|
Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SWIFT CONNECTIONS LLC |
|
|
|
|
Registered Office : |
Wadi Audi Area, Ruwi |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.04.2004 |
|
|
|
|
Com. Reg. No.: |
1/75460/2 |
|
|
|
|
Legal Form : |
Limited Liability Company – LLC |
|
|
|
|
Line of Business : |
Providers of customs brokerage and delivery services |
|
|
|
|
No. of Employees : |
55 |
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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 : SWIFT CONNECTIONS LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 26th April 2004
Commercial Registration Number : 1/75460/2
Chamber Membership Number : 4967
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 55
Activities : Providers of customs brokerage and delivery services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Royston Corda, Sales Manager
SWIFT CONNECTIONS LLC
Location : Wadi Audi
Area, Ruwi 112
PO Box : 2843
Town : Muscat
Country : Oman
Telephone : (968) 24837756
/ 24837713
Facsimile : (968) 24832001
Email : swiftmc@omantel.com
/ swift@omantel.net.om
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Industrial Area of Muscat.
Name Position
· Mussalam Nasser Al
Abrawi Managing
Director
· Malik Yacoub Al
Rawahi Director
· Kishore Pednekar General
Manager
· Joji Mon Financial
Manager
· Royston Corda Sales
Manager
Date of
Establishment : 26th
April 2004
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/75460/2
Chamber Member No. : 4967
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
· Mussalam Nasser Al
Abrawi
· Malik Yacoub Al
Rawahi
Activities: Engaged in the provision of customs brokerage and delivery services,
including household goods,
commercial cargo, oil and gas products,
warehousing and distribution, professional packing services and registration of
vehicles and boats.
Import Countries: India and Italy.
International Suppliers:
· Fobs Marshall India
· Techno Inox Italy
Subject has a workforce of 55 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.
· 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
|
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.