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Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SAMA ITALIA MARBLE AND GRANITE LLC |
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Registered Office : |
Al Maha Street,
Al Khuwair Area, P O Box 446, Rusayl 124 |
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Country : |
Oman |
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Date of Incorporation : |
09.12.2012 |
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Com. Reg. No.: |
1160171 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of marble and granite |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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.
|
Source : CIA |
Company Name : SAMA ITALIA MARBLE AND GRANITE LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 9th December 2012
Commercial Registration Number : 1160171
Membership Number : 16629
Issued Capital : RO 20,000
Paid up Capital : RO 20,000
Total Workforce : 20
Activities : Distributors of marble and granite.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Yasser Raad, Commercial Manager
SAMA ITALIA MARBLE
AND GRANITE LLC
Registered &
Physical Address
Street : Al Maha Street
Area : Al Khuwair Area
PO Box : 446
Town : Rusayl 124
Country : Oman
Telephone : (968) 24484876
Facsimile : (968) 24485557
Email : yasser@sunitaliamarble.com
Premises
Subject operates from
a medium sized suite of offices that are rented and located in the Central
Business Area of Rusayl.
Name Nationality Position
·
Mohamed
Ali Al Zain American Managing
Director
·
Jana
Raad American Director
·
Yasser
Raad - Commercial
Manager
·
Saleem
Royadan - Sales
Manager
Date of Establishment : 9th
December 2012
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1160171
Membership
No. : 16629
Issued Capital : RO 20,000
Paid up Capital : RO 20,000
Name of Shareholder
(s)
·
Mohamed
Ali Al Zain
·
Jana
Raad
·
Sama
Italia Marble & Granite LLC
PO Box: 27365
Sharjah
United Arab Emirates
·
Sun
Italia Marble and Granite LLC
PO Box: 27365
Sharjah
United Arab Emirates
Activities: Engaged in the import and distribution of
marble and granite.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 20 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Bank of
Muscat
Al Burj Street
Greater Muttrah
PO Box: 6326, Ruwi
Muscat
Tel: (968) 24701769
Fax:
(968) 24796488
No complaints
regarding subject’s payments have been reported.
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
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UK Pound |
1 |
Rs.82.76 |
|
Euro |
1 |
Rs.71.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
---- |
NB |
New Business |
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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.