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Report Date : |
29.05.2012 |
IDENTIFICATION DETAILS
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Name : |
XPERT TRADING ENTERPRISES LLC |
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Registered Office : |
Wadi
Kabir, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.01.1993 |
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Com. Reg. No.: |
1611550 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of electrical hardware products |
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No. of Employees : |
08 |
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 |
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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 : XPERT TRADING ENTERPRISES LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 16th January 1993
Commercial Registration Number : 1611550
Chamber Membership Number : 3179
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 8
Activities : Distributors of electrical hardware products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mahmoud Mourad, Public Relations Manager
XPERT TRADING
ENTERPRISES LLC
Registered &
Physical Address
Location : Wadi
Kabir
PO Box : 1805
Town : Muttrah 114
Country : Oman
Telephone : (968) 24813464 / 24814181
Facsimile : (968) 24816465
Email : xpert@omantel.net.om / xpertoman@gmail.com
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Muttrah.
Name Nationality Position
·
Purshotam
Megchani
Indian Managing
Director
·
Rostum Ramadas Megchani Indian Director
·
Parkash Rostum Megchani Indian Director
·
Megechani Ghitta Rostum Indian Director
·
Megchani Nailesh Pagwanadas Indian Director
·
Anwar Hussain Al Zagali Omani Director
·
Darmesh
Patel - Sales
Manager
·
Mahmoud
Mourad - Public
Relations Manager
Date of Establishment : 16th
January 1993
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1611550
Chamber Member No. : 3179
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s)
·
Purshotam
Megchani
·
Rostum Ramadas Megchani
·
Parkash Rostum Megchani
·
Megechani Ghitta Rostum
·
Megchani Nailesh Pagwanadas
·
Anwar Hussain Al Zagali
Activities: Engaged in the import
and distribution of electrical hardware products, including wiring, flexible
pipes, GI & PVC conduits, trunking and copper pipes.
Import
Countries: Germany, United
Kingdom, Japan and India
International
Suppliers:
·
GI Thailand
·
Brass
Copper Alloy Ltd India
Operating Trend: Steady
Subject has a
workforce of 8 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 915,000 RO 1,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Mahmoud Mourad, Public Relations Manager
·
Bank of
Baroda
Muttrah Corniche Branch
PO Box: 7231
Muscat
Tel: (968) 24714549 / 24712367 / 24734549 /
24744559
Fax: (968) 24714560
No complaints
regarding subject’s payments have been reported.
During the course
of this investigation nothing detrimental was uncovered regarding subject’s operating
history or the manner in which payments are fulfilled. As such the company is
considered to be a fair trade risk and the above credit figure is within
subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.26 |
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UK Pound |
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.