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Report Date : |
21.09.2012 |
IDENTIFICATION DETAILS
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Name : |
MACRO SOFTWARE SYSTEMS LLC |
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Registered Office : |
Hatat House, Suite
No. 201, |
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Country : |
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Date of Incorporation : |
27.09.1998 |
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Com. Reg. No.: |
1/58886/9, Muscat |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors and retail of software products and packages, as well as providing client services, support and network solutions |
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No. of Employees : |
90 |
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 |
|
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 |
oman - ECONOMIC OVERVIEW
Oman is a
middle-income economy that is heavily dependent on dwindling oil resources.
Because of declining reserves and a rapidly growing labor force, Muscat has
actively pursued a development plan that focuses on diversification,
industrialization, and privatization, with the objective of reducing the oil
sector's contribution to GDP to 9% by 2020 and creating more jobs to employ the
rising numbers of Omanis entering the workforce. Tourism and gas-based
industries are key components of the government's diversification strategy. By
using enhanced oil recovery techniques, Oman succeeded in increasing oil
production, giving the country more time to diversify, and the increase in
global oil prices through 2011 provided the government greater financial
resources to invest in non-oil sectors.
|
Source : CIA |
Company Name : MACRO SOFTWARE SYSTEMS LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 27th September 1998
Commercial Registration Number : 1/58886/9, Muscat
Chamber Membership Number : 291
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 90
Activities : Distributors and retail of software products and packages, as well as
providing client services, support and network solutions.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
MACRO SOFTWARE
SYSTEMS LLC
Registered &
Physical Address
Building : Hatat House, Suite No. 201
Street : A Nahda Street
Area : Romellah
PO Box : 921
Town : Muscat 133
Country : Oman
Telephone : (968) 24565626
Facsimile : (968) 24565627
Email : contact@macro-soft.com / info@macro-soft.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Muscat.
Name Position
·
Qais
Rashid Al Lamki Managing
Director
·
Afkar
Al Farsi Director
·
Rajesh
Bhandari International
Operations Manager
·
Sushil
Mali Resources
Manager
Date of Establishment : 27th
September 1998
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/58886/9,
Muscat
Chamber Member No. : 291
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Name of Shareholder
(s)
·
Qais
Rashid Al Lamki
·
Afkar
Al Farsi
Activities: Engaged in the import, distribution and
retail of software products and packages, as well as providing client services,
support and network solutions.
Subject are authorised resellers and partners for Oracle.
Subject provides
end-to-end services in select areas of Information Technology, including:
*
Oracle ERP: E-Business Suite Application
*
Oracle Technology and Database Management
*
Oracle Bespoke / Custom Application Development
*
System Integration and Legacy Migration
*
IBM Document Management
*
Network Infrastructure and Security
*
IT Service Management
Subject’s partners include Oracle, IBM, F5, Axios Systems, Kasperky and
NetForensics.
Import Countries: Europe and the United States of America
Agencies Held:
·
Oracle United States of America
Subject has a
workforce of 90 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.
·
National
Bank of Oman Limited (SAOG)
Mutrah Business District
PO Box: 751, Ruwi 112
Muscat
Tel: (968) 24708894 / 24708630 / 24708684
Fax: (968) 24707781 / 24703972
·
Bank
Dhofar Al Omani Al Fransi
Mutrah Business District
PO Box: 1507, Ruwi 112
Muscat
Tel: (968) 24790466
Fax: (968) 24797246
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.87.91 |
|
Euro |
1 |
Rs.70.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.