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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
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Name : |
A & A MANAPPAT FOODS TRADING LLC |
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Registered Office : |
Commercial Business
District, Gubrah, P O Box 546, Muscat 117 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.11.1998 |
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Com. Reg. No.: |
1/60610/7 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesalers and retailers
of general foodstuffs and frozen food products |
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No. of Employees : |
30 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Oman |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 : A & A MANAPPAT FOODS TRADING LLC
Country of Origin :
Legal Form : Limited Liability Company – LLC
Registration Date : 21st November 1998
Commercial Registration Number : 1/60610/7
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 30
Activities : Wholesalers and retailers of general foodstuffs and frozen food
products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Sunil Babu, Sales Executive
A & A MANAPPAT FOODS TRADING LLC
Registered &
Physical Address
Location : Commercial Business District,
Gubrah
PO Box : 546
Town :
Country :
Telephone : (968) 24797578
Facsimile : (968) 24799943
Email : sunil@manappat.com
Premises
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
·
Way No.
1911, Plot No. 159 Warehouse
premises
Mawileh Area
Tel: (968) 24544251
Fax: (968) 24544836
Name Nationality Position
·
Ameer
Ahmed Manappat Indian Managing
Director
·
Ameer
Mohamed
·
Chakravarti
Vasunbala - Group
Financial Manager
·
Sani
Zakaria - Financial
Manager
·
Samir
Mohamed - Sales
Manager
·
Sunil
Babu - Sales
Executive
Date of Establishment : 21st
November 1998
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/60610/7
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s) Percentage
·
Ameer Mohamed
·
Ameer
Ahmed Manappat 49%
·
Benchmark
International LLC
·
Spicy
Village Restaurants LLC
·
Teejan
Furnishing
·
Agnice
Fire Protection Ltd
·
Connect
Plus Pvt Ltd
·
Teejan General
Trading LLC
·
Connect
Plus Trading LLC
·
Agnice
International & Partners LLC
·
Rooftek
Activities: Engaged in the wholesale and retail of
general foodstuffs and frozen foods, including burgers.
Import
Countries:
International
Suppliers:
·
Al Waha
·
Arpic
Gold
·
Glenda
Operating Trend: Steady
Subject has a
workforce of 30 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 2,150,000 RO 2,380,000
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
Head Office
Muttrah Business District
PO Box: 2010, Ruwi 112
Muscat
Tel: (968) 24700161 / 24706265
/ 24706267
Fax: (968) 24797736
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.53.84 |
|
UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.