessupport@gstoman.com
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Muscat.
Name Nationality Position
· Hamd Ibrahim Ali
Al Wahibi Omani Managing
Director
· Turkiya Bint Hilal
Bin Ghulam Al Baloushi Omani Director
· T K Vijayan - General
Manager
· Esakki Rajan - Business
Development Manager
Date of
Establishment : 16th December
2007
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/03312/6
Chamber Member No. : 7990
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
· Hamd Ibrahim Ali
Al Wahibi
· Turkiya Bint Hilal
Bin Ghulam Al Baloushi
Activities: Engaged as providers of calibration and testing services for electronic
and mechanical equipment.
Import Countries: United States of America, Germany, Japan and
Sweden.
International Suppliers:
· Vika Germany
· Yoko Gawa Japan
· Flair System Sweden
· Crystal
Engineering Corp. USA
Operating Trend: Steady
Subject has a workforce of 110 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
1,720,000 RO
2,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
· The Commercial Bank of Oman SAOG
Muttrah
Business District
PO Box:
1696, Ruwi 112
Muscat
Tel:
(968) 24793225 / 24793226 / 24793228
Fax: (968) 24793229
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.12 |
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|
1 |
Rs.79.37 |
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Euro |
1 |
Rs.66.00 |
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 |
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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.