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Report Date : |
03.04.2013 |
IDENTIFICATION DETAILS
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Name : |
AGNICE INTERNATIONAL AND PARTNERS LLC |
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Registered Office : |
UMS Building, Way
No. 935, Ruwi Area, Wadi Al Kabir 117, P O Box 546, Muscat |
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Country : |
Oman |
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Date of Incorporation : |
02.03.2009 |
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Com. Reg. No.: |
1/066330/1 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of fire protection and engineering products |
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No. of Employees : |
120 |
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 : |
Usually Correct |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
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.
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Source : CIA |
Company Name : AGNICE INTERNATIONAL AND PARTNERS LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 2nd March 2009
Commercial Registration Number : 1/066330/1
Chamber Membership Number : 10158
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Total Workforce : 120
Activities : Distributors of fire protection and engineering products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
AGNICE
INTERNATIONAL AND PARTNERS LLC
Registered &
Physical Address
Building : UMS Building
Street : Way No. 935
Area : Ruwi Area, Wadi Al Kabir 117
PO Box : 546
Town : Muscat
Country : Oman
Telephone : (968) 24797717 / 24797578
Facsimile : (968) 24799943
Mobile : (968) 99317694
Email : salesinfo@benchmark.net
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Muscat.
Name Nationality Position
·
Amir
Ahmed Badayat Manappat Indian Managing Director
·
Suhail Amir
Ahmed Badayat Manappat Indian Director
·
Ameer
Bin Mohamed Bin Salem Al Balooshi Omani Director
Date of Establishment : 2nd
March 2009
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/066330/1
Chamber Member No. : 10158
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of Shareholder
(s) Percentage
·
Amir
Bin Mohamed Bin Salem Al Balooshi 51%
·
Amir
Ahmed Badayat Manappat ]
] 49%
·
Suhail
Ameer Ahmed Badayat Manappat ]
·
Mayar
International LLC
Muscat
·
Ameer
and Ameer Manapat
Muscat
Activities: Engaged in the import and distribution of
fire protection and engineering products.
Subject provides fire risk evaluation, engineering system design,
hydraulic calculation and quantity
surveying and drawing and
documentation services and solutions.
Import
Countries: United States of
America
International
Suppliers:
·
Ansul United States of America
·
Notifier United States of America
·
Honeywell United States of America
Subject has a
workforce of 120 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)
Muttrah Business District
PO Box: 751, Ruwi 112
Muscat
Tel: (968) 24708894 / 24708630 / 24708684
Fax: (968) 24707781 / 24703972
No complaints
regarding subject’s payments have been reported.
Local sources
report that subject meets its payments in a timely manner and is considered to
be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
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UK Pound |
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.82 |
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.